Burlington Stores (NYSE:BURL) Rating Increased to Neutral at UBS Group

Burlington Stores (NYSE:BURL) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a $212.00 target price on the stock, up from their prior target price of $126.00. UBS Group’s price objective points to a potential upside of 14.17% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $155.00 to $240.00 in a report on Wednesday, January 17th. Evercore ISI raised their price target on Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 price objective (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average target price of $216.06.

Burlington Stores Stock Up 0.7 %

BURL stock traded up $1.37 during trading on Thursday, reaching $185.68. The stock had a trading volume of 648,616 shares, compared to its average volume of 1,017,087. Burlington Stores has a one year low of $115.66 and a one year high of $232.69. The company’s 50 day moving average is $204.39 and its two-hundred day moving average is $183.51. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 1.07 and a beta of 1.54.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the firm posted $2.96 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts forecast that Burlington Stores will post 7.41 EPS for the current year.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the sale, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at $13,765,542.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Hedge funds and other institutional investors have recently modified their holdings of the company. 1832 Asset Management L.P. boosted its holdings in shares of Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after buying an additional 775,961 shares during the last quarter. Norges Bank purchased a new position in Burlington Stores during the fourth quarter valued at $145,471,000. Cooper Creek Partners Management LLC grew its holdings in Burlington Stores by 716.8% during the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after purchasing an additional 536,038 shares during the period. Bain Capital Public Equity Management II LLC purchased a new stake in Burlington Stores in the fourth quarter worth about $100,164,000. Finally, Los Angeles Capital Management LLC raised its stake in shares of Burlington Stores by 466.1% in the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock worth $114,612,000 after buying an additional 406,426 shares during the period.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise 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.