Burlington Stores (NYSE:BURL) Raised to Buy at UBS Group

Burlington Stores (NYSE:BURL) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Friday, MarketBeat Ratings reports. The firm presently has a $360.00 price objective on the stock, up from their prior price objective of $280.00. UBS Group’s price objective points to a potential upside of 26.04% from the stock’s current price.

A number of other analysts have also issued reports on BURL. TD Cowen raised their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Robert W. Baird upped their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. Finally, Citigroup upped their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $313.00.

Burlington Stores Stock Performance

Burlington Stores stock opened at $285.63 on Friday. Burlington Stores has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 1.58 and a beta of 1.63. The stock has a fifty day moving average of $280.29 and a two-hundred day moving average of $264.88. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts anticipate that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its stake in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $26,000. Brooklyn Investment Group purchased a new position in shares of Burlington Stores during the 3rd quarter valued at approximately $33,000. UMB Bank n.a. grew its position in shares of Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after buying an additional 141 shares in the last quarter. Finally, AM Squared Ltd bought a new stake in shares of Burlington Stores in the third quarter worth $53,000.

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.