Burlington Stores (NYSE:BURL) had its price objective raised by Citigroup from $158.00 to $165.00 in a research note issued on Friday. The firm presently has a “neutral” rating on the stock.

A number of other analysts have also recently weighed in on BURL. OTR Global started coverage on shares of Burlington Stores in a research report on Tuesday, May 8th. They set a “positive” rating for the company. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. Loop Capital set a $156.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Thursday, May 31st. Telsey Advisory Group upped their price target on shares of Burlington Stores from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, June 1st. Finally, SunTrust Banks reissued a “buy” rating and issued a $164.00 price objective on shares of Burlington Stores in a research report on Friday, June 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $162.94.

Shares of Burlington Stores stock opened at $165.00 on Friday. The company has a debt-to-equity ratio of 10.09, a current ratio of 1.01 and a quick ratio of 0.29. Burlington Stores has a twelve month low of $84.39 and a twelve month high of $172.65. The firm has a market cap of $11.30 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 1.53 and a beta of 0.42.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. Burlington Stores had a net margin of 6.61% and a negative return on equity of 16,096.86%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company earned $0.72 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. sell-side analysts expect that Burlington Stores will post 6.05 earnings per share for the current year.

In other news, VP John Crimmins sold 7,700 shares of the stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $150.72, for a total transaction of $1,160,544.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Fred Hand sold 6,500 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $150.78, for a total transaction of $980,070.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,762 shares of company stock valued at $13,947,101. 1.91% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of BURL. Claraphi Advisory Network LLC bought a new position in shares of Burlington Stores during the first quarter worth about $213,000. King Luther Capital Management Corp bought a new position in shares of Burlington Stores during the first quarter worth about $215,000. First Republic Investment Management Inc. bought a new position in shares of Burlington Stores during the second quarter worth about $219,000. Zacks Investment Management bought a new position in shares of Burlington Stores during the second quarter worth about $220,000. Finally, First National Bank of Omaha bought a new position in shares of Burlington Stores during the first quarter worth about $228,000.

About Burlington Stores

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.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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