Loop Capital upgraded shares of Burlington Stores (NYSE:BURL) to a buy rating in a research report released on Friday morning, TipRanks reports. Loop Capital currently has $200.00 price objective on the stock.

A number of other research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Burlington Stores from a buy rating to a hold rating in a research note on Thursday, August 1st. Wells Fargo & Co lifted their price target on shares of Burlington Stores from $178.00 to $185.00 and gave the stock an outperform rating in a research note on Friday, June 21st. Credit Suisse Group lifted their price target on shares of Burlington Stores from $175.00 to $185.00 and gave the stock a market outperform rating in a research note on Wednesday, April 24th. OTR Global downgraded shares of Burlington Stores to a positive rating in a research note on Friday, August 9th. Finally, Guggenheim reiterated a hold rating on shares of Burlington Stores in a research note on Thursday, May 30th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $182.67.

Shares of NYSE BURL traded down $4.31 during midday trading on Friday, hitting $167.82. The company’s stock had a trading volume of 1,010,711 shares, compared to its average volume of 1,087,023. The business’s fifty day simple moving average is $176.30 and its two-hundred day simple moving average is $165.31. The company has a debt-to-equity ratio of 11.41, a current ratio of 0.93 and a quick ratio of 0.26. Burlington Stores has a 1 year low of $136.30 and a 1 year high of $184.82. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 1.42 and a beta of 0.27.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts anticipate that Burlington Stores will post 7.01 EPS for the current fiscal year.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $165.16, for a total transaction of $3,303,200.00. Following the sale, the chief executive officer now owns 309,483 shares of the company’s stock, valued at $51,114,212.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Fred Hand sold 6,486 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $178.62, for a total transaction of $1,158,529.32. Following the sale, the insider now directly owns 62,558 shares in the company, valued at approximately $11,174,109.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,458 shares of company stock worth $6,630,907. 1.86% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ increased its stake in Burlington Stores by 0.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 10,692 shares of the company’s stock valued at $1,819,000 after buying an additional 61 shares during the period. Shaker Investments LLC OH increased its stake in Burlington Stores by 0.7% in the 2nd quarter. Shaker Investments LLC OH now owns 9,905 shares of the company’s stock valued at $1,685,000 after buying an additional 70 shares during the period. NEXT Financial Group Inc increased its stake in Burlington Stores by 5.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,403 shares of the company’s stock valued at $239,000 after buying an additional 73 shares during the period. Nisa Investment Advisors LLC increased its stake in Burlington Stores by 2.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,585 shares of the company’s stock valued at $610,000 after buying an additional 85 shares during the period. Finally, Emerald Advisers LLC increased its stake in Burlington Stores by 0.7% in the 1st quarter. Emerald Advisers LLC now owns 13,444 shares of the company’s stock valued at $2,106,000 after buying an additional 87 shares during the period.

About Burlington Stores

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, toys, and gifts, as well as baby, home, and beauty products.

Read More: How to Invest in Marijuana Stocks

Analyst Recommendations for Burlington Stores (NYSE:BURL)

Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.