Brokerages Set Burlington Stores, Inc. (NYSE:BURL) Price Target at $319.87

Burlington Stores, Inc. (NYSE:BURL) has received a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Fifteen analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $319.87.

BURL has been the topic of a number of research analyst reports. Barclays cut their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Evercore ISI boosted their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Citigroup boosted their target price on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and boosted their target price for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a research note on Thursday, February 27th.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were 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 directly owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Burlington Stores

A number of institutional investors and hedge funds have recently made changes to their positions in BURL. Argonautica Private Wealth Management Inc. raised its holdings 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 purchasing an additional 39 shares in the last quarter. IFP Advisors Inc raised its holdings 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 purchasing an additional 40 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its holdings 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 purchasing an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings 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 purchasing an additional 46 shares in the last quarter. Finally, M&T Bank Corp raised its holdings 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 purchasing an additional 47 shares in the last quarter.

Burlington Stores Stock Up 3.6 %

BURL stock opened at $238.59 on Monday. The firm has a market cap of $15.15 billion, a PE ratio of 32.68, a PEG ratio of 1.11 and a beta of 1.62. 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’s 50 day moving average price is $271.04 and its 200-day moving average price is $270.02. Burlington Stores has a one year low of $174.64 and a one year high of $298.89.

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.