Burlington Stores (NYSE:BURL) Given New $334.00 Price Target at TD Cowen

Burlington Stores (NYSE:BURL) had its price objective boosted by TD Cowen from $288.00 to $334.00 in a research note issued to investors on Monday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on BURL. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday, August 19th. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Citigroup upped their target price on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company lifted their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Finally, UBS Group upped their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $307.69.

Burlington Stores Stock Up 0.6 %

NYSE BURL opened at $288.60 on Monday. The business has a fifty day moving average price of $262.06 and a 200 day moving average price of $249.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The company has a market cap of $18.37 billion, a P/E ratio of 43.03, a P/E/G ratio of 1.48 and a beta of 1.64. Burlington Stores has a one year low of $168.49 and a one year high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Research analysts anticipate that Burlington Stores will post 7.94 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the firm’s 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 transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Burlington Stores

Hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its holdings in shares of Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares in the last quarter. AQR Capital Management LLC boosted its position in Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after buying an additional 238,585 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after acquiring an additional 207,959 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Burlington Stores during the second quarter worth $47,725,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Burlington Stores by 1,917.3% in the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after acquiring an additional 196,986 shares in 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.