A number of firms have modified their ratings and price targets on shares of Burlington Stores (NYSE: BURL) recently:

  • 9/11/2018 – Burlington Stores is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $194.00 price target on the stock.
  • 9/3/2018 – Burlington Stores is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $179.00 price target on the stock.
  • 8/31/2018 – Burlington Stores had its price target raised by analysts at Morgan Stanley from $150.00 to $176.00. They now have an “overweight” rating on the stock.
  • 8/31/2018 – Burlington Stores had its price target raised by analysts at Credit Suisse Group AG from $165.00 to $178.00. They now have an “outperform” rating on the stock.
  • 8/31/2018 – Burlington Stores had its price target raised by analysts at Wells Fargo & Co from $165.00 to $178.00. They now have an “outperform” rating on the stock.
  • 8/31/2018 – Burlington Stores had its price target raised by analysts at Citigroup Inc from $158.00 to $165.00. They now have a “neutral” rating on the stock.
  • 8/31/2018 – Burlington Stores had its price target raised by analysts at SunTrust Banks, Inc. to $189.00. They now have a “buy” rating on the stock.
  • 8/31/2018 – Burlington Stores was given a new $174.00 price target on by analysts at MKM Partners. They now have a “buy” rating on the stock.
  • 8/31/2018 – Burlington Stores had its price target raised by analysts at Deutsche Bank AG from $175.00 to $176.00. They now have a “buy” rating on the stock.
  • 8/30/2018 – Burlington Stores had its price target raised by analysts at Cowen Inc from $175.00 to $177.00. They now have a “buy” rating on the stock.
  • 8/30/2018 – Burlington Stores was given a new $180.00 price target on by analysts at Loop Capital. They now have a “buy” rating on the stock.
  • 8/28/2018 – Burlington Stores was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $188.00 price target on the stock. According to Zacks, “In a tough retail landscape, Burlington Stores has made multiple changes to its business model to adapt to the ongoing transformation in the sector. The strategic initiatives have aided the company to continue registering top- and bottom-line growth, which in turn has helped the stock to surge and outpace the industry in a year. This is evident from first-quarter fiscal 2018 results. Management is confident about posting sales and earnings growth in fiscal 2018. The company envisions full year adjusted earnings in the range of $5.90-$6.00 per share compared with $4.37 in the prior year. Notably, it has increased vendor counts, made technological advancements and initiated better marketing approach. These along with effective inventory management and cost containment efforts have helped elevate gross margin. However, high debt level and unfavorable macroeconomic factors that may impact consumer spending still remain matters of concern.”
  • 8/24/2018 – Burlington Stores had its price target raised by analysts at Telsey Advisory Group from $170.00 to $190.00. They now have an “outperform” rating on the stock.
  • 8/20/2018 – Burlington Stores had its price target raised by analysts at Deutsche Bank AG from $167.00 to $175.00. They now have a “buy” rating on the stock.
  • 8/20/2018 – Burlington Stores had its price target raised by analysts at Buckingham Research from $165.00 to $190.00. They now have a “buy” rating on the stock.
  • 8/6/2018 – Burlington Stores was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In a tough retail landscape, Burlington Stores has made multiple changes to its business model to adapt to the ongoing transformation in the sector. The strategic initiatives have aided the company to continue registering top- and bottom-line growth, which in turn has helped the stock to surge and outpace the industry in a year. This is evident from first-quarter fiscal 2018 results. Management is confident about posting sales and earnings growth in fiscal 2018. The company envisions full year adjusted earnings in the range of $5.90-$6.00 per share compared with $4.37 in the prior year. Notably, it has increased vendor counts, made technological advancements and initiated better marketing approach. These along with effective inventory management and cost containment efforts have helped elevate gross margin. However, high debt level and unfavorable macroeconomic factors that may impact consumer spending still remain matters of concern.”
  • 7/31/2018 – Burlington Stores had its price target raised by analysts at Citigroup Inc from $147.00 to $158.00. They now have a “neutral” rating on the stock.

BURL traded down $0.83 on Friday, hitting $165.25. 4,288 shares of the company were exchanged, compared to its average volume of 939,719. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 1.34 and a beta of 0.45. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.05 and a quick ratio of 0.29. Burlington Stores Inc has a twelve month low of $87.20 and a twelve month high of $175.48.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.19. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. research analysts anticipate that Burlington Stores Inc will post 6.21 earnings per share for the current year.

In related news, EVP Joyce Manning Magrini sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $148.75, for a total transaction of $371,875.00. Following the transaction, the executive vice president now owns 26,208 shares in the company, valued at $3,898,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Fred Hand sold 4,071 shares of Burlington Stores stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $172.42, for a total transaction of $701,921.82. Following the completion of the transaction, the insider now owns 68,203 shares in the company, valued at approximately $11,759,561.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,271 shares of company stock valued at $13,116,332. 1.91% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. FMR LLC increased its stake in Burlington Stores by 39.7% in the second quarter. FMR LLC now owns 3,445,692 shares of the company’s stock valued at $518,680,000 after acquiring an additional 979,815 shares during the period. Renaissance Technologies LLC increased its position in shares of Burlington Stores by 1,187.5% during the second quarter. Renaissance Technologies LLC now owns 875,500 shares of the company’s stock worth $131,789,000 after acquiring an additional 807,500 shares in the last quarter. Marshall Wace LLP increased its position in shares of Burlington Stores by 7,311.1% during the second quarter. Marshall Wace LLP now owns 467,347 shares of the company’s stock worth $70,350,000 after acquiring an additional 461,041 shares in the last quarter. Millennium Management LLC grew its position in Burlington Stores by 257.1% in the second quarter. Millennium Management LLC now owns 563,195 shares of the company’s stock valued at $84,778,000 after purchasing an additional 405,470 shares in the last quarter. Finally, Natixis lifted its stake in Burlington Stores by 386.2% in the second quarter. Natixis now owns 493,433 shares of the company’s stock valued at $74,276,000 after acquiring an additional 391,945 shares during the last quarter.

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

Further Reading: Price to Earnings Ratio (PE)

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