Barclays Increases Burlington Stores (NYSE:BURL) Price Target to $329.00

Burlington Stores (NYSE:BURL) had its price target raised by Barclays from $317.00 to $329.00 in a report released on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other analysts have also issued reports on the company. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a research note on Thursday. Robert W. Baird lifted their price target on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Citigroup lifted their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley lifted their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

Burlington Stores Stock Down 6.9 %

Shares of BURL opened at $239.98 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores has a 12 month low of $174.64 and a 12 month high of $298.89. The stock’s 50 day moving average is $268.22 and its two-hundred day moving average is $269.56. The firm has a market cap of $15.23 billion, a P/E ratio of 32.87, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Analysts predict 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 493 shares of Burlington Stores stock in a transaction 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 sale, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Burlington Stores by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock valued at $38,350,000 after buying an additional 3,246 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at $764,000. Buckingham Capital Management Inc. grew its stake in shares of Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after buying an additional 10,693 shares in the last quarter. Logan Capital Management Inc. grew its stake in shares of Burlington Stores by 9.1% in the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after buying an additional 4,695 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Burlington Stores by 7.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after buying an additional 26,412 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.