Burlington Stores (NYSE:BURL) Sees Strong Trading Volume

Burlington Stores, Inc. (NYSE:BURLGet Rating) saw strong trading volume on Tuesday . 45,237 shares were traded during mid-day trading, a decline of 97% from the previous session’s volume of 1,599,655 shares.The stock last traded at $182.05 and had previously closed at $157.64.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Cowen reduced their target price on Burlington Stores from $175.00 to $160.00 and set a “market perform” rating for the company in a research note on Friday, August 26th. StockNews.com assumed coverage on Burlington Stores in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft increased their price target on Burlington Stores from $157.00 to $214.00 in a research report on Wednesday. Barclays increased their price target on Burlington Stores from $164.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, William Blair assumed coverage on Burlington Stores in a research report on Friday, August 26th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.32.

Burlington Stores Price Performance

The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.42 and a current ratio of 1.20. The stock’s 50 day simple moving average is $132.79 and its two-hundred day simple moving average is $147.90. The firm has a market capitalization of $12.83 billion, a PE ratio of 80.87 and a beta of 1.00.

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

Institutional Trading of Burlington Stores

Institutional investors have recently made changes to their positions in the company. Salem Investment Counselors Inc. raised its position in shares of Burlington Stores by 58.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Burlington Stores during the 3rd quarter valued at approximately $26,000. KB Financial Partners LLC raised its position in shares of Burlington Stores by 68.8% during the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after buying an additional 97 shares during the period. Standard Family Office LLC purchased a new stake in shares of Burlington Stores during the 3rd quarter valued at approximately $27,000. Finally, Column Capital Advisors LLC raised its position in shares of Burlington Stores by 33.2% during the 2nd quarter. Column Capital Advisors LLC now owns 293 shares of the company’s stock valued at $40,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 99.79% of the company’s stock.

About Burlington Stores

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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.

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