Burlington (BURL) Receives $136.14 Average PT from Analysts

Shares of Burlington (NYSE:BURL) have earned a consensus recommendation of “Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $136.14.

A number of research firms have issued reports on BURL. Zacks Investment Research cut shares of Burlington from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. OTR Global began coverage on shares of Burlington in a research note on Tuesday, May 8th. They issued a “positive” rating for the company. Deutsche Bank began coverage on shares of Burlington in a research note on Monday, April 30th. They issued a “buy” rating and a $156.00 target price for the company. SunTrust Banks set a $148.00 target price on shares of Burlington and gave the company a “buy” rating in a research note on Monday, April 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 target price (up from $146.00) on shares of Burlington in a research note on Wednesday, April 18th.

Burlington opened at $138.60 on Thursday, according to Marketbeat Ratings. The company has a quick ratio of 0.31, a current ratio of 0.98 and a debt-to-equity ratio of 12.84. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 1.29 and a beta of 0.42. Burlington has a 12-month low of $79.07 and a 12-month high of $142.23.

Burlington (NYSE:BURL) last posted its earnings results on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.08. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Burlington had a net margin of 6.31% and a negative return on equity of 754.89%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 earnings per share. analysts anticipate that Burlington will post 5.78 EPS for the current fiscal year.

In related news, insider Joyce Manning Magrini sold 2,500 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $125.64, for a total transaction of $314,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $137.13, for a total transaction of $2,742,600.00. Following the transaction, the chief executive officer now owns 355,273 shares of the company’s stock, valued at $48,718,586.49. The disclosure for this sale can be found here. Insiders sold 47,500 shares of company stock valued at $6,243,575 over the last 90 days. 1.91% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in Burlington by 2.6% during the 1st quarter. Aperio Group LLC now owns 14,959 shares of the company’s stock valued at $1,992,000 after purchasing an additional 372 shares during the last quarter. Atria Investments LLC raised its stake in Burlington by 14.3% during the 1st quarter. Atria Investments LLC now owns 3,117 shares of the company’s stock valued at $415,000 after purchasing an additional 391 shares during the last quarter. Denver Investment Advisors LLC raised its stake in Burlington by 6.8% during the 1st quarter. Denver Investment Advisors LLC now owns 7,163 shares of the company’s stock valued at $954,000 after purchasing an additional 456 shares during the last quarter. M&T Bank Corp raised its stake in Burlington by 12.7% during the 1st quarter. M&T Bank Corp now owns 4,378 shares of the company’s stock valued at $583,000 after purchasing an additional 494 shares during the last quarter. Finally, Amalgamated Bank raised its stake in Burlington by 4.1% during the 4th quarter. Amalgamated Bank now owns 13,340 shares of the company’s stock valued at $1,641,000 after purchasing an additional 523 shares during the last quarter.

About Burlington

Burlington Stores, Inc is an apparel and home product retailer. Its products include ladies sportswear, menswear, coats, family footwear and youth apparel, as well as baby furniture, accessories, home decor and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

Analyst Recommendations for Burlington (NYSE:BURL)

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