Burlington Stores Inc. (NYSE:BURL) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other research firms have also weighed in on BURL. BMO Capital Markets upped their target price on shares of Burlington Stores from $69.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Wednesday, November 16th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $75.00 target price on shares of Burlington Stores in a report on Tuesday, September 13th. Morgan Stanley reissued a “buy” rating and issued a $82.00 price target on shares of Burlington Stores in a research note on Friday, August 26th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a $84.00 price target on shares of Burlington Stores in a research note on Monday, August 1st. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Burlington Stores currently has an average rating of “Buy” and a consensus price target of $86.24.

Analyst Recommendations for Burlington Stores (NYSE:BURL)

Burlington Stores (NYSE:BURL) opened at 77.94 on Thursday. The company has a market cap of $5.51 billion, a P/E ratio of 33.38 and a beta of 0.47. Burlington Stores has a 1-year low of $39.74 and a 1-year high of $87.23. The stock’s 50 day moving average is $76.67 and its 200 day moving average is $70.99.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 25th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.09. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Burlington Stores had a net margin of 3.22% and a negative return on equity of 183.69%. Burlington Stores’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. Equities analysts anticipate that Burlington Stores will post $2.98 earnings per share for the current fiscal year.

In other Burlington Stores news, insider Eric Seeger sold 20,948 shares of the company’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $79.74, for a total value of $1,670,393.52. Following the completion of the transaction, the insider now directly owns 38,905 shares in the company, valued at approximately $3,102,284.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $79.73, for a total transaction of $1,594,600.00. Following the completion of the transaction, the chief executive officer now owns 586,822 shares of the company’s stock, valued at $46,787,318.06. The disclosure for this sale can be found here. Company insiders own 2.21% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of BURL. Geode Capital Management LLC raised its position in shares of Burlington Stores by 5.9% in the first quarter. Geode Capital Management LLC now owns 488,392 shares of the company’s stock valued at $27,466,000 after buying an additional 27,272 shares during the period. Renaissance Technologies LLC raised its position in shares of Burlington Stores by 742.4% in the first quarter. Renaissance Technologies LLC now owns 254,400 shares of the company’s stock valued at $14,307,000 after buying an additional 224,200 shares during the last quarter. Legal & General Group Plc raised its position in shares of Burlington Stores by 69.5% in the first quarter. Legal & General Group Plc now owns 41,236 shares of the company’s stock valued at $2,322,000 after buying an additional 16,902 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Burlington Stores by 17.8% in the first quarter. Envestnet Asset Management Inc. now owns 39,626 shares of the company’s stock valued at $2,229,000 after buying an additional 5,976 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Burlington Stores by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 52,988 shares of the company’s stock valued at $2,980,000 after buying an additional 920 shares during the last quarter.

Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.

5 Day Chart for NYSE:BURL

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