Robert W. Baird Begins Coverage on Burlington Stores (BURL)

Equities researchers at Robert W. Baird began coverage on shares of Burlington Stores (NYSE:BURL) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm set an “outperform” rating and a $200.00 price target on the stock. Robert W. Baird’s target price would indicate a potential upside of 24.40% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. ValuEngine lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Monday. Loop Capital boosted their target price on shares of Burlington Stores to $200.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Credit Suisse Group boosted their target price on shares of Burlington Stores from $175.00 to $185.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 24th. Deutsche Bank boosted their target price on shares of Burlington Stores from $164.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Co boosted their target price on shares of Burlington Stores from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Burlington Stores presently has a consensus rating of “Buy” and a consensus price target of $179.79.

Shares of NYSE BURL opened at $160.77 on Tuesday. Burlington Stores has a twelve month low of $134.59 and a twelve month high of $180.27. The company has a market capitalization of $10.36 billion, a P/E ratio of 24.96, a PEG ratio of 1.32 and a beta of 0.16. The company has a quick ratio of 0.25, a current ratio of 1.02 and a debt-to-equity ratio of 3.05.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 7th. The company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.06. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the business earned $3.59 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts expect that Burlington Stores will post 7 earnings per share for the current fiscal year.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $143.19, for a total transaction of $2,863,800.00. Following the completion of the sale, the chief executive officer now owns 306,458 shares of the company’s stock, valued at approximately $43,881,721.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Vecchio sold 800 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $169.75, for a total transaction of $135,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,015 shares of company stock valued at $13,245,455. Insiders own 1.86% of the company’s stock.

A number of institutional investors have recently modified their holdings of BURL. BlackRock Inc. boosted its holdings in Burlington Stores by 31.6% in the 4th quarter. BlackRock Inc. now owns 3,907,084 shares of the company’s stock worth $635,564,000 after buying an additional 937,224 shares during the period. Wellington Management Group LLP boosted its holdings in Burlington Stores by 244.6% in the 1st quarter. Wellington Management Group LLP now owns 1,015,602 shares of the company’s stock worth $159,126,000 after buying an additional 720,897 shares during the period. Voya Investment Management LLC boosted its holdings in Burlington Stores by 52.3% in the 1st quarter. Voya Investment Management LLC now owns 2,034,371 shares of the company’s stock worth $318,746,000 after buying an additional 698,669 shares during the period. Norges Bank bought a new position in Burlington Stores in the 4th quarter worth $107,024,000. Finally, William Blair Investment Management LLC boosted its holdings in Burlington Stores by 47.2% in the 1st quarter. William Blair Investment Management LLC now owns 1,698,826 shares of the company’s stock worth $266,172,000 after buying an additional 545,036 shares during the period.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

Recommended Story: Is the QQQ ETF safe?

Analyst Recommendations for Burlington Stores (NYSE:BURL)

Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.