Telsey Advisory Group Reaffirms “Outperform” Rating for Burlington Stores (NYSE:BURL)

Burlington Stores (NYSE:BURL)‘s stock had its “outperform” rating reiterated by stock analysts at Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They currently have a $310.00 target price on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 7.88% from the stock’s current price.

Several other research firms have also issued reports on BURL. TD Cowen increased their price objective on Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley increased their price target on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. The Goldman Sachs Group boosted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Citigroup upped their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $301.06.

Burlington Stores Stock Performance

BURL stock traded down $4.30 during midday trading on Tuesday, hitting $287.36. The stock had a trading volume of 945,256 shares, compared to its average volume of 895,399. Burlington Stores has a 52 week low of $168.49 and a 52 week high of $298.89. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of 43.44, a P/E/G ratio of 1.46 and a beta of 1.64. 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 stock has a 50-day simple moving average of $261.73 and a 200 day simple moving average of $248.76.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Burlington Stores will post 7.94 earnings per share for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The shares were 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 of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after purchasing an additional 18,160 shares during the period. Bank of New York Mellon Corp lifted its stake in Burlington Stores by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock valued at $185,282,000 after acquiring an additional 64,410 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after acquiring an additional 666,934 shares in the last quarter. Anomaly Capital Management LP grew its stake in shares of Burlington Stores by 34.6% during the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after acquiring an additional 187,760 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Burlington Stores by 2.2% in the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after buying an additional 14,080 shares during the last quarter.

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.