Burlington Stores, Inc. (NYSE:BURL) Receives $250.27 Consensus PT from Analysts

Burlington Stores, Inc. (NYSE:BURL) has been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $262.87.

Several brokerages recently commented on BURL. Bank of America boosted their price target on Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Evercore ISI upped their target price on shares of Burlington Stores from $274.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday. Robert W. Baird raised their price target on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. TD Cowen raised shares of Burlington Stores from a “hold” rating to a “buy” rating and upped their price objective for the company from $257.00 to $279.00 in a research note on Friday, August 9th. Finally, UBS Group raised their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd.

Burlington Stores Stock Up 2.8 %

Shares of NYSE BURL opened at $271.49 on Thursday. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of 45.48, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61. The company’s 50-day simple moving average is $246.01 and its 200-day simple moving average is $218.53. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. Burlington Stores has a 52-week low of $115.66 and a 52-week high of $274.22.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm posted $0.84 EPS. Burlington Stores’s revenue was up 10.7% compared to the same quarter last year. Equities analysts predict that Burlington Stores will post 7.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Burlington Stores

Several large investors have recently added to or reduced their stakes in BURL. 1832 Asset Management L.P. grew its stake in Burlington Stores by 300.5% during the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after purchasing an additional 775,961 shares in the last quarter. Norges Bank purchased a new stake in Burlington Stores during the fourth quarter worth approximately $145,471,000. Bain Capital Public Equity Management II LLC acquired a new position in Burlington Stores in the fourth quarter valued at approximately $100,164,000. Los Angeles Capital Management LLC increased its stake in Burlington Stores by 466.1% in the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock valued at $114,612,000 after purchasing an additional 406,426 shares during the last quarter. Finally, Coatue Management LLC acquired a new stake in Burlington Stores during the fourth quarter worth approximately $77,735,000.

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.