Brokerages Set Burlington Stores, Inc. (NYSE:BURL) Target Price at $313.00

Shares of Burlington Stores, Inc. (NYSE:BURL) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the company, MarketBeat reports. Fifteen research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $317.87.

BURL has been the subject of a number of research reports. Evercore ISI lifted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Citigroup raised their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, 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 report on Wednesday, November 27th.

Burlington Stores Stock Performance

Shares of BURL stock opened at $290.46 on Friday. The stock’s fifty day simple moving average is $284.30 and its 200-day simple moving average is $267.09. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 39.79, a P/E/G ratio of 1.54 and a beta of 1.63. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores has a 1-year low of $174.64 and a 1-year 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 for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, sell-side analysts predict that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after acquiring an additional 18,160 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares during the period. Anomaly Capital Management LP boosted its holdings in Burlington Stores by 34.6% during the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after purchasing an additional 187,760 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Burlington Stores by 2.2% in the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after purchasing an additional 14,080 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Burlington Stores by 54.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after buying an additional 207,959 shares in the last quarter.

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.