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

Burlington Stores (NYSE:BURL) had its price objective hoisted by equities research analysts at Citigroup from $313.00 to $344.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 19.30% from the company’s previous close.

BURL has been the subject of a number of other research reports. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Monday, August 19th. Loop Capital increased their target price on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Robert W. Baird upped their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday. Evercore ISI raised their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Stock Performance

Burlington Stores stock opened at $288.36 on Wednesday. Burlington Stores has a 1-year low of $168.49 and a 1-year high of $298.89. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $18.36 billion, a PE ratio of 43.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The firm’s 50 day simple moving average is $262.41 and its 200 day simple moving average is $249.71.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $2.53 billion for 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 company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. As a group, analysts expect that Burlington Stores will post 7.94 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on 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 directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores in the 3rd quarter worth $26,000. Crewe Advisors LLC purchased a new position in shares of Burlington Stores during the second quarter valued at about $25,000. Brooklyn Investment Group bought a new position in Burlington Stores in the third quarter worth about $33,000. ORG Partners LLC purchased a new stake in Burlington Stores in the second quarter worth about $38,000. Finally, UMB Bank n.a. boosted its position in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 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.