Burlington Stores (NYSE:BURL) Price Target Raised to $339.00

Burlington Stores (NYSE:BURL) had its target price upped by TD Cowen from $334.00 to $339.00 in a report released on Thursday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other research firms have also recently commented on BURL. Bank of America increased their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Morgan Stanley increased their price objective on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. 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 research note on Monday, August 19th. The Goldman Sachs Group increased their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two investment 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, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average price target of $308.00.

Burlington Stores Stock Up 0.0 %

Burlington Stores stock opened at $289.97 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market cap of $18.41 billion, a P/E ratio of 39.72, a P/E/G ratio of 1.58 and a beta of 1.64. The business has a fifty day moving average of $267.64 and a two-hundred day moving average of $257.77. Burlington Stores has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the business posted $0.98 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts forecast that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,283 shares of company stock worth $638,628. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in Burlington Stores during the second quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores in the third quarter worth about $26,000. Brooklyn Investment Group purchased a new stake in shares of Burlington Stores during the 3rd quarter worth about $33,000. ORG Partners LLC acquired a new stake in shares of Burlington Stores during the 2nd quarter valued at about $38,000. Finally, Blue Trust Inc. increased its stake in shares of Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after purchasing an additional 161 shares in the last quarter.

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.