Evercore ISI Raises Burlington Stores (NYSE:BURL) Price Target to $300.00

Burlington Stores (NYSE:BURL) had its target price increased by Evercore ISI from $274.00 to $300.00 in a research report released on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Gordon Haskett raised shares of Burlington Stores from a hold rating to a buy rating and set a $300.00 price target on the stock in a report on Monday. UBS Group lifted their price target on shares of Burlington Stores from $212.00 to $238.00 and gave the company a neutral rating in a research note on Monday, June 3rd. JPMorgan Chase & Co. boosted their price objective on Burlington Stores from $284.00 to $288.00 and gave the stock an overweight rating in a research note on Monday, July 22nd. StockNews.com lowered shares of Burlington Stores from a buy rating to a hold rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets upped their price target on Burlington Stores from $227.00 to $240.00 and gave the company an outperform rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $262.87.

Burlington Stores Trading Down 1.3 %

Shares of NYSE:BURL opened at $268.26 on Monday. The business’s 50-day moving average is $246.81 and its 200 day moving average is $218.90. Burlington Stores has a 1 year low of $115.66 and a 1 year high of $274.22. The firm has a market capitalization of $17.12 billion, a P/E ratio of 44.93, a P/E/G ratio of 1.36 and a beta of 1.61. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company posted $0.84 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts predict that Burlington Stores will post 7.61 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

Institutional Trading of Burlington Stores

A number of institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $129,730,000. Daiwa Securities Group Inc. increased its position in shares of Burlington Stores by 2.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,728 shares of the company’s stock worth $1,114,000 after purchasing an additional 114 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $1,510,000. Xponance Inc. increased its position in shares of Burlington Stores by 54.5% during the fourth quarter. Xponance Inc. now owns 14,123 shares of the company’s stock worth $2,747,000 after purchasing an additional 4,982 shares in the last quarter. Finally, abrdn plc increased its position in shares of Burlington Stores by 102.1% during the fourth quarter. abrdn plc now owns 22,250 shares of the company’s stock worth $4,327,000 after purchasing an additional 11,241 shares in 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.