TD Cowen Raises Burlington Stores (NYSE:BURL) Price Target to $339.00

Burlington Stores (NYSE:BURL) had its price objective hoisted by investment analysts at TD Cowen from $334.00 to $339.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 16.90% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Bank of America boosted their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. Morgan Stanley lifted their target price on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. UBS Group upped their price target on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $308.00.

Burlington Stores Stock Up 0.0 %

BURL stock opened at $289.99 on Thursday. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64. The company has a 50-day moving average of $267.64 and a two-hundred day moving average of $257.36. Burlington Stores has a 52-week low of $174.64 and a 52-week high of $298.89. 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 announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 EPS. As a group, equities research analysts anticipate that Burlington Stores will post 7.93 EPS for the current year.

Insiders Place Their Bets

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at $17,613,121.59. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,283 shares of company stock valued at $638,628. 0.91% of the stock is currently owned by insiders.

Institutional Trading of Burlington Stores

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after buying an additional 18,160 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Burlington Stores by 9.1% during the second quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock valued at $185,282,000 after acquiring an additional 64,410 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares during the last quarter. Anomaly Capital Management LP boosted its holdings in Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after acquiring an additional 187,760 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Burlington Stores by 2.2% during the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after purchasing an additional 14,080 shares during the last quarter.

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.