Burlington Stores Inc (NYSE:BURL) traded down 5.8% during mid-day trading on Friday . The stock traded as low as $157.49 and last traded at $157.79. 1,124,924 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 999,708 shares. The stock had previously closed at $167.55.

Several equities research analysts have issued reports on the company. Cowen set a $195.00 price target on Burlington Stores and gave the stock a “buy” rating in a report on Tuesday, September 25th. Citigroup increased their price target on Burlington Stores from $158.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, August 31st. MKM Partners set a $174.00 price target on Burlington Stores and gave the stock a “buy” rating in a report on Friday, August 31st. Loop Capital set a $180.00 price target on Burlington Stores and gave the stock a “buy” rating in a report on Thursday, August 30th. Finally, Buckingham Research increased their price target on Burlington Stores from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $178.50.

The company has a quick ratio of 0.24, a current ratio of 1.00 and a debt-to-equity ratio of 5.63. The firm has a market capitalization of $11.21 billion, a PE ratio of 36.11, a PEG ratio of 1.25 and a beta of 0.34.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Wednesday, November 28th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.15. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. Burlington Stores had a return on equity of 293.30% and a net margin of 7.12%. Burlington Stores’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. Equities analysts expect that Burlington Stores Inc will post 6.37 EPS for the current fiscal year.

In other Burlington Stores news, insider Joyce Manning Magrini sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $161.72, for a total value of $404,300.00. Following the completion of the transaction, the insider now directly owns 17,588 shares in the company, valued at $2,844,331.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $168.28, for a total value of $3,365,600.00. Following the completion of the transaction, the chief executive officer now owns 322,973 shares of the company’s stock, valued at $54,349,896.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,142 shares of company stock valued at $14,466,014. 1.91% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of BURL. Synovus Financial Corp grew its stake in Burlington Stores by 244.7% in the third quarter. Synovus Financial Corp now owns 655 shares of the company’s stock valued at $106,000 after purchasing an additional 465 shares in the last quarter. Hexavest Inc. bought a new position in Burlington Stores in the third quarter valued at approximately $109,000. Harvest Fund Management Co. Ltd bought a new position in Burlington Stores in the third quarter valued at approximately $194,000. Comerica Securities Inc. bought a new position in Burlington Stores in the third quarter valued at approximately $200,000. Finally, First Republic Investment Management Inc. bought a new position in Burlington Stores in the second quarter valued at approximately $219,000.

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Burlington Stores Company Profile (NYSE:BURL)

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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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