Morgan Stanley Boosts Burlington Stores (NYSE:BURL) Price Target to $297.00

Burlington Stores (NYSE:BURL) had its target price raised by analysts at Morgan Stanley from $296.00 to $297.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 23.76% from the stock’s previous close.

A number of other research firms also recently issued reports on BURL. Barclays increased their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen increased their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird increased their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday. Evercore ISI increased their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, UBS Group increased their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Burlington Stores Trading Down 6.9 %

Shares of BURL stock opened at $239.98 on Friday. The firm’s 50-day simple moving average is $268.22 and its 200-day simple moving average is $269.58. The firm has a market cap of $15.23 billion, a P/E ratio of 32.87, a PEG ratio of 1.11 and a beta of 1.73. Burlington Stores has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities analysts forecast that Burlington Stores will post 7.93 EPS for the current year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

Several large investors have recently added to or reduced their stakes in BURL. IFP Advisors Inc lifted its stake in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores in the third quarter valued at $26,000. Fortitude Family Office LLC lifted its stake in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after buying an additional 55 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in Burlington Stores in the fourth quarter valued at $31,000. Finally, Brooklyn Investment Group bought a new stake in Burlington Stores in the third quarter valued at $33,000.

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.