ValuEngine Lowers Burlington Stores (BURL) to Hold

ValuEngine cut shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a research note released on Monday morning, ValuEngine reports.

Several other equities research analysts have also weighed in on the company. Loop Capital upped their price objective on Burlington Stores to $200.00 and gave the company a buy rating in a research note on Monday, May 6th. Credit Suisse Group upped their price objective on 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 upped their price objective on Burlington Stores from $164.00 to $189.00 and gave the company a buy rating in a research note on Wednesday, April 24th. Wells Fargo & Co upped their price objective on Burlington Stores from $160.00 to $178.00 and gave the company an outperform rating in a research note on Wednesday, April 24th. Finally, Guggenheim reiterated a hold rating on shares of Burlington Stores in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $179.79.

Shares of BURL opened at $163.12 on Monday. Burlington Stores has a 12-month low of $134.59 and a 12-month high of $180.27. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.25 and a current ratio of 1.02. The stock has a market cap of $10.68 billion, a P/E ratio of 25.33, a PEG ratio of 1.36 and a beta of 0.16.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 7th. The company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.06. Burlington Stores had a return on equity of 226.76% and a net margin of 6.22%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the company posted $3.59 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. Analysts anticipate that Burlington Stores will post 7 EPS for the current fiscal year.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $143.19, for a total value of $2,863,800.00. Following the completion of the sale, the chief executive officer now owns 306,458 shares in the company, valued at approximately $43,881,721.02. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joyce Manning Magrini sold 22,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $158.54, for a total transaction of $3,487,880.00. Following the completion of the sale, the executive vice president now owns 29,610 shares of the company’s stock, valued at approximately $4,694,369.40. The disclosure for this sale can be found here. In the last three months, insiders sold 108,015 shares of company stock worth $16,733,335. 1.86% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lombard Odier Asset Management USA Corp bought a new stake in shares of Burlington Stores in the 1st quarter valued at $201,000. V Wealth Advisors LLC bought a new stake in shares of Burlington Stores in the 1st quarter valued at $201,000. HighTower Advisors LLC increased its position in shares of Burlington Stores by 2.0% in the 1st quarter. HighTower Advisors LLC now owns 4,637 shares of the company’s stock valued at $726,000 after buying an additional 92 shares in the last quarter. Maverick Capital Ltd. increased its position in shares of Burlington Stores by 69,363.0% in the 1st quarter. Maverick Capital Ltd. now owns 488,325 shares of the company’s stock valued at $76,511,000 after buying an additional 487,622 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Burlington Stores by 18.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,514 shares of the company’s stock valued at $667,000 after buying an additional 702 shares in the last quarter.

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.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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