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Cowen Lowers Burlington Stores (NYSE:BURL) to Market Perform – Defense World

Written by Amanda

Cowen Lowers Burlington Stores (NYSE:BURL) to Market Perform  Defense World

Burlington Stores (NYSE:BURLGet Rating) was downgraded by analysts at Cowen from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, Briefing.com reports. They currently have a $175.00 target price on the stock. Cowen’s price objective would indicate a potential upside of 12.95% from the stock’s current price.

Several other brokerages also recently commented on BURL. Wells Fargo & Company lowered their price objective on shares of Burlington Stores from $275.00 to $235.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. Credit Suisse Group lowered their price target on Burlington Stores to $215.00 in a research report on Friday, May 27th. JPMorgan Chase & Co. cut their price objective on Burlington Stores from $250.00 to $242.00 in a research report on Monday, May 16th. Cowen downgraded Burlington Stores from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Truist Financial dropped their price target on Burlington Stores from $303.00 to $238.00 and set a “buy” rating for the company in a research note on Friday, March 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.74.

Shares of BURL stock opened at $154.94 on Wednesday. The business has a 50-day moving average of $183.39 and a 200 day moving average of $214.39. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.26 and a quick ratio of 0.53. Burlington Stores has a 1-year low of $142.41 and a 1-year high of $357.34. The stock has a market capitalization of $10.24 billion, a PE ratio of 41.43, a P/E/G ratio of 2.75 and a beta of 0.78.

Burlington Stores (NYSE:BURLGet Rating) last issued its earnings results on Thursday, May 26th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.10). Burlington Stores had a return on equity of 60.41% and a net margin of 2.80%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business posted $2.59 EPS. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. Analysts anticipate that Burlington Stores will post 6.6 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $33,000. Emerald Advisers LLC bought a new stake in Burlington Stores in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC bought a new stake in Burlington Stores in the fourth quarter worth $38,000. Dark Forest Capital Management LP purchased a new stake in shares of Burlington Stores in the third quarter worth $39,000. Finally, KB Financial Partners LLC bought a new position in shares of Burlington Stores during the fourth quarter valued at $41,000.

About Burlington Stores (Get Rating)

Burlington Stores, Inc operates as a retailer of branded apparel products 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.

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Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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