Burlington Stores (NYSE:BURL) Price Target Raised to $405.00

Burlington Stores (NYSE:BURL) had its price target raised by UBS Group from $360.00 to $405.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently commented on BURL. Robert W. Baird upped their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday. TD Cowen upped their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays upped their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley increased their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores 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 stock has a fifty day moving average of $268.22 and a two-hundred day moving average of $269.56. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market capitalization of $15.23 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores has a fifty-two week low of $174.64 and a fifty-two week high of $298.89.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, analysts forecast that Burlington Stores will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH acquired a new position in shares of Burlington Stores during the fourth quarter valued at approximately $19,812,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Burlington Stores during the fourth quarter valued at approximately $11,486,000. Polar Asset Management Partners Inc. increased its stake in shares of Burlington Stores by 188.7% during the fourth quarter. Polar Asset Management Partners Inc. now owns 52,535 shares of the company’s stock valued at $14,976,000 after acquiring an additional 34,335 shares during the period. Challenger Wealth Management acquired a new position in shares of Burlington Stores during the fourth quarter valued at approximately $257,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Burlington Stores during the fourth quarter valued at approximately $1,288,000.

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.