Burlington Stores (NYSE:BURL) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a research report released on Wednesday morning.

A number of other equities research analysts also recently weighed in on the company. TD Cowen raised their price target on Burlington Stores from $209.00 to $257.00 and gave the stock a hold rating in a research note on Friday, May 31st. Barclays raised their price target on Burlington Stores from $252.00 to $274.00 and gave the stock an overweight rating in a research note on Friday, May 31st. Morgan Stanley cut their price target on Burlington Stores from $233.00 to $218.00 and set an overweight rating for the company in a research note on Monday, May 6th. Wells Fargo & Company increased their price objective on Burlington Stores from $275.00 to $300.00 and gave the company an overweight rating in a report on Monday, July 22nd. Finally, Bank of America increased their price objective on Burlington Stores from $250.00 to $275.00 and gave the company a buy rating in a report on Friday, May 31st. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $248.80.

Burlington Stores Stock Down 2.1 %

Shares of Burlington Stores stock opened at $249.84 on Wednesday. Burlington Stores has a 12-month low of $115.66 and a 12-month high of $263.84. The firm has a market capitalization of $15.95 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The stock’s fifty day moving average is $238.54 and its 200-day moving average is $213.32.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business earned $0.84 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts anticipate that Burlington Stores will post 7.61 earnings per share for the current year.

Institutional Trading of Burlington Stores

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its position in shares of Burlington Stores by 77.8% in the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock worth $3,204,000 after acquiring an additional 7,210 shares during the period. Fifth Third Bancorp bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $50,000. State of Michigan Retirement System bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $3,034,000. Arizona State Retirement System lifted its position in shares of Burlington Stores by 0.7% in the 4th quarter. Arizona State Retirement System now owns 17,823 shares of the company’s stock worth $3,466,000 after acquiring an additional 121 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of Burlington Stores by 3.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 25,609 shares of the company’s stock worth $5,046,000 after acquiring an additional 818 shares during the period.

About Burlington Stores

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.