Burlington Stores (NYSE:BURL) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Burlington Stores (NYSE:BURL – Get Rating) in a research note published on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $183.00 target price on the stock.

Other equities analysts have also recently issued reports about the stock. Credit Suisse Group lowered their price objective on shares of Burlington Stores to $215.00 in a research report on Friday, May 27th. Wells Fargo & Company lowered their price objective on shares of Burlington Stores from $210.00 to $200.00 and set an overweight rating for the company in a research report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Burlington Stores from $223.00 to $191.00 in a research report on Friday, May 27th. Cowen cut shares of Burlington Stores from an outperform rating to a market perform rating and set a $175.00 price objective for the company. in a research report on Wednesday, June 22nd. Finally, Barclays upped their price objective on shares of Burlington Stores to $207.00 in a research report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $222.68.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $154.92 on Tuesday. The firm has a 50 day moving average of $153.92 and a 200-day moving average of $186.14. The stock has a market capitalization of $10.24 billion, a PE ratio of 41.42, a PEG ratio of 2.88 and a beta of 0.84. The company has a current ratio of 1.26, a quick ratio of 0.53 and a debt-to-equity ratio of 2.06. Burlington Stores has a 12 month low of $133.28 and a 12 month high of $357.34.

Burlington Stores (NYSE:BURL – Get Rating) last issued its earnings results on Thursday, May 26th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.10). The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $2.02 billion. Burlington Stores had a net margin of 2.80% and a return on equity of 60.41%. Burlington Stores’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.59 earnings per share. On average, equities research analysts predict that Burlington Stores will post 6.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BURL. Quent Capital LLC bought a new position in Burlington Stores during the fourth quarter worth $33,000. Emerald Advisers LLC bought a new position in Burlington Stores during the fourth quarter worth $34,000. Column Capital Advisors LLC boosted its stake in Burlington Stores by 52.8% during the first quarter. Column Capital Advisors LLC now owns 220 shares of the company’s stock worth $40,000 after acquiring an additional 76 shares in the last quarter. KB Financial Partners LLC lifted its stake in shares of Burlington Stores by 68.8% in the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after buying an additional 97 shares in the last quarter. Finally, CWM LLC bought a new position in shares of Burlington Stores in the fourth quarter valued at $50,000.

Burlington Stores Company Profile

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Burlington Stores, Inc operates as a retailer of branded apparel products 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.