Burlington Stores, Inc. (NYSE:BURL) Receives $246.87 Consensus Target Price from Analysts

Shares of Burlington Stores, Inc. (NYSE:BURL) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $246.87.

BURL has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Evercore ISI boosted their price objective on Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. boosted their price objective on Burlington Stores from $246.00 to $284.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 price objective on shares of Burlington Stores in a research note on Thursday, May 30th.

Burlington Stores Stock Performance

NYSE BURL opened at $235.50 on Wednesday. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 39.45, a PEG ratio of 1.28 and a beta of 1.61. Burlington Stores has a twelve month low of $115.66 and a twelve month high of $245.43. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average of $211.17 and a 200 day moving average of $204.53.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. Burlington Stores’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Sell-side analysts anticipate that Burlington Stores will post 7.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Burlington Stores

Large investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. purchased a new position in Burlington Stores in the third quarter worth approximately $341,000. Envestnet Asset Management Inc. grew its position in Burlington Stores by 85.6% in the third quarter. Envestnet Asset Management Inc. now owns 80,342 shares of the company’s stock worth $10,870,000 after acquiring an additional 37,059 shares during the period. Mariner LLC grew its position in Burlington Stores by 24.7% in the third quarter. Mariner LLC now owns 4,925 shares of the company’s stock worth $666,000 after acquiring an additional 976 shares during the period. Northern Trust Corp grew its position in Burlington Stores by 1.7% in the third quarter. Northern Trust Corp now owns 444,636 shares of the company’s stock worth $60,159,000 after acquiring an additional 7,420 shares during the period. Finally, Operose Advisors LLC purchased a new position in Burlington Stores in the third quarter worth approximately $84,000.

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.