Robert W. Baird Initiates Coverage on Burlington Stores (BURL)

Research analysts at Robert W. Baird initiated coverage on shares of Burlington Stores (NYSE:BURL) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $200.00 price target on the stock. Robert W. Baird’s target price indicates a potential upside of 25.49% from the stock’s current price.

A number of other research analysts have also weighed in on BURL. ValuEngine lowered Burlington Stores from a “buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Co lifted their price target on Burlington Stores from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Wedbush lifted their price target on Burlington Stores from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Zacks Investment Research lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Finally, Deutsche Bank lifted their price objective on Burlington Stores from $164.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Burlington Stores has an average rating of “Buy” and a consensus price target of $177.47.

Shares of NYSE BURL traded up $3.44 during trading on Tuesday, reaching $159.38. 16,581 shares of the stock were exchanged, compared to its average volume of 1,203,234. Burlington Stores has a twelve month low of $134.59 and a twelve month high of $180.27. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 3.05. The stock has a market cap of $10.61 billion, a P/E ratio of 24.75, a PEG ratio of 1.41 and a beta of 0.16.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 7th. The company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.06. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company posted $3.59 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, research analysts expect that Burlington Stores will post 7 EPS for the current fiscal year.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction on Monday, March 11th. The shares were sold at an average price of $143.19, for a total value of $2,863,800.00. Following the transaction, the chief executive officer now owns 306,458 shares in the company, valued at approximately $43,881,721.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Vecchio sold 800 shares of Burlington Stores stock in a transaction on Friday, March 1st. The shares were sold at an average price of $169.75, for a total transaction of $135,800.00. The disclosure for this sale can be found here. Insiders sold 59,531 shares of company stock valued at $8,936,706 in the last quarter. Company insiders own 1.86% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of BURL. Claybrook Capital LLC bought a new stake in Burlington Stores during the fourth quarter valued at $25,000. Shine Investment Advisory Services Inc. boosted its position in shares of Burlington Stores by 101.1% in the first quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock valued at $28,000 after acquiring an additional 91 shares during the period. Pearl River Capital LLC bought a new position in Burlington Stores in the fourth quarter worth $33,000. Huntington National Bank lifted its position in Burlington Stores by 147.2% in the first quarter. Huntington National Bank now owns 220 shares of the company’s stock worth $34,000 after purchasing an additional 131 shares during the period. Finally, Bremer Bank National Association bought a new position in Burlington Stores in the first quarter worth $41,000.

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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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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