OTR Global cut shares of Burlington Stores (NYSE:BURL) to a positive rating in a report issued on Friday, The Fly reports.
Other equities research analysts also recently issued research reports about the company. Wells Fargo & Co increased their price objective on Burlington Stores from $178.00 to $185.00 and gave the company an outperform rating in a research report on Friday, June 21st. ValuEngine downgraded Burlington Stores from a buy rating to a hold rating in a research report on Thursday, August 1st. Loop Capital increased their price objective on Burlington Stores to $200.00 and gave the company a buy rating in a research report on Monday, May 6th. Deutsche Bank increased their price objective on Burlington Stores from $164.00 to $189.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird started coverage on Burlington Stores in a research report on Tuesday, May 14th. They set an outperform rating and a $200.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Burlington Stores has an average rating of Buy and a consensus price target of $182.67.
Shares of NYSE BURL opened at $168.37 on Friday. The firm’s fifty day moving average price is $176.43. The company has a current ratio of 0.93, a quick ratio of 0.26 and a debt-to-equity ratio of 11.41. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.49 and a beta of 0.27. Burlington Stores has a 1 year low of $136.30 and a 1 year high of $184.82.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. Burlington Stores had a return on equity of 186.11% and a net margin of 6.05%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. On average, analysts predict that Burlington Stores will post 7.01 EPS for the current year.
In other news, insider Fred Hand sold 6,486 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $178.62, for a total value of $1,158,529.32. Following the completion of the sale, the insider now owns 62,558 shares in the company, valued at $11,174,109.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $165.16, for a total value of $3,303,200.00. Following the completion of the sale, the chief executive officer now owns 309,483 shares of the company’s stock, valued at approximately $51,114,212.28. The disclosure for this sale can be found here. Insiders sold 32,972 shares of company stock valued at $5,539,767 in the last 90 days. Corporate insiders own 1.86% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BURL. Shine Investment Advisory Services Inc. raised its holdings in shares of Burlington Stores by 101.1% during the first quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock worth $28,000 after acquiring an additional 91 shares in the last quarter. Huntington National Bank raised its holdings in shares of Burlington Stores by 147.2% during the first quarter. Huntington National Bank now owns 220 shares of the company’s stock worth $34,000 after acquiring an additional 131 shares in the last quarter. Bremer Bank National Association purchased a new stake in shares of Burlington Stores during the first quarter worth $41,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Burlington Stores during the second quarter worth $41,000. Finally, Hilton Capital Management LLC purchased a new stake in shares of Burlington Stores during the first quarter worth $68,000.
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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