Analysts Set Burlington Stores, Inc. (NYSE:BURL) PT at $308.00

Shares of Burlington Stores, Inc. (NYSE:BURL) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $308.00.

Several brokerages have issued reports on BURL. Citigroup lifted their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group lifted their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. 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 report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. Finally, TD Cowen increased their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th.

Burlington Stores Price Performance

BURL stock opened at $285.25 on Wednesday. The firm has a 50-day moving average of $271.18 and a 200 day moving average of $259.78. 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 company has a market cap of $18.11 billion, a P/E ratio of 39.08, a PEG ratio of 1.58 and a beta of 1.64. Burlington Stores has a 1 year low of $174.64 and a 1 year high of $298.89.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. On average, sell-side analysts forecast that Burlington Stores will post 7.93 EPS for the current year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Institutional Trading of Burlington Stores

Several hedge funds have recently bought and sold shares of BURL. Logan Capital Management Inc. grew its position in shares of Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after purchasing an additional 4,695 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Burlington Stores during the third quarter valued at approximately $57,000. Sanctuary Advisors LLC grew its holdings in Burlington Stores by 30.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company’s stock valued at $760,000 after buying an additional 624 shares in the last quarter. Toronto Dominion Bank increased its stake in Burlington Stores by 29.8% in the 3rd quarter. Toronto Dominion Bank now owns 8,062 shares of the company’s stock worth $2,124,000 after acquiring an additional 1,851 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $239,000.

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.