Burlington Stores (NYSE:BURL) Price Target Raised to $280.00

Burlington Stores (NYSE:BURL) had its target price increased by UBS Group from $270.00 to $280.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also commented on the company. Loop Capital increased their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Morgan Stanley boosted their price objective on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. boosted their price target on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Finally, Barclays raised their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Two equities 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.56.

Burlington Stores Stock Performance

NYSE:BURL opened at $268.94 on Thursday. The stock has a market capitalization of $17.12 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores has a 1 year low of $128.57 and a 1 year high of $282.49. The firm has a 50 day moving average of $260.80 and a 200-day moving average of $244.95. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Activity

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Capital International Investors boosted its position in Burlington Stores by 1.5% during the 1st quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock worth $1,716,986,000 after acquiring an additional 111,526 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Burlington Stores by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock worth $391,066,000 after purchasing an additional 12,238 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after purchasing an additional 18,160 shares during the last quarter. Bank of New York Mellon Corp grew its position in Burlington Stores by 9.1% in 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 purchasing an additional 64,410 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after buying an additional 666,934 shares during the last quarter.

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.