Burlington Stores, Inc. (NYSE:BURL) Receives $319.87 Average PT from Analysts

Shares of Burlington Stores, Inc. (NYSE:BURL) have received a consensus recommendation of “Buy” from the fifteen brokerages that are covering the firm, Marketbeat reports. Fifteen analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $323.20.

A number of equities analysts have weighed in on BURL shares. Citigroup cut their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group increased their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday. Evercore ISI increased their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. TD Cowen increased their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Barclays increased their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Argonautica Private Wealth Management Inc. grew its holdings in Burlington Stores by 1.1% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock worth $1,063,000 after acquiring an additional 39 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after buying an additional 40 shares during the period. Legacy Capital Wealth Partners LLC boosted its holdings in shares of Burlington Stores by 4.2% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after buying an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after buying an additional 46 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of Burlington Stores by 1.5% in the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after buying an additional 47 shares during the period.

Burlington Stores Stock Performance

Shares of BURL opened at $239.98 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 1.11 and a beta of 1.73. The company’s 50 day simple moving average is $268.22 and its 200 day simple moving average is $269.56. Burlington Stores has a 1 year low of $174.64 and a 1 year high of $298.89.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, sell-side analysts predict that Burlington Stores will post 7.93 EPS 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.