Burlington Stores became the focus of the research analysts at StockNews.com on Thursday following the publication of a report on the company.
The company suggested a “hold” investment strategy for the stock as an appropriate course of action.
The results report for Burlington Stores (NYSE: BURL), made available to the public on March 2nd, can be found here.
The company announced earnings per share for the quarter of $2.96, which is $0.24 higher than the estimate provided by the market, which was $2.72.
The market estimate was $0.24 lower than the actual earnings per share reported by the company.
The revenue the company brought in for the quarter was $2.74 billion, which is higher than the forecasted amount of $2.61 billion expected to be generated by the company.
The following is a breakdown of the numbers for Burlington Stores: a return on equity of 42.35 percent and a net margin of 2.64 percent. When compared to the performance during the same period in the previous year, the rise in revenue for the quarter was 5.2% higher than the prior year’s level. Compared to the current year, the company had earnings of $2.53 per share during the same period the year before.
This year, Burlington Stores is projected to bring in a profit of $6.02 per share, according to projections provided by sell-side analysts.
On Thursday, the opening price of a share of BURL stock was set at $212.05, and trading began then.
The company has a price-to-earnings ratio of 60.41, a PEG ratio of 1.03, and a beta coefficient of 1.10, all contributing to its market capitalization of $13.90 billion.
The quick ratio is 0.35, the current ratio is 1.12, and the debt-to-equity ratio is 2.29.
All of these numbers are presented as a percentage.
Each of these figures is expressed as a percentage in this table.
The stock is currently trading at a price lower than its 200-day simple moving average and its 50-day simple moving average, each sitting at $178.59 and $222.57, respectively.
Burlington Stores is trading at prices corresponding to its 52-week low of $106.47 and its 52-week high of $239.94.
Those prices have not changed since the beginning of this year.
Several equity analysts have also published reports on the stock in question relatively recently.
In a research note published on January 4th, Loop Capital upgraded Burlington Stores from a “hold” recommendation to a “buy” recommendation, increasing their target price from $105.00 to $200.00.
The target price that Morgan Stanley has set for Burlington Stores, published in a research report on Friday, March 3rd, increased from $219.00 to $233.00 as a direct result of the rise.
The report was made available to the public. OTR Global shifted its stance on shares of Burlington Stores from “neutral” to “positive” in a research report released on February 1st.
In a research report released on Friday, January 13th, Barclays increased its price target on Burlington Stores from $230.00 to $281.00.
The previous target price was $2300.00.
In addition to that, an “overweight” rating was placed on the company’s stock during that period. Citigroup increased its price objective on Burlington Stores shares from $219.00 to $259.00 in a research report published on Monday, February 27th.
This was the last and most important item on the agenda.
The sixteen analysts who were polled all agreed that investors should purchase company shares, while only four said investors should maintain their current holdings.
The company is currently rated as having an average recommendation of “Moderate Buy,” Market analysts have established a consensus price goal of $231.73 for the stock, as indicated by the data provided by Bloomberg.
In recent months, several institutional investors have changed the proportion of BURL holdings they have in their portfolios by either increasing or decreasing the amount of the asset. Natixis has increased its holdings in Burlington Stores by 32.5 percent over the past three months.
After making an additional purchase of 8,000 shares during the most recent quarter, Natixis now has 32,592 shares of the company’s stock, valued at $6,608,000.
This brings the total value of the firm’s holdings to $6,608,000.
The Kentucky Teachers Retirement System created a new position with Burlington Stores that will pay 1,541,000 dollars during the final three months of 2018. Graphene Investments SAS added $2,859,000 more worth of Burlington Stores stock to its portfolio over the final three months of 2018.
During the last three months of the fiscal year, the National Pension Service acquired an additional 4,763.2% stake in Burlington Stores.
The National Pension Service now has 115,891 shares after purchasing an additional 113,508 in the most recent quarter.
The current value of the National Pension Service’s shares is $23,498,000.
The purchase of a new investment in Burlington Stores cost Linden Thomas Advisory Services LLC $392k during the company’s fourth fiscal quarter.
This brings us to the last point we will discuss.
Burlington Stores, INC is the name of a company that provides discounts on a wide variety of products, including apparel and household goods.
In addition to accessories, menswear, footwear, children’s apparel, baby outfits, outerwear, cosmetics, toys, and presents, it offers ready-to-wear clothing for ladies.
In addition, it sells menswear, footwear, and menswear.
Burlington, which is found in New Jersey, is where the company’s headquarters have been and continue to be since it was established in 1972.