Burlington Stores, Inc. (NYSE:BURL) has earned an average rating of “Buy” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $110.49.

Several equities analysts recently issued reports on BURL shares. TheStreet raised shares of Burlington Stores from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. SunTrust Banks set a $109.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research note on Monday, October 16th. Deutsche Bank started coverage on shares of Burlington Stores in a research note on Thursday, September 14th. They set a “buy” rating and a $108.00 price objective on the stock. BMO Capital Markets reissued a “buy” rating and set a $115.00 price objective on shares of Burlington Stores in a research note on Wednesday, September 13th. Finally, Buckingham Research reissued a “buy” rating and set a $107.00 price objective on shares of Burlington Stores in a research note on Thursday, October 19th.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $111.90, for a total transaction of $2,238,000.00. Following the transaction, the chief executive officer now owns 437,608 shares of the company’s stock, valued at $48,968,335.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $94.16, for a total transaction of $225,984.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,701 shares of company stock worth $8,870,690. 2.60% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in shares of Burlington Stores by 106.4% in the second quarter. Prudential Financial Inc. now owns 799,810 shares of the company’s stock worth $73,575,000 after acquiring an additional 412,380 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its position in shares of Burlington Stores by 582.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 483,077 shares of the company’s stock worth $44,438,000 after acquiring an additional 412,262 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Burlington Stores in the third quarter worth $18,202,000. Teacher Retirement System of Texas increased its position in shares of Burlington Stores by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock worth $517,000 after acquiring an additional 41 shares in the last quarter. Finally, 1060 Capital LLC acquired a new stake in shares of Burlington Stores in the second quarter worth $27,597,000.

Shares of Burlington Stores (BURL) traded up $4.27 during midday trading on Monday, hitting $115.82. 1,267,591 shares of the company’s stock traded hands, compared to its average volume of 1,085,515. Burlington Stores has a 12 month low of $79.07 and a 12 month high of $116.56. The stock has a market capitalization of $7,613.06, a P/E ratio of 28.38, a PEG ratio of 1.49 and a beta of 0.56. 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 announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. The company had revenue of $1.44 billion for 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 company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. equities research analysts expect that Burlington Stores will post 4.28 earnings per share for the current fiscal year.

Burlington Stores declared that its board has authorized a share buyback program on Thursday, August 24th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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About Burlington Stores

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.

Analyst Recommendations for Burlington Stores (NYSE:BURL)

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