Burlington Stores (NYSE:BURL) Trading Down 6.8% – Time to Sell?

Burlington Stores, Inc. (NYSE:BURL)’s stock price was down 6.8% during trading on Thursday . The stock traded as low as $227.52 and last traded at $226.70. Approximately 278,557 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,106,062 shares. The stock had previously closed at $243.25.

Analysts Set New Price Targets

BURL has been the subject of several analyst reports. UBS Group upped their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Robert W. Baird increased their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Morgan Stanley boosted their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Citigroup lowered their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Evercore ISI lifted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.20.

Burlington Stores Stock Performance

The company has a fifty day moving average of $264.21 and a two-hundred day moving average of $268.57. The stock has a market capitalization of $14.51 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BURL. Janney Montgomery Scott LLC grew its position in shares of Burlington Stores by 90.0% during the third quarter. Janney Montgomery Scott LLC now owns 4,482 shares of the company’s stock worth $1,181,000 after acquiring an additional 2,123 shares during the last quarter. Assetmark Inc. grew its position in Burlington Stores by 3,950.0% in the 3rd quarter. Assetmark Inc. now owns 648 shares of the company’s stock worth $171,000 after purchasing an additional 632 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Burlington Stores by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock valued at $38,350,000 after purchasing an additional 3,246 shares during the period. KBC Group NV raised its holdings in shares of Burlington Stores by 317.6% during the third quarter. KBC Group NV now owns 37,563 shares of the company’s stock valued at $9,897,000 after buying an additional 28,567 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Burlington Stores by 184.9% during the third quarter. Huntington National Bank now owns 265 shares of the company’s stock worth $70,000 after buying an additional 172 shares during the period.

Burlington Stores Company Profile

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.