Zacks Investment Research cut shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a research report report published on Monday.

According to Zacks, “In an intensely competitive retail landscape, Burlington Stores has made multiple changes to business model to adapt to the ongoing transformation in the sector. The strategic initiatives have aided the company to continue register growth in both the top and bottom lines, which in turn has helped the stock to outpace the industry in a year. Management is confident about posting year-over-year increase in both the top and bottom lines in fiscal 2017. The company now envisions adjusted earnings in the range of $4.23-$4.27 per share up from the prior year figure of $3.24. Notably, the company has increased vendor counts, made technological advancements, initiated better marketing approach and focused on localized assortments. These along with effective inventory management and cost containment efforts have helped elevate gross margin. However, high debt level and macroeconomic factors impacting consumer spending still remain matters of concern.”

Other research analysts also recently issued reports about the stock. BMO Capital Markets restated a buy rating and set a $115.00 target price on shares of Burlington Stores in a research report on Wednesday, September 13th. BidaskClub upgraded shares of Burlington Stores from a sell rating to a hold rating in a research report on Friday, November 3rd. SunTrust Banks boosted their target price on shares of Burlington Stores from $109.00 to $117.00 and gave the company a buy rating in a research report on Wednesday, November 22nd. Cowen set a $105.00 target price on shares of Burlington Stores and gave the company a buy rating in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada restated a buy rating and set a $115.00 target price (up from $104.00) on shares of Burlington Stores in a research report on Wednesday, November 22nd. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $110.49.

Burlington Stores (NYSE BURL) traded down $2.92 during midday trading on Monday, reaching $121.51. 1,054,200 shares of the company were exchanged, compared to its average volume of 1,054,500. The firm has a market capitalization of $8,290.00, a P/E ratio of 31.89, a PEG ratio of 1.66 and a beta of 0.56. Burlington Stores has a 52 week low of $79.07 and a 52 week high of $125.82. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. equities analysts predict that Burlington Stores will post 4.28 earnings per share for the current year.

In other news, insider Fred Hand sold 6,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $102.50, for a total transaction of $615,000.00. Following the completion of the sale, the insider now owns 71,810 shares of the company’s stock, valued at $7,360,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total transaction of $295,152.00. The disclosure for this sale can be found here. Insiders sold 67,701 shares of company stock valued at $7,094,058 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in BURL. Balyasny Asset Management LLC boosted its position in Burlington Stores by 123.3% during the second quarter. Balyasny Asset Management LLC now owns 1,408,518 shares of the company’s stock worth $129,570,000 after acquiring an additional 777,645 shares during the last quarter. Voya Investment Management LLC boosted its position in Burlington Stores by 23.9% during the second quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock worth $264,896,000 after acquiring an additional 554,717 shares during the last quarter. Samlyn Capital LLC boosted its position in Burlington Stores by 89.1% during the second quarter. Samlyn Capital LLC now owns 968,713 shares of the company’s stock worth $89,112,000 after acquiring an additional 456,305 shares during the last quarter. Schroder Investment Management Group acquired a new position in Burlington Stores during the second quarter worth about $28,199,000. Finally, Systematic Financial Management LP boosted its position in Burlington Stores by 318.6% during the third quarter. Systematic Financial Management LP now owns 359,334 shares of the company’s stock worth $34,302,000 after acquiring an additional 273,492 shares during the last quarter.

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Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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