Traders Purchase High Volume of Call Options on Burlington Stores (NYSE:BURL)

Burlington Stores, Inc. (NYSE:BURLGet Rating) saw unusually large options trading on Monday. Stock traders bought 7,172 call options on the company. This represents an increase of 111% compared to the typical daily volume of 3,402 call options.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays decreased their price target on Burlington Stores from $176.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, August 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Burlington Stores from $177.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, November 14th. Robert W. Baird increased their price objective on Burlington Stores from $200.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. William Blair assumed coverage on Burlington Stores in a research note on Friday, August 26th. They issued an “outperform” rating on the stock. Finally, Cowen reduced their price objective on Burlington Stores from $175.00 to $160.00 and set a “market perform” rating on the stock in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.68.

Burlington Stores Stock Performance

NYSE BURL opened at $157.64 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 1.20 and a debt-to-equity ratio of 2.32. Burlington Stores has a 52-week low of $106.47 and a 52-week high of $304.17. The business’s 50-day moving average price is $130.65 and its 200 day moving average price is $147.61. The firm has a market cap of $10.33 billion, a P/E ratio of 65.14 and a beta of 1.00.

Burlington Stores (NYSE:BURLGet Rating) last released its quarterly earnings results on Thursday, August 25th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. Burlington Stores had a return on equity of 45.72% and a net margin of 1.85%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company posted $1.94 earnings per share. The business’s revenue was down 10.3% on a year-over-year basis. On average, equities research analysts expect that Burlington Stores will post 3.98 earnings per share for the current year.

Institutional Investors Weigh In On Burlington Stores

A number of institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in Burlington Stores by 5.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,712,590 shares of the company’s stock valued at $1,323,146,000 after purchasing an additional 491,363 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Burlington Stores by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,884,904 shares of the company’s stock valued at $1,072,053,000 after acquiring an additional 33,036 shares during the period. Capital Research Global Investors lifted its position in shares of Burlington Stores by 11.4% during the 1st quarter. Capital Research Global Investors now owns 3,658,689 shares of the company’s stock valued at $666,555,000 after acquiring an additional 374,400 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Burlington Stores by 17.1% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,408,490 shares of the company’s stock valued at $464,339,000 after acquiring an additional 498,591 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Burlington Stores by 6.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,037,825 shares of the company’s stock valued at $189,062,000 after acquiring an additional 63,098 shares during the period. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Burlington Stores Company Profile

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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.

Further Reading

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