Burlington Stores, Inc. (NYSE:BURL) Given Average Recommendation of “Moderate Buy” by Brokerages

Burlington Stores, Inc. (NYSE:BURL) has earned an average rating of “Moderate Buy” from the eighteen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $208.45.

A number of brokerages have recently commented on BURL. Evercore ISI began coverage on shares of Burlington Stores in a research report on Tuesday, November 7th. They set an “outperform” rating and a $150.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and set a $233.00 price objective on shares of Burlington Stores in a report on Monday, August 7th. Sanford C. Bernstein cut their price objective on shares of Burlington Stores from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Sunday, August 27th. Barclays cut their price objective on shares of Burlington Stores from $213.00 to $211.00 and set an “overweight” rating on the stock in a report on Friday, August 25th. Finally, Gordon Haskett lowered shares of Burlington Stores from a “buy” rating to a “hold” rating and set a $137.00 price objective on the stock. in a report on Wednesday, September 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. boosted its holdings in Burlington Stores by 58.2% in the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Spire Wealth Management purchased a new stake in Burlington Stores in the first quarter valued at $27,000. Natixis purchased a new stake in Burlington Stores in the second quarter valued at $27,000. Quarry LP purchased a new stake in Burlington Stores in the first quarter valued at $39,000. Finally, Achmea Investment Management B.V. purchased a new stake in Burlington Stores in the second quarter valued at $40,000.

Burlington Stores Stock Performance

Burlington Stores stock opened at $136.75 on Tuesday. The firm has a market capitalization of $8.87 billion, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 0.82 and a beta of 1.23. The company’s 50-day moving average is $129.66 and its 200 day moving average is $151.28. Burlington Stores has a 1-year low of $115.66 and a 1-year high of $239.94. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.17 and a quick ratio of 0.46.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 24th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.17. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.17 billion. Burlington Stores had a net margin of 2.92% and a return on equity of 41.25%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. Research analysts forecast that Burlington Stores will post 5.66 EPS for the current year.

About Burlington Stores

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