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

Burlington Stores, Inc. (NYSE:BURL) has been assigned a consensus recommendation of “Buy” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Fifteen research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have covered the stock in the last year is $323.20.

Several analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday. Telsey Advisory Group restated an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday. TD Cowen boosted their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays boosted their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Evercore ISI boosted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc grew its position in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores during the third quarter valued at approximately $26,000. Fortitude Family Office LLC grew its position in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores during the fourth quarter valued at approximately $31,000. Finally, Brooklyn Investment Group purchased a new position in Burlington Stores during the third quarter valued at approximately $33,000.

Burlington Stores Trading Down 6.9 %

Shares of NYSE:BURL opened at $239.98 on Monday. The company has a market cap of $15.23 billion, a PE ratio of 32.87, a P/E/G ratio of 1.11 and a beta of 1.73. The company’s 50-day moving average price is $268.22 and its 200 day moving average price is $269.56. Burlington Stores has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.32. The firm 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%. Sell-side analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current year.

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.