Burlington Stores (NYSE:BURL) Sets New 12-Month High at $232.16

Burlington Stores, Inc. (NYSE:BURLGet Free Report)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $232.16 and last traded at $231.29, with a volume of 144895 shares changing hands. The stock had previously closed at $230.62.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BURL. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 target price (up from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Evercore ISI increased their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $210.69.

Read Our Latest Research Report on BURL

Burlington Stores Price Performance

The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The company’s 50 day moving average is $207.19 and its 200 day moving average is $173.56. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 1.34 and a beta of 1.48.

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

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the firm’s stock in a transaction dated 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 transaction, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Hedge funds have recently modified their holdings of the stock. Salem Investment Counselors Inc. boosted its position in shares of Burlington Stores by 58.2% in the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. Natixis acquired a new position in Burlington Stores during the second quarter valued at approximately $27,000. Lindbrook Capital LLC lifted its position in Burlington Stores by 114.6% during the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. Quarry LP acquired a new position in Burlington Stores during the first quarter valued at approximately $39,000. Finally, GAMMA Investing LLC acquired a new position in Burlington Stores during the fourth quarter valued at approximately $41,000.

Burlington Stores Company Profile

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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.

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