Burlington Stores (NYSE:BURL) Given New $315.00 Price Target at Evercore ISI

Burlington Stores (NYSE:BURL) had its price target raised by research analysts at Evercore ISI from $300.00 to $315.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 17.89% from the stock’s previous close.

Several other research firms also recently weighed in on BURL. TD Cowen raised their price objective on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Friday. Barclays increased their price target on shares of Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Finally, Morgan Stanley increased their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $287.93.

Burlington Stores Stock Down 2.1 %

Shares of Burlington Stores stock opened at $267.19 on Friday. The company has a market cap of $17.05 billion, a P/E ratio of 44.76, a PEG ratio of 1.36 and a beta of 1.61. Burlington Stores has a one year low of $115.66 and a one year high of $282.49. The firm has a fifty day moving average of $251.63 and a two-hundred day moving average of $221.96. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.04 by $0.38. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. On average, analysts forecast that Burlington Stores will post 7.61 earnings per share for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds have recently modified their holdings of BURL. Capital International Investors boosted its holdings in shares of Burlington Stores by 1.5% in the first quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock worth $1,716,986,000 after buying an additional 111,526 shares during the period. Vanguard Group Inc. grew its stake in Burlington Stores by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock valued at $1,211,092,000 after acquiring an additional 226,804 shares in the last quarter. Price T Rowe Associates Inc. MD increased 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 during the period. 1832 Asset Management L.P. lifted its position in shares of Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after purchasing an additional 775,961 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Burlington Stores by 12.8% during the fourth quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock worth $172,427,000 after purchasing an additional 100,823 shares during the period.

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.