Burlington Stores, Inc. (NYSE:BURL) Receives $317.87 Average PT from Analysts

Burlington Stores, Inc. (NYSE:BURL) has earned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $317.87.

BURL has been the subject of a number of recent research reports. TD Cowen increased their target price on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and increased their target price for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Evercore ISI increased their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley increased their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird increased their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th.

Burlington Stores Stock Performance

Shares of NYSE:BURL opened at $254.02 on Thursday. The firm has a market capitalization of $16.13 billion, a PE ratio of 34.80, a P/E/G ratio of 1.24 and a beta of 1.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The business has a 50-day moving average of $285.59 and a two-hundred day moving average of $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 announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. As a group, research analysts forecast that Burlington Stores will post 7.93 earnings per share for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the transaction, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 1,481 shares of company stock valued at $421,892 in the last quarter. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Several hedge funds have recently made changes to their positions in BURL. Creative Planning lifted its holdings in shares of Burlington Stores by 22.6% in the 2nd quarter. Creative Planning now owns 4,192 shares of the company’s stock worth $1,006,000 after purchasing an additional 773 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after purchasing an additional 61 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Burlington Stores in the 2nd quarter worth approximately $488,000. Handelsbanken Fonder AB lifted its holdings in shares of Burlington Stores by 0.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 16,000 shares of the company’s stock worth $4,216,000 after purchasing an additional 100 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Burlington Stores by 63.6% in the 3rd quarter. GAMMA Investing LLC now owns 512 shares of the company’s stock worth $135,000 after purchasing an additional 199 shares during the last quarter.

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.