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

Shares of Burlington Stores, Inc. (NYSE:BURL) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $308.00.

Several analysts have issued reports on the stock. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Robert W. Baird increased their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Evercore ISI boosted their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley lifted their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group upped their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on 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 sale, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at $17,613,121.59. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds have recently modified their holdings of BURL. M&T Bank Corp grew its stake in shares of Burlington Stores by 1.5% in the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after purchasing an additional 47 shares during the last quarter. Tributary Capital Management LLC grew its position in shares of Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after buying an additional 50 shares during the last quarter. Signaturefd LLC grew its position in shares of Burlington Stores by 9.1% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after buying an additional 54 shares during the last quarter. Mount Lucas Management LP increased its stake in shares of Burlington Stores by 2.4% during the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after buying an additional 54 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its stake in Burlington Stores by 5.5% in the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock worth $271,000 after acquiring an additional 54 shares during the period.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $285.25 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. 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 stock has a fifty day moving average of $271.18 and a 200-day moving average of $259.78.

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

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.