Burlington Stores (NYSE:BURL) Price Target Lowered to $340.00 at Citigroup

Burlington Stores (NYSE:BURL) had its price objective lowered by equities research analysts at Citigroup from $344.00 to $340.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 32.49% from the company’s current price.

BURL has been the subject of a number of other research reports. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. TD Cowen upped their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a report on Thursday. Robert W. Baird raised their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Evercore ISI boosted their target price 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. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.73.

Burlington Stores Trading Up 8.3 %

NYSE:BURL opened at $256.63 on Friday. The company has a market capitalization of $16.29 billion, a P/E ratio of 35.16, a P/E/G ratio of 1.11 and a beta of 1.62. The stock’s 50 day moving average price is $270.03 and its 200 day moving average price is $269.80. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, research analysts forecast that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BURL. Capital International Investors raised its holdings in shares of Burlington Stores by 7.7% in the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock worth $1,470,929,000 after buying an additional 367,703 shares in the last quarter. SRS Investment Management LLC lifted its holdings in shares of Burlington Stores by 10.8% during the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock valued at $362,146,000 after acquiring an additional 123,973 shares during the period. Geode Capital Management LLC boosted its stake in shares of Burlington Stores by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock valued at $308,403,000 after purchasing an additional 8,892 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of Burlington Stores by 23.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock worth $299,772,000 after purchasing an additional 197,187 shares in the last quarter. Finally, Anomaly Capital Management LP lifted its holdings in Burlington Stores by 21.9% during the 4th quarter. Anomaly Capital Management LP now owns 961,281 shares of the company’s stock valued at $274,023,000 after purchasing an additional 172,431 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.