Burlington Stores (NYSE:BURL) Price Target Raised to $297.00

Burlington Stores (NYSE:BURL) had its target price lifted by Morgan Stanley from $296.00 to $297.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also recently weighed in on the stock. Citigroup decreased their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday. Evercore ISI upped their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Robert W. Baird upped their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $323.20.

Burlington Stores Trading Down 6.9 %

Shares of BURL opened at $239.98 on Friday. The business’s 50-day moving average price is $268.22 and its 200-day moving average price is $269.56. Burlington Stores has a twelve month low of $174.64 and a twelve month high of $298.89. The stock has a market cap of $15.23 billion, a PE ratio of 32.87, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

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

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BURL. Janney Montgomery Scott LLC raised its holdings in Burlington Stores by 90.0% in the third quarter. Janney Montgomery Scott LLC now owns 4,482 shares of the company’s stock worth $1,181,000 after purchasing an additional 2,123 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Burlington Stores by 3,041.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 30,912 shares of the company’s stock valued at $8,145,000 after acquiring an additional 29,928 shares in the last quarter. National Pension Service boosted its position in shares of Burlington Stores by 3.3% during the third quarter. National Pension Service now owns 118,719 shares of the company’s stock valued at $31,280,000 after buying an additional 3,817 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Burlington Stores by 0.6% during the third quarter. Asset Management One Co. Ltd. now owns 23,230 shares of the company’s stock valued at $6,121,000 after buying an additional 129 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Burlington Stores during the third quarter valued at $85,000.

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.