Burlington Stores (NYSE:BURL) Stock Price Expected to Rise, Evercore ISI Analyst Says

Burlington Stores (NYSE:BURL) had its target price upped by investment analysts at Evercore ISI from $315.00 to $340.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 17.91% from the company’s current price.

A number of other analysts have also recently commented on the stock. Robert W. Baird upped their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group increased their target price on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Monday, August 19th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Bank of America raised their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $307.69.

Burlington Stores Stock Performance

NYSE:BURL opened at $288.36 on Wednesday. The company has a market capitalization of $18.36 billion, a P/E ratio of 43.36, a P/E/G ratio of 1.48 and a beta of 1.64. The business has a fifty day simple moving average of $262.41 and a two-hundred day simple moving average of $249.71. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. Burlington Stores has a 1 year low of $168.49 and a 1 year high of $298.89.

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

Insider Transactions at Burlington Stores

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 transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

A number of large investors have recently modified their holdings of BURL. RPg Family Wealth Advisory LLC purchased a new stake in Burlington Stores in the third quarter worth approximately $26,000. Crewe Advisors LLC purchased a new stake in shares of Burlington Stores in the 2nd quarter valued at $25,000. Brooklyn Investment Group bought a new position in shares of Burlington Stores during the 3rd quarter valued at $33,000. ORG Partners LLC purchased a new position in Burlington Stores in the 2nd quarter worth $38,000. Finally, UMB Bank n.a. raised its position in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares during the period.

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.