Barclays Cuts Burlington Stores (NYSE:BURL) Price Target to $254.00

Burlington Stores (NYSE:BURL) had its price objective reduced by Barclays from $329.00 to $254.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research firms also recently weighed in on BURL. JPMorgan Chase & Co. decreased their price target on shares of Burlington Stores from $336.00 to $287.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. UBS Group raised their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Citigroup decreased their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Robert W. Baird lifted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company reduced their target price on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $314.60.

Burlington Stores Stock Up 1.4%

Shares of NYSE BURL opened at $265.20 on Monday. The company’s 50-day simple moving average is $236.11 and its 200-day simple moving average is $259.80. Burlington Stores has a 52-week low of $181.87 and a 52-week high of $298.89. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Equities analysts predict that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In related news, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the transaction, the chief operating officer now owns 22,858 shares in the company, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now owns 70,006 shares of the company’s stock, valued at $16,797,239.64. This trade represents a 6.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Ieq Capital LLC grew its holdings in shares of Burlington Stores by 33.4% in the first quarter. Ieq Capital LLC now owns 4,468 shares of the company’s stock valued at $1,065,000 after purchasing an additional 1,119 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of Burlington Stores by 41.5% in the first quarter. Cramer Rosenthal Mcglynn LLC now owns 86,902 shares of the company’s stock valued at $20,711,000 after purchasing an additional 25,471 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Burlington Stores in the first quarter valued at approximately $991,000. Jump Financial LLC acquired a new position in shares of Burlington Stores in the first quarter valued at approximately $286,000. Finally, Allstate Corp grew its holdings in shares of Burlington Stores by 74.2% in the first quarter. Allstate Corp now owns 3,248 shares of the company’s stock valued at $774,000 after purchasing an additional 1,383 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.