Burlington Stores (NYSE:BURL) Downgraded to Hold at Loop Capital

Burlington Stores (NYSE:BURL) was downgraded by equities research analysts at Loop Capital from a “buy” rating to a “hold” rating in a report released on Thursday, The Fly reports.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group reissued a “buy” rating and issued a $385.00 price target on shares of Burlington Stores in a research note on Friday, July 16th. Berenberg Bank reaffirmed a “hold” rating and set a $333.00 target price on shares of Burlington Stores in a research note on Friday, September 3rd. Robert W. Baird raised their target price on Burlington Stores from $370.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, August 27th. Zacks Investment Research cut Burlington Stores from a “buy” rating to a “hold” rating and set a $350.00 target price for the company. in a research note on Tuesday, August 3rd. Finally, MKM Partners raised their price objective on Burlington Stores from $350.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 27th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Buy” and an average target price of $353.50.

NYSE:BURL opened at $264.17 on Thursday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.02 and a current ratio of 1.48. Burlington Stores has a fifty-two week low of $189.99 and a fifty-two week high of $357.34. The company has a market cap of $17.63 billion, a price-to-earnings ratio of 40.89 and a beta of 0.97. The stock has a fifty day moving average price of $307.06 and a 200-day moving average price of $315.63.

Burlington Stores (NYSE:BURL) last posted its earnings results on Wednesday, August 25th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.50 by $0.44. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.09 billion. Burlington Stores had a return on equity of 100.00% and a net margin of 5.23%. The business’s quarterly revenue was up 119.1% on a year-over-year basis. During the same period last year, the company earned ($0.56) earnings per share. Research analysts predict that Burlington Stores will post 9.1 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC lifted its stake in Burlington Stores by 113.5% during the second quarter. O Shaughnessy Asset Management LLC now owns 111 shares of the company’s stock worth $36,000 after purchasing an additional 59 shares during the last quarter. Emerald Advisers LLC bought a new position in Burlington Stores during the 2nd quarter valued at approximately $37,000. Rockefeller Capital Management L.P. raised its position in Burlington Stores by 110.3% during the 1st quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company’s stock valued at $60,000 after purchasing an additional 107 shares during the last quarter. KB Financial Partners LLC bought a new position in Burlington Stores during the 1st quarter valued at approximately $61,000. Finally, Tradition Wealth Management LLC purchased a new position in shares of Burlington Stores during the 2nd quarter worth approximately $92,000.

About Burlington Stores

Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

Featured Story: What is meant by buying and selling pressure?

The Fly logo

Analyst Recommendations for Burlington Stores (NYSE:BURL)

Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.