Burlington Stores (NYSE:BURL) Reaches New 52-Week High – Time to Buy?

Burlington Stores, Inc. (NYSE:BURL)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $287.91 and last traded at $283.40, with a volume of 63405 shares trading hands. The stock had previously closed at $272.86.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BURL shares. Citigroup increased their price target on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Morgan Stanley increased their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. UBS Group boosted their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Loop Capital increased their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Barclays lifted their target price on shares of Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $297.56.

Burlington Stores Stock Up 5.0 %

The company has a market cap of $18.25 billion, a price-to-earnings ratio of 41.03, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The business has a 50-day simple moving average of $261.16 and a 200-day simple moving average of $246.53.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank increased its position in Burlington Stores by 29.8% during the third quarter. Toronto Dominion Bank now owns 8,062 shares of the company’s stock worth $2,124,000 after buying an additional 1,851 shares during the period. Coldstream Capital Management Inc. purchased a new position in shares of Burlington Stores during the third quarter worth approximately $239,000. Geode Capital Management LLC raised its position in Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after purchasing an additional 18,160 shares during the last quarter. Vestcor Inc boosted its stake in Burlington Stores by 86.9% during the 3rd quarter. Vestcor Inc now owns 32,914 shares of the company’s stock worth $8,672,000 after purchasing an additional 15,300 shares during the period. Finally, M&T Bank Corp grew its position in Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after purchasing an additional 47 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.