Burlington Stores (NYSE:BURL) Price Target Raised to $334.00

Burlington Stores (NYSE:BURL) had its price target increased by TD Cowen from $288.00 to $334.00 in a research report sent to investors on Monday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other analysts also recently weighed in on the stock. Loop Capital boosted their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America boosted their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. The Goldman Sachs Group raised their target price on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. UBS Group boosted their price target on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Citigroup raised their price objective on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Stock Performance

Shares of BURL opened at $288.60 on Monday. Burlington Stores has a 12 month low of $168.49 and a 12 month high of $298.89. The stock has a fifty day moving average price of $262.06 and a 200-day moving average price of $249.44. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a market cap of $18.37 billion, a PE ratio of 43.03, a P/E/G ratio of 1.48 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that Burlington Stores will post 7.94 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its stake in shares of Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 shares during the period. AQR Capital Management LLC increased its holdings in Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock worth $59,114,000 after acquiring an additional 238,585 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Burlington Stores by 54.8% during the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after acquiring an additional 207,959 shares during the period. Marshall Wace LLP purchased a new position in Burlington Stores during the second quarter valued at $47,725,000. Finally, Assenagon Asset Management S.A. grew its position 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 purchasing an additional 196,986 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.