Burlington Stores, Inc. (NYSE:BURL) Receives $323.20 Average Price Target from Analysts

Burlington Stores, Inc. (NYSE:BURL) has been given an average rating of “Buy” by the fifteen brokerages that are covering the stock, MarketBeat.com reports. Fifteen analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $323.20.

Several research firms have weighed in on BURL. TD Cowen boosted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group increased their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Citigroup reduced their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Barclays increased their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Robert W. Baird upped their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th.

Burlington Stores Stock Up 1.8 %

Shares of NYSE BURL opened at $242.59 on Friday. The stock has a market cap of $15.33 billion, a PE ratio of 33.23, a P/E/G ratio of 1.11 and a beta of 1.73. 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 12-month low of $174.64 and a 12-month high of $298.89. The company has a 50-day moving average of $251.88 and a 200 day moving average of $265.87.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. As a group, sell-side analysts predict that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 4,939 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 5,926 shares of company stock worth $1,461,774 over the last 90 days. Corporate insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Burlington Stores by 43.2% during the fourth quarter. Wellington Management Group LLP now owns 212,950 shares of the company’s stock worth $60,704,000 after purchasing an additional 64,233 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new stake in Burlington Stores during the 4th quarter worth about $19,812,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Burlington Stores during the 4th quarter worth about $11,486,000. Polar Asset Management Partners Inc. increased its holdings in shares of Burlington Stores by 188.7% in the 4th quarter. Polar Asset Management Partners Inc. now owns 52,535 shares of the company’s stock valued at $14,976,000 after acquiring an additional 34,335 shares during the last quarter. Finally, Challenger Wealth Management acquired a new stake in shares of Burlington Stores during the 4th quarter worth about $257,000.

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.