TD Cowen Increases Burlington Stores (NYSE:BURL) Price Target to $334.00

Burlington Stores (NYSE:BURL) had its target price hoisted by investment analysts at TD Cowen from $288.00 to $334.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective points to a potential upside of 16.40% from the stock’s previous close.

A number of other research firms have also commented on BURL. The Goldman Sachs Group lifted their target price on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Loop Capital lifted their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America lifted their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $300.00 target price on shares of Burlington Stores in a report on Thursday, August 29th. Finally, Wells Fargo & Company lifted their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $301.06.

Burlington Stores Stock Down 1.6 %

BURL stock opened at $286.94 on Monday. Burlington Stores has a twelve month low of $168.49 and a twelve month high of $298.89. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a market cap of $18.27 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.64. The business has a 50 day moving average of $261.73 and a 200 day moving average of $248.76.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the company earned $0.98 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts forecast that Burlington Stores will post 7.94 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

Several large investors have recently made changes to their positions in BURL. Tidal Investments LLC lifted its position in shares of Burlington Stores by 178.4% in the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after acquiring an additional 3,949 shares in the last quarter. Plato Investment Management Ltd lifted its position in shares of Burlington Stores by 928.6% in the first quarter. Plato Investment Management Ltd now owns 1,440 shares of the company’s stock valued at $334,000 after acquiring an additional 1,300 shares in the last quarter. Wahed Invest LLC lifted its position in shares of Burlington Stores by 13.1% in the first quarter. Wahed Invest LLC now owns 1,243 shares of the company’s stock valued at $289,000 after acquiring an additional 144 shares in the last quarter. Swedbank AB purchased a new position in shares of Burlington Stores in the first quarter valued at about $1,101,000. Finally, Cetera Investment Advisers purchased a new position in shares of Burlington Stores in the first quarter valued at about $2,851,000.

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.