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

Burlington Stores (NYSE:BURL) had its target price upped by UBS Group from $360.00 to $405.00 in a report released on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities analysts have also commented on BURL. Robert W. Baird raised their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays lifted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup decreased their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research note on Thursday. Finally, TD Cowen lifted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Burlington Stores Trading Down 6.9 %

Burlington Stores stock opened at $239.98 on Friday. The company has a 50 day moving average price of $268.22 and a 200 day moving average price of $269.56. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89. 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 has a market capitalization of $15.23 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Research analysts forecast that Burlington Stores will post 7.93 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Burlington Stores during the fourth quarter valued at about $227,268,000. Massachusetts Financial Services Co. MA raised its position in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after buying an additional 666,934 shares during the last quarter. Capital International Investors raised its position in shares of Burlington Stores by 7.7% during the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock valued at $1,470,929,000 after buying an additional 367,703 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Burlington Stores by 55.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company’s stock valued at $191,560,000 after buying an additional 240,144 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new position in shares of Burlington Stores during the fourth quarter valued at about $67,075,000.

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.