Burlington Stores (NYSE:BURL) Stock Rating Upgraded by UBS Group

Burlington Stores (NYSE:BURL) was upgraded by investment analysts at UBS Group from a “sell” rating to a “neutral” rating in a note issued to investors on Thursday, FinViz reports. The brokerage currently has a $212.00 price objective on the stock, up from their prior price objective of $126.00. UBS Group’s price objective indicates a potential upside of 19.09% from the stock’s current price.

A number of other brokerages have also commented on BURL. Evercore ISI boosted their price objective on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 price target (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and upped their price target for the company from $155.00 to $240.00 in a report on Wednesday, January 17th. Finally, StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $216.06.

Burlington Stores Trading Down 1.1 %

Shares of BURL stock opened at $178.02 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The firm has a market cap of $11.37 billion, a P/E ratio of 33.91, a PEG ratio of 1.06 and a beta of 1.49. Burlington Stores has a 1-year low of $115.66 and a 1-year high of $232.69. The firm’s 50-day simple moving average is $205.34 and its 200-day simple moving average is $183.11.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.07 billion. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.96 EPS. As a group, equities analysts forecast that Burlington Stores will post 7.41 EPS for the current year.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Several hedge funds have recently bought and sold shares of BURL. Lindbrook Capital LLC increased its stake in shares of Burlington Stores by 114.6% in the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Rise Advisors LLC acquired a new position in shares of Burlington Stores during the first quarter worth approximately $40,000. GAMMA Investing LLC bought a new position in Burlington Stores in the 4th quarter worth approximately $41,000. Mather Group LLC. acquired a new stake in Burlington Stores in the 1st quarter valued at approximately $48,000. Finally, Fifth Third Bancorp bought a new stake in Burlington Stores during the 4th quarter valued at $50,000.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise 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.