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

Shares of Burlington Stores, Inc. (NYSE:BURL) have been assigned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Fifteen equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $323.20.

BURL has been the topic of a number of research reports. TD Cowen raised their target price 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. Citigroup lowered their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Morgan Stanley increased their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Robert W. Baird boosted their price target on 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 Price Performance

Shares of BURL opened at $242.59 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores has a 1-year low of $174.64 and a 1-year high of $298.89. The stock has a market cap of $15.33 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The firm has a fifty day moving average price of $251.88 and a 200 day moving average price of $265.87.

Burlington Stores (NYSE:BURL) last posted its earnings results 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 business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, sell-side analysts anticipate that Burlington Stores will post 7.93 EPS for the current year.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 5,926 shares of company stock worth $1,461,774 over the last three months. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after acquiring an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores during the third quarter worth $26,000. Fortitude Family Office LLC boosted 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 worth $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Burlington Stores in the fourth quarter valued at $31,000. Finally, Brooklyn Investment Group purchased a new position in shares of Burlington Stores in the third quarter valued at $33,000.

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.