Burlington Stores (NYSE:BURL) Stock Price Expected to Rise, TD Cowen Analyst Says

Burlington Stores (NYSE:BURL) had its price objective hoisted by TD Cowen from $334.00 to $339.00 in a research report released on Thursday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group upped 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. Loop Capital upped their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. Robert W. Baird boosted their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Evercore ISI increased their price target on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $308.00.

Burlington Stores Stock Up 0.0 %

BURL stock opened at $289.97 on Thursday. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a 50-day simple moving average of $267.64 and a 200-day simple moving average of $257.77. The stock has a market capitalization of $18.41 billion, a P/E ratio of 39.72, a P/E/G ratio of 1.58 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Equities analysts forecast that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,283 shares of company stock worth $638,628. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds and other institutional investors have recently bought and sold shares of BURL. Sequoia Financial Advisors LLC boosted its stake in shares of Burlington Stores by 2.8% in the second quarter. Sequoia Financial Advisors LLC now owns 2,623 shares of the company’s stock valued at $630,000 after purchasing an additional 71 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Burlington Stores by 31.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,311 shares of the company’s stock valued at $795,000 after buying an additional 789 shares during the period. ORG Partners LLC acquired a new position in shares of Burlington Stores in the second quarter worth $38,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Burlington Stores by 16.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,774 shares of the company’s stock worth $906,000 after acquiring an additional 542 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Burlington Stores by 1,917.3% in the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after acquiring an additional 196,986 shares in the last quarter.

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.