Brokerages Set Burlington Stores, Inc. (NYSE:BURL) Target Price at $317.87

Burlington Stores, Inc. (NYSE:BURL) has received an average recommendation of “Buy” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $317.87.

A number of brokerages recently weighed in on BURL. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $280.00 to $360.00 in a report on Friday, January 10th. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Evercore ISI upped their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Barclays dropped their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Finally, Morgan Stanley upped their price objective on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th.

Burlington Stores Trading Down 2.3 %

NYSE:BURL opened at $254.02 on Thursday. The firm has a market cap of $16.13 billion, a P/E ratio of 34.80, a PEG ratio of 1.24 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock’s 50 day simple moving average is $285.59 and its 200-day simple moving average is $271.29. Burlington Stores has a 12-month low of $174.64 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 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 for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts anticipate that Burlington Stores will post 7.93 EPS for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 1,481 shares of company stock worth $421,892 over the last three months. 0.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors have recently added to or reduced their stakes in BURL. Massachusetts Financial Services Co. MA increased its stake in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Burlington Stores in the third quarter valued at $239,510,000. Victory Capital Management Inc. increased its stake in Burlington Stores by 52.7% in the fourth quarter. Victory Capital Management Inc. now owns 222,151 shares of the company’s stock valued at $63,326,000 after purchasing an additional 76,684 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Burlington Stores in the fourth quarter valued at $20,965,000. Finally, Raymond James Financial Inc. acquired a new position in Burlington Stores in the fourth quarter valued at $17,330,000.

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.