Robert W. Baird Cuts Burlington Stores (NYSE:BURL) Price Target to $325.00

Burlington Stores (NYSE:BURL) had its price target decreased by Robert W. Baird from $335.00 to $325.00 in a research note released on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Telsey Advisory Group restated an “outperform” rating and set a $300.00 price objective (down previously from $340.00) on shares of Burlington Stores in a report on Thursday. Citigroup decreased their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. Evercore ISI decreased their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an “outperform” rating for the company in a report on Friday. Finally, Barclays raised their price objective on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $317.43.

Burlington Stores Stock Up 0.3%

BURL opened at $228.41 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company’s 50-day moving average is $239.08 and its 200 day moving average is $259.26. Burlington Stores has a fifty-two week low of $212.92 and a fifty-two week high of $298.89. The firm has a market capitalization of $14.39 billion, a P/E ratio of 31.29, a PEG ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.17. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm earned $1.35 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Research analysts expect that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Travis Marquette sold 190 shares of the business’s 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 sale, the chief operating officer now owns 22,858 shares of the company’s stock, valued at $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 4,939 shares of the business’s 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 sale, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Institutional Trading of Burlington Stores

Several hedge funds and other institutional investors have recently modified their holdings of BURL. Vanguard Group Inc. grew its stake in Burlington Stores by 3.4% during the first quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company’s stock valued at $1,573,754,000 after acquiring an additional 219,124 shares in the last quarter. Capital International Investors grew its stake in 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 acquiring an additional 367,703 shares in the last quarter. SRS Investment Management LLC grew its stake in Burlington Stores by 10.8% during the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock valued at $362,146,000 after acquiring an additional 123,973 shares in the last quarter. Geode Capital Management LLC grew its stake in Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock valued at $308,403,000 after acquiring an additional 8,892 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in Burlington Stores by 23.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock valued at $299,772,000 after acquiring an additional 197,187 shares in the last quarter.

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.