Burlington Stores (NYSE:BURL) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Burlington Stores (NYSE:BURLGet Rating) in a research report released on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $183.00 target price on the stock.

BURL has been the topic of a number of other research reports. StockNews.com upgraded Burlington Stores from a sell rating to a hold rating in a report on Sunday, July 17th. OTR Global downgraded Burlington Stores to a positive rating in a report on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft reduced their price target on Burlington Stores from $223.00 to $191.00 in a report on Friday, May 27th. Cowen downgraded Burlington Stores from an outperform rating to a market perform rating and set a $175.00 price target on the stock. in a report on Wednesday, June 22nd. Finally, Cowen cut Burlington Stores from an outperform rating to a market perform rating and set a $175.00 price objective on the stock. in a research report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $222.68.

Burlington Stores Stock Down 1.4 %

BURL opened at $148.05 on Tuesday. The company has a market cap of $9.78 billion, a P/E ratio of 39.59, a P/E/G ratio of 2.62 and a beta of 0.84. The business’s 50-day moving average price is $154.51 and its 200-day moving average price is $187.31. The company has a current ratio of 1.26, a quick ratio of 0.53 and a debt-to-equity ratio of 2.06. Burlington Stores has a 12 month low of $133.28 and a 12 month high of $357.34.

Burlington Stores (NYSE:BURLGet Rating) last released its quarterly earnings data on Thursday, May 26th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.10). The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Burlington Stores had a return on equity of 60.41% and a net margin of 2.80%. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.59 EPS. On average, equities analysts expect that Burlington Stores will post 6.27 EPS for the current year.

Hedge Funds Weigh In On Burlington Stores

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC bought a new position in Burlington Stores in the 4th quarter valued at approximately $33,000. Emerald Advisers LLC purchased a new stake in shares of Burlington Stores in the 4th quarter worth $34,000. Column Capital Advisors LLC increased its stake in shares of Burlington Stores by 52.8% in the 1st quarter. Column Capital Advisors LLC now owns 220 shares of the company’s stock worth $40,000 after purchasing an additional 76 shares in the last quarter. KB Financial Partners LLC increased its stake in shares of Burlington Stores by 68.8% in the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after purchasing an additional 97 shares in the last quarter. Finally, CWM LLC purchased a new stake in shares of Burlington Stores in the 4th quarter worth $50,000.

Burlington Stores Company Profile

(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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