Analysts Set Burlington Stores, Inc. (NYSE:BURL) Price Target at $308.00

Burlington Stores, Inc. (NYSE:BURL) has been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $308.00.

A number of research firms have issued reports on BURL. The Goldman Sachs Group increased their price target on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group increased their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. TD Cowen lifted their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Bank of America increased their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Evercore ISI raised their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th.

Burlington Stores Trading Up 1.5 %

BURL opened at $285.25 on Wednesday. The stock has a market cap of $18.11 billion, a PE ratio of 39.08, a price-to-earnings-growth 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 has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a fifty day moving average of $270.52 and a 200-day moving average of $259.21.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $0.98 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts predict that Burlington Stores will post 7.93 EPS for the current year.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the transaction, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Institutional investors have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Burlington Stores in the 3rd quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in Burlington Stores in the 2nd quarter valued at $25,000. Brooklyn Investment Group bought a new position in Burlington Stores in the 3rd quarter valued at $33,000. UMB Bank n.a. increased its position in shares of Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after purchasing an additional 141 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 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.