Burlington Stores (NYSE:BURL) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a report issued on Thursday, ValuEngine reports.

Other equities research analysts also recently issued reports about the stock. Wedbush increased their price objective on shares of Burlington Stores from $155.00 to $162.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. Deutsche Bank increased their price objective on shares of Burlington Stores from $164.00 to $189.00 and gave the stock a buy rating in a research note on Wednesday, April 24th. Credit Suisse Group increased their price objective on shares of Burlington Stores from $175.00 to $185.00 and gave the stock a market outperform rating in a research note on Wednesday, April 24th. Robert W. Baird started coverage on shares of Burlington Stores in a research note on Tuesday, May 14th. They set an outperform rating and a $200.00 price objective on the stock. Finally, Wells Fargo & Co increased their price objective on shares of Burlington Stores from $178.00 to $185.00 and gave the stock an outperform rating in a research note on Friday, June 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Burlington Stores has a consensus rating of Buy and a consensus target price of $182.67.

Burlington Stores stock traded down $5.52 during trading hours on Thursday, reaching $171.27. 448,066 shares of the stock were exchanged, compared to its average volume of 707,230. The company has a market cap of $11.73 billion, a P/E ratio of 26.59, a P/E/G ratio of 1.48 and a beta of 0.27. The company has a debt-to-equity ratio of 11.41, a quick ratio of 0.26 and a current ratio of 0.93. Burlington Stores has a twelve month low of $136.30 and a twelve month high of $184.82. The stock has a 50 day moving average price of $176.05.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.26. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. On average, sell-side analysts predict that Burlington Stores will post 7.01 earnings per share for the current year.

In other news, EVP Joyce Manning Magrini sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $158.54, for a total value of $3,487,880.00. Following the sale, the executive vice president now directly owns 29,610 shares in the company, valued at approximately $4,694,369.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $164.35, for a total transaction of $3,287,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,456 shares of company stock worth $13,336,396. 1.86% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. boosted its position in Burlington Stores by 101.1% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock worth $28,000 after buying an additional 91 shares during the period. Huntington National Bank boosted its position in Burlington Stores by 147.2% during the 1st quarter. Huntington National Bank now owns 220 shares of the company’s stock worth $34,000 after buying an additional 131 shares during the period. Bremer Bank National Association acquired a new stake in Burlington Stores during the 1st quarter worth approximately $41,000. Steward Partners Investment Advisory LLC bought a new position in Burlington Stores during the 2nd quarter worth approximately $41,000. Finally, Hilton Capital Management LLC bought a new position in Burlington Stores during the 1st quarter worth approximately $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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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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