Barclays Has Lowered Expectations for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its price objective cut by Barclays from $329.00 to $254.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. UBS Group upped their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Citigroup dropped their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Wells Fargo & Company dropped their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Robert W. Baird increased their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $314.60.

Burlington Stores Stock Performance

Shares of BURL stock opened at $259.55 on Monday. Burlington Stores has a one year low of $181.87 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a 50 day moving average price of $235.50 and a 200 day moving average price of $259.75. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Sell-side analysts anticipate that Burlington Stores will post 7.93 EPS for the current year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 4,939 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Travis Marquette sold 190 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer now owns 22,858 shares of the company’s stock, valued at $5,431,746.54. This trade represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Burlington Stores by 258.6% during the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Burlington Stores during the 4th quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after acquiring an additional 69 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock valued at $41,000 after acquiring an additional 88 shares during the last quarter.

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.