Burlington Stores (NYSE:BURL) Shares Gap Down – What’s Next?

Burlington Stores, Inc. (NYSE:BURL) shares gapped down prior to trading on Tuesday . The stock had previously closed at $291.66, but opened at $282.54. Burlington Stores shares last traded at $284.50, with a volume of 288,575 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on BURL. Loop Capital lifted their price target on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Citigroup boosted their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Robert W. Baird boosted their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Stock Up 0.6 %

The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $18.37 billion, a P/E ratio of 43.40, a P/E/G ratio of 1.48 and a beta of 1.64. The stock’s 50-day simple moving average is $262.06 and its 200-day simple moving average is $249.44.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. As a group, research analysts predict that Burlington Stores, Inc. will post 7.94 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Large investors have recently bought and sold shares of the company. Crewe Advisors LLC purchased a new position in shares of Burlington Stores during the 2nd quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores in the 3rd quarter valued at about $26,000. Brooklyn Investment Group purchased a new stake in Burlington Stores during the third quarter valued at about $33,000. ORG Partners LLC bought a new position in Burlington Stores during the second quarter worth about $38,000. Finally, Blue Trust Inc. increased its stake in shares of Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 shares in the last quarter.

Burlington Stores Company Profile

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.