Wells Fargo & Co Reiterates $143.00 Price Target for Burlington Stores (BURL)

Burlington Stores (NYSE:BURL) has been given a $143.00 price target by Wells Fargo & Co in a report released on Thursday. The firm currently has a “buy” rating on the stock. Wells Fargo & Co’s price objective points to a potential upside of 13.60% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Deutsche Bank began coverage on Burlington Stores in a research report on Thursday, September 14th. They set a “buy” rating and a $108.00 price target on the stock. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Wednesday, November 1st. Cowen set a $132.00 price target on Burlington Stores and gave the stock a “buy” rating in a research report on Monday, December 11th. Buckingham Research reiterated a “buy” rating and set a $107.00 price target on shares of Burlington Stores in a research report on Thursday, October 19th. Finally, TheStreet upgraded Burlington Stores from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $112.84.

Burlington Stores (BURL) traded up $3.58 during trading on Thursday, reaching $125.88. The company had a trading volume of 1,135,700 shares, compared to its average volume of 1,041,300. The firm has a market capitalization of $8,590.00, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.68 and a beta of 0.56. Burlington Stores has a 12-month low of $79.07 and a 12-month high of $126.69. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. Burlington Stores’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. sell-side analysts anticipate that Burlington Stores will post 4.28 earnings per share for the current fiscal year.

In related news, insider Fred Hand sold 3,501 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $102.75, for a total value of $359,727.75. Following the completion of the sale, the insider now owns 71,810 shares of the company’s stock, valued at $7,378,477.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $122.98, for a total value of $295,152.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,701 shares of company stock worth $9,524,858. Company insiders own 2.60% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Balyasny Asset Management LLC increased its stake in Burlington Stores by 123.3% during the second quarter. Balyasny Asset Management LLC now owns 1,408,518 shares of the company’s stock worth $129,570,000 after acquiring an additional 777,645 shares during the last quarter. Voya Investment Management LLC increased its stake in Burlington Stores by 23.9% during the second quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock worth $264,896,000 after acquiring an additional 554,717 shares during the last quarter. Samlyn Capital LLC increased its stake in Burlington Stores by 89.1% during the second quarter. Samlyn Capital LLC now owns 968,713 shares of the company’s stock worth $89,112,000 after acquiring an additional 456,305 shares during the last quarter. Systematic Financial Management LP increased its stake in Burlington Stores by 318.6% during the third quarter. Systematic Financial Management LP now owns 359,334 shares of the company’s stock worth $34,302,000 after acquiring an additional 273,492 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Burlington Stores during the third quarter worth $23,265,000.

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Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

Analyst Recommendations for Burlington Stores (NYSE:BURL)

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