Shares of Burlington Stores, Inc. (NYSE:BURL) have been assigned a consensus rating of “Buy” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $105.59.

A number of brokerages have commented on BURL. Bank of America Corporation increased their target price on Burlington Stores from $110.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Cowen and Company set a $105.00 target price on Burlington Stores and gave the company a “buy” rating in a report on Monday, August 14th. Credit Suisse Group cut Burlington Stores from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $97.00 to $89.00 in a report on Wednesday, August 2nd. BidaskClub raised Burlington Stores from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research raised Burlington Stores from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a report on Friday, June 2nd.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $88.20, for a total value of $1,764,000.00. Following the completion of the sale, the chief executive officer now directly owns 538,308 shares in the company, valued at $47,478,765.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marc Katz sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $87.25, for a total value of $959,750.00. Following the completion of the sale, the chief financial officer now owns 124,555 shares of the company’s stock, valued at $10,867,423.75. The disclosure for this sale can be found here. Insiders sold 60,068 shares of company stock valued at $5,219,566 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of BURL. Nisa Investment Advisors LLC grew its position in shares of Burlington Stores by 54.6% in the first quarter. Nisa Investment Advisors LLC now owns 3,710 shares of the company’s stock valued at $361,000 after purchasing an additional 1,310 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Burlington Stores by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 17,300 shares of the company’s stock valued at $1,682,000 after purchasing an additional 1,300 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Burlington Stores by 1.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 79,474 shares of the company’s stock valued at $7,732,000 after purchasing an additional 981 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Burlington Stores by 59.3% in the first quarter. Bank of New York Mellon Corp now owns 786,363 shares of the company’s stock valued at $76,505,000 after purchasing an additional 292,678 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Burlington Stores by 32.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,890 shares of the company’s stock valued at $281,000 after purchasing an additional 707 shares in the last quarter.

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Burlington Stores (NYSE:BURL) traded down 0.55% during trading on Friday, reaching $88.01. The company’s stock had a trading volume of 980,510 shares. The stock has a 50-day moving average of $85.88 and a 200 day moving average of $92.32. The firm has a market capitalization of $6.00 billion, a P/E ratio of 24.31 and a beta of 0.51. Burlington Stores has a one year low of $68.94 and a one year high of $104.07.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.22. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Burlington Stores had a negative return on equity of 330.30% and a net margin of 4.46%. Burlington Stores’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities research analysts predict that Burlington Stores will post $4.20 EPS for the current fiscal year.

Burlington Stores announced that its board has initiated a share repurchase plan on Thursday, August 24th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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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