TD Cowen Issues Positive Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its target price hoisted by analysts at TD Cowen from $334.00 to $339.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price suggests a potential upside of 16.90% from the company’s previous close.

BURL has been the subject of several other research reports. Barclays decreased their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Loop Capital increased their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America lifted their price objective on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. UBS Group increased their target price on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $308.00.

Burlington Stores Stock Up 0.0 %

Shares of Burlington Stores stock opened at $289.99 on Thursday. Burlington Stores has a 12 month low of $174.64 and a 12 month high of $298.89. The business has a fifty day simple moving average of $267.64 and a 200 day simple moving average of $257.36. 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 stock has a market cap of $18.41 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly 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 company 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%. Burlington Stores’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. Research analysts predict that Burlington Stores will post 7.93 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on 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 transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was 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 this hyperlink. Also, CMO Jennifer Vecchio sold 494 shares of the 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 completion of the transaction, the chief marketing officer now directly owns 59,931 shares in the company, 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. Over the last three months, insiders have sold 2,283 shares of company stock valued at $638,628. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Burlington Stores

A number of institutional investors have recently made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in Burlington Stores during the 2nd quarter worth approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the 3rd quarter worth $26,000. Brooklyn Investment Group bought a new stake in shares of Burlington Stores in the third quarter valued at about $33,000. ORG Partners LLC acquired a new position in shares of Burlington Stores in the second quarter valued at about $38,000. Finally, Blue Trust Inc. increased its position in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares during the period.

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.