Zacks Investment Research downgraded shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

According to Zacks, “In an intensely competitive retail landscape, Burlington Stores has made multiple changes to business model to adapt to the ongoing transformation in the sector. The strategic initiatives have aided the company to continue register growth in both the top and bottom lines, which in turn has helped the stock to outpace the industry in a year. Management is confident about posting year-over-year increase in both the top and bottom lines in fiscal 2017. The company now envisions adjusted earnings in the range of $4.23-$4.27 per share up from the prior year figure of $3.24. Notably, the company has increased vendor counts, made technological advancements, initiated better marketing approach and focused on localized assortments. These along with effective inventory management and cost containment efforts have helped elevate gross margin. However, high debt level and macroeconomic factors impacting consumer spending still remain matters of concern.”

Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of Burlington Stores from a c+ rating to a b- rating in a report on Monday, November 13th. Cowen reiterated a buy rating and set a $115.00 price objective on shares of Burlington Stores in a report on Tuesday, November 21st. SunTrust Banks set a $109.00 price objective on shares of Burlington Stores and gave the company a buy rating in a report on Monday, October 16th. Deutsche Bank assumed coverage on shares of Burlington Stores in a report on Thursday, September 14th. They set a buy rating and a $108.00 price objective for the company. Finally, BMO Capital Markets reiterated a buy rating and set a $115.00 price objective on shares of Burlington Stores in a report on Wednesday, September 13th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $112.84.

Burlington Stores (NYSE:BURL) traded up $3.58 during trading on Monday, hitting $125.88. 1,135,795 shares of the stock traded hands, compared to its average volume of 1,041,300. The company has a market cap of $8,590.00, a price-to-earnings ratio of 33.04, a PEG ratio of 1.66 and a beta of 0.56. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. Burlington Stores has a 12-month low of $79.07 and a 12-month high of $126.69.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.51 EPS. equities analysts forecast that Burlington Stores will post 4.28 EPS for the current year.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $121.54, for a total transaction of $2,430,800.00. Following the transaction, the chief executive officer now owns 406,808 shares of the company’s stock, valued at approximately $49,443,444.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $122.98, for a total transaction of $295,152.00. The disclosure for this sale can be found here. Insiders have sold a total of 87,701 shares of company stock worth $9,524,858 in the last three months. Insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Artemis Investment Management LLP purchased a new position in Burlington Stores during the 3rd quarter valued at about $18,202,000. Zweig DiMenna Associates LLC purchased a new position in Burlington Stores during the 3rd quarter valued at about $2,644,000. Legal & General Group Plc increased its position in Burlington Stores by 13.2% during the 3rd quarter. Legal & General Group Plc now owns 47,146 shares of the company’s stock valued at $4,503,000 after purchasing an additional 5,484 shares during the period. Systematic Financial Management LP purchased a new position in Burlington Stores during the 2nd quarter valued at about $7,897,000. Finally, Caxton Associates LP purchased a new position in Burlington Stores during the 3rd quarter valued at about $3,580,000.

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Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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