Burlington Stores, Inc. (NYSE:BURL) Receives $308.00 Consensus Price Target from Brokerages

Shares of Burlington Stores, Inc. (NYSE:BURL) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $308.00.

A number of research analysts have weighed in on the company. Morgan Stanley raised their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group raised their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays dropped their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. UBS Group lifted their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Robert W. Baird boosted their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Institutional investors have recently modified their holdings of the business. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the third quarter worth about $26,000. Crewe Advisors LLC bought a new position in shares of Burlington Stores during the second quarter worth approximately $25,000. Brooklyn Investment Group acquired a new stake in shares of Burlington Stores in the third quarter valued at approximately $33,000. UMB Bank n.a. boosted its stake in shares of Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after buying an additional 141 shares during the period. Finally, Blue Trust Inc. grew its position in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after buying an additional 161 shares in the last quarter.

Burlington Stores Stock Performance

Shares of BURL stock opened at $289.04 on Wednesday. Burlington Stores has a 12 month low of $174.64 and a 12 month high of $298.89. The company’s fifty day simple moving average is $272.54 and its 200-day simple moving average is $260.73. The firm has a market cap of $18.35 billion, a PE ratio of 39.59, a P/E/G ratio of 1.58 and a beta of 1.64. 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 issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. Equities research analysts expect that Burlington Stores will post 7.93 EPS for the current fiscal year.

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.