Citigroup Cuts Burlington Stores (NYSE:BURL) Price Target to $340.00

Burlington Stores (NYSE:BURL) had its price objective lowered by Citigroup from $344.00 to $340.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

BURL has been the topic of a number of other research reports. Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a research note on Thursday. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and increased their price target for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Evercore ISI increased their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley increased their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average target price of $323.20.

Burlington Stores Stock Down 6.9 %

Shares of BURL stock opened at $239.98 on Friday. The stock’s 50-day simple moving average is $268.22 and its 200-day simple moving average is $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 firm has a market capitalization of $15.23 billion, a PE ratio of 32.87, a P/E/G 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 issued its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.25 billion. Equities analysts expect that Burlington Stores will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Argonautica Private Wealth Management Inc. increased its stake in Burlington Stores by 1.1% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock worth $1,063,000 after acquiring an additional 39 shares during the last quarter. IFP Advisors Inc increased its stake in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after acquiring an additional 40 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its stake in Burlington Stores by 4.2% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock worth $300,000 after acquiring an additional 42 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after acquiring an additional 46 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after acquiring an additional 47 shares during the last quarter.

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.