Burlington Stores (NYSE:BURL) Stock Rating Lowered by Cowen

Burlington Stores (NYSE:BURLGet Rating) was downgraded by Cowen from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, The Fly reports.

Several other equities analysts have also recently issued reports on the stock. Loop Capital decreased their price target on shares of Burlington Stores from $175.00 to $135.00 and set a “sell” rating for the company in a research report on Friday, May 27th. Telsey Advisory Group decreased their price target on shares of Burlington Stores from $280.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Barclays upped their price objective on shares of Burlington Stores to $207.00 in a research note on Friday, May 27th. StockNews.com lowered shares of Burlington Stores from a “hold” rating to a “sell” rating in a research note on Monday, June 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Burlington Stores from $250.00 to $242.00 in a research note on Monday, May 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.74.

BURL stock opened at $149.80 on Wednesday. The company has a 50 day simple moving average of $180.83 and a 200 day simple moving average of $212.98. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 40.05, a P/E/G ratio of 2.74 and a beta of 0.78. Burlington Stores has a 1 year low of $142.41 and a 1 year high of $357.34. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.26 and a quick ratio of 0.53.

Burlington Stores (NYSE:BURLGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.10). Burlington Stores had a net margin of 2.80% and a return on equity of 60.41%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the company posted $2.59 earnings per share. The company’s revenue was down 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that Burlington Stores will post 6.6 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of BURL. Cetera Investment Advisers increased its position in Burlington Stores by 3.9% during the 3rd quarter. Cetera Investment Advisers now owns 1,663 shares of the company’s stock valued at $472,000 after purchasing an additional 63 shares during the period. Gateway Investment Advisers LLC increased its position in shares of Burlington Stores by 0.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 22,621 shares of the company’s stock valued at $6,594,000 after purchasing an additional 68 shares during the last quarter. Captrust Financial Advisors increased its holdings in Burlington Stores by 4.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,598 shares of the company’s stock worth $453,000 after acquiring an additional 71 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Burlington Stores by 9.3% in the 4th quarter. Westwood Holdings Group Inc. now owns 849 shares of the company’s stock worth $248,000 after purchasing an additional 72 shares during the period. Finally, We Are One Seven LLC boosted its position in shares of Burlington Stores by 2.7% during the 4th quarter. We Are One Seven LLC now owns 2,812 shares of the company’s stock valued at $820,000 after acquiring an additional 73 shares during the last quarter.

About Burlington Stores (Get Rating)

Burlington Stores, Inc operates as a retailer of branded apparel products 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.

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