Burlington Stores (NYSE:BURL) Receives New Coverage from Analysts at Royal Bank of Canada

Royal Bank of Canada began coverage on shares of Burlington Stores (NYSE:BURL) in a research report released on Monday morning, Briefing.com Automated Import reports. The brokerage issued an outperform rating and a $230.00 price target on the stock.

A number of other analysts have also recently issued reports on BURL. Morgan Stanley raised their price objective on Burlington Stores from $168.00 to $225.00 and gave the company an overweight rating in a research report on Friday, August 30th. Loop Capital raised their price objective on Burlington Stores from $200.00 to $215.00 and gave the company a buy rating in a research report on Thursday, August 29th. Telsey Advisory Group set a $210.00 price objective on Burlington Stores and gave the company a hold rating in a research report on Friday, August 30th. ValuEngine lowered Burlington Stores from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Finally, DA Davidson increased their target price on Burlington Stores from $193.00 to $235.00 and gave the stock a buy rating in a research note on Friday, August 30th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $214.22.

Shares of BURL traded up $4.25 during mid-day trading on Monday, reaching $207.25. The company’s stock had a trading volume of 692,885 shares, compared to its average volume of 768,086. Burlington Stores has a 1-year low of $136.30 and a 1-year high of $209.36. The stock has a market cap of $13.51 billion, a P/E ratio of 32.18, a PEG ratio of 1.75 and a beta of 0.22. The business has a 50-day simple moving average of $197.98 and a two-hundred day simple moving average of $180.98. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 9.99.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.21. Burlington Stores had a return on equity of 163.50% and a net margin of 6.11%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm posted $1.09 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Research analysts anticipate that Burlington Stores will post 7.22 EPS for the current year.

In other Burlington Stores news, VP John Crimmins sold 14,253 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $201.65, for a total transaction of $2,874,117.45. Following the transaction, the vice president now owns 23,712 shares in the company, valued at approximately $4,781,524.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William P. Mcnamara sold 828 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $205.54, for a total value of $170,187.12. Following the transaction, the director now owns 7,821 shares in the company, valued at approximately $1,607,528.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,190 shares of company stock worth $19,043,989. Corporate insiders own 1.86% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Lisanti Capital Growth LLC acquired a new stake in shares of Burlington Stores in the 3rd quarter valued at $2,183,000. Trillium Asset Management LLC boosted its holdings in shares of Burlington Stores by 0.5% in the 3rd quarter. Trillium Asset Management LLC now owns 10,721 shares of the company’s stock valued at $2,142,000 after purchasing an additional 55 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in shares of Burlington Stores by 11.2% in the 3rd quarter. Insight Wealth Strategies LLC now owns 11,820 shares of the company’s stock valued at $2,362,000 after purchasing an additional 1,192 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in shares of Burlington Stores by 4.8% in the 3rd quarter. Great Lakes Advisors LLC now owns 101,208 shares of the company’s stock valued at $20,223,000 after purchasing an additional 4,676 shares in the last quarter. Finally, BBVA USA Bancshares Inc. acquired a new stake in shares of Burlington Stores in the 3rd quarter valued at $890,000.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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