Burlington Stores (NYSE:BURL) Price Target Raised to $340.00

Burlington Stores (NYSE:BURL) had its target price raised by Evercore ISI from $315.00 to $340.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also commented on BURL. UBS Group raised their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. TD Cowen increased their price target on Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Bank of America upped their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Barclays dropped their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Price Performance

BURL opened at $282.12 on Wednesday. The business has a fifty day moving average of $262.68 and a 200 day moving average of $249.98. The stock has a market cap of $17.96 billion, a P/E ratio of 38.65, a PEG ratio of 1.48 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores has a 52-week low of $168.49 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Burlington Stores will post 7.9 EPS for the current year.

Insider Activity at Burlington Stores

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 value of $472,370.25. Following the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Burlington Stores

A number of institutional investors have recently made changes to their positions in BURL. Sumitomo Mitsui Trust Group Inc. boosted its stake in Burlington Stores by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after purchasing an additional 3,246 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in shares of Burlington Stores during the third quarter worth $764,000. Tidal Investments LLC grew its holdings in shares of Burlington Stores by 178.4% during the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after buying an additional 3,949 shares during the last quarter. Cetera Investment Advisers purchased a new position in Burlington Stores in the 1st quarter worth $2,851,000. Finally, AMF Tjanstepension AB acquired a new stake in Burlington Stores during the 2nd quarter worth about $8,186,000.

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.