A number of other equity research analysts have also recently published reports on BURL. Morgan Stanley cut its target price on Burlington stores from $329.00 to $315.00 and set an “overweight” rating on the stock in a Friday, May 27 research note. Berenberg Bank reiterated a “buy” rating and issued a target price of $292.00 on Burlington Stores stock in a research note on Wednesday, March 9. Credit Suisse Group cut its price target on shares of Burlington Stores to $215.00 in a Friday May 27 research note. Deutsche Bank Aktiengesellschaft cut its price target on shares of Burlington Stores from $223.00 to $191.00 in a Friday, May 27 research note. Finally, JPMorgan Chase & Co. cut its price target on shares of Burlington Stores from $250.00 to $242.00 in a Monday, May 16 research note. One analyst rated the stock with a sell rating, three gave the company a hold rating and fifteen gave the company a buy rating. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $239.58.
Burlington Store Stock opened at $138.00 on Friday. The company has a market capitalization of $9.12 billion, a PE ratio of 36.90, a P/E/G ratio of 2.89 and a beta of 0.78. The company has a fifty-day moving average price of $172.28 and a two-hundred-day moving average price of $206.67. The company has a debt ratio of 2.06, a current ratio of 1.26 and a quick ratio of 0.53. Burlington Stores has a 12-month low of $133.28 and a 12-month high of $357.34.
Burlington Stores (NYSE: BURL – Get a rating) last released its results on Thursday, May 26. The company reported earnings per share (EPS) of $0.54 for the quarter, missing analyst consensus estimates of $0.64 per ($0.10). The company posted revenue of $1.93 billion in the quarter, versus a consensus estimate of $2.02 billion. Burlington Stores had a net margin of 2.80% and a return on equity of 60.41%. The company’s quarterly revenue fell 12.0% from the same quarter last year. In the same quarter a year earlier, the company posted earnings of $2.59 per share. Equity research analysts expect Burlington Stores to post earnings per share of 6.45 for the current year.
A number of institutional investors and hedge funds have recently changed their stock holdings. Amalgamated Bank increased its stake in Burlington Stores by 24.9% in the first quarter. Amalgamated Bank now owns 7,417 shares of the company worth $1,351,000 after buying an additional 1,481 shares last quarter. Rehmann Capital Advisory Group increased its stake in Burlington Stores by 42.6% in the first quarter. Rehmann Capital Advisory Group now owns 1,706 shares of the company worth $309,000 after purchasing an additional 510 shares in the last quarter. First National Bank of Omaha increased its stake in Burlington Stores by 77.1% in the first quarter. First National Bank of Omaha now owns 10,312 shares of the company worth $1,878,000 after buying 4,488 more shares last quarter. Neuberger Berman Group LLC increased its stake in Burlington Stores by 0.4% in the 1st quarter. Neuberger Berman Group LLC now owns 127,182 shares of the company worth $23,169,000 after purchasing an additional 524 shares last quarter. Finally, Capital Research Global Investors increased its stake in Burlington Stores by 11.4% in the 1st quarter. Capital Research Global Investors now owns 3,658,689 shares of the company worth $666,555,000 after purchasing an additional 374,400 shares in the last quarter.
About Burlington Stores (Get a rating)
Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The Company offers fashion-focused products, including women’s ready-to-wear, men’s wear, youth wear, footwear, accessories, toys, gifts and coats, as well as baby, home and beauty products.
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