Shares of Burlington Stores, Inc. (NYSE:BURL – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $258.10 and last traded at $257.46, with a volume of 586215 shares changing hands. The stock had previously closed at $252.89.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on BURL shares. Bank of America lifted their target price on shares of Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 price objective on shares of Burlington Stores in a research note on Thursday, May 30th. Barclays raised their target price on Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Morgan Stanley reduced their price objective on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $248.80.
Burlington Stores Price Performance
The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. The business has a 50 day simple moving average of $233.32 and a 200-day simple moving average of $211.68. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 42.94, a P/E/G ratio of 1.33 and a beta of 1.61.
Burlington Stores (NYSE:BURL – Get Free Report) last announced its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.38. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. Burlington Stores’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Equities research analysts expect that Burlington Stores, Inc. will post 7.61 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Capital International Investors increased its stake in Burlington Stores by 1.5% in the 1st quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock valued at $1,716,986,000 after buying an additional 111,526 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Burlington Stores by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock valued at $1,211,092,000 after acquiring an additional 226,804 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Burlington Stores by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock valued at $391,066,000 after acquiring an additional 12,238 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Burlington Stores by 300.5% during the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after acquiring an additional 775,961 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Burlington Stores by 12.8% during the fourth quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock worth $172,427,000 after acquiring an additional 100,823 shares during the period.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women’s ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.