Burlington Stores (NYSE:BURL) Upgraded to “Neutral” by UBS Group

UBS Group upgraded shares of Burlington Stores (NYSE:BURL) from a sell rating to a neutral rating in a research note published on Thursday, Marketbeat.com reports. UBS Group currently has $212.00 price objective on the stock, up from their previous price objective of $126.00.

BURL has been the subject of several other research reports. Telsey Advisory Group reaffirmed an outperform rating and set a $250.00 price target (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Evercore ISI upped their target price on Burlington Stores from $220.00 to $235.00 and gave the stock an outperform rating in a report on Friday, February 23rd. Piper Sandler upgraded Burlington Stores from a neutral rating to an overweight rating and raised their price target for the company from $155.00 to $240.00 in a research note on Wednesday, January 17th. Finally, StockNews.com upgraded Burlington Stores from a hold rating to a buy rating in a report on Saturday, March 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores presently has an average rating of Moderate Buy and an average target price of $216.06.

Burlington Stores Trading Up 0.7 %

Shares of NYSE BURL opened at $185.68 on Thursday. Burlington Stores has a fifty-two week low of $115.66 and a fifty-two week high of $232.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 1.08 and a beta of 1.54. The business’s 50 day moving average price is $204.39 and its 200-day moving average price is $184.34.

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

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BURL. Geneva Capital Management LLC grew its stake in shares of Burlington Stores by 0.4% during the first quarter. Geneva Capital Management LLC now owns 114,485 shares of the company’s stock worth $26,582,000 after acquiring an additional 411 shares during the last quarter. GSA Capital Partners LLP grew its position in Burlington Stores by 13.1% during the 1st quarter. GSA Capital Partners LLP now owns 2,839 shares of the company’s stock worth $659,000 after purchasing an additional 329 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Burlington Stores during the 1st quarter valued at approximately $660,000. Jennison Associates LLC raised its holdings in shares of Burlington Stores by 13.4% in the first quarter. Jennison Associates LLC now owns 520,505 shares of the company’s stock worth $120,856,000 after buying an additional 61,639 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Burlington Stores by 3.5% during the first quarter. Daiwa Securities Group Inc. now owns 5,928 shares of the company’s stock worth $1,377,000 after buying an additional 200 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.