UBS Group Issues Positive Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its price target increased by UBS Group from $270.00 to $280.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on BURL. Citigroup raised their price objective on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Loop Capital raised their price target on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a report on Friday, August 30th. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Monday, August 19th. Finally, The Goldman Sachs Group lifted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average target price of $297.56.

Burlington Stores Price Performance

Shares of BURL opened at $268.94 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $260.80 and its 200 day simple moving average is $244.95. Burlington Stores has a 1-year low of $128.57 and a 1-year high of $282.49. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. On average, research analysts forecast that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Capital International Investors increased its stake in Burlington Stores by 1.5% in the first quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock valued at $1,716,986,000 after acquiring an additional 111,526 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Burlington Stores by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock valued at $391,066,000 after purchasing an additional 12,238 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after purchasing an additional 18,160 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Burlington Stores by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock worth $185,282,000 after buying an additional 64,410 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 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.