Burlington Stores, Inc. (NYSE:BURL – Get Rating) has earned an average rating of “Moderate Buy” from the twenty-two brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $239.58.
A number of brokerages recently issued reports on BURL. Cowen downgraded Burlington Stores from an “outperform” rating to a “market perform” rating and set a $175.00 price objective for the company. in a research report on Wednesday, June 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Burlington Stores from $250.00 to $242.00 in a report on Monday, May 16th. Truist Financial dropped their target price on shares of Burlington Stores from $303.00 to $238.00 and set a “buy” rating for the company in a report on Friday, March 4th. Robert W. Baird lowered their price target on Burlington Stores from $275.00 to $205.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Finally, Cowen downgraded Burlington Stores from an “outperform” rating to a “market perform” rating and set a $175.00 price objective on the stock. in a report on Wednesday, June 22nd.
Several large investors have recently modified their holdings of BURL. Quent Capital LLC purchased a new position in shares of Burlington Stores during the fourth quarter worth about $33,000. Emerald Advisers LLC purchased a new position in Burlington Stores during the 4th quarter valued at about $34,000. Column Capital Advisors LLC raised its position in shares of Burlington Stores by 52.8% during the 1st quarter. Column Capital Advisors LLC now owns 220 shares of the company’s stock worth $40,000 after purchasing an additional 76 shares during the last quarter. KB Financial Partners LLC lifted its position in shares of Burlington Stores by 68.8% in the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after acquiring an additional 97 shares in the last quarter. Finally, CWM LLC acquired a new stake in shares of Burlington Stores during the 4th quarter worth about $50,000.
Shares of BURL stock opened at $138.00 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.26 and a quick ratio of 0.53. The company has a market capitalization of $9.12 billion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 2.89 and a beta of 0.78. The firm’s 50-day moving average is $172.28 and its two-hundred day moving average is $207.17. Burlington Stores has a 12 month low of $133.28 and a 12 month high of $357.34.
Burlington Stores (NYSE:BURL – Get Rating) last released its quarterly earnings results on Thursday, May 26th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.10). The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Burlington Stores had a net margin of 2.80% and a return on equity of 60.41%. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.59 EPS. Sell-side analysts forecast that Burlington Stores will post 6.45 EPS for the current year.
Burlington Stores Company Profile (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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