Burlington Stores (NYSE:BURL) PT Raised to $327.00

Burlington Stores (NYSE:BURL) had its target price hoisted by equities research analysts at Barclays from $274.00 to $327.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 22.85% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. UBS Group increased their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. TD Cowen increased their price objective on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley boosted their target price on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets increased 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. Finally, The Goldman Sachs Group lifted their price objective on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $292.63.

Burlington Stores Trading Down 0.4 %

Shares of BURL stock traded down $1.00 on Friday, hitting $266.17. The stock had a trading volume of 314,286 shares, compared to its average volume of 914,902. The company’s 50 day moving average price is $251.63 and its 200-day moving average price is $221.96. Burlington Stores has a 1 year low of $115.66 and a 1 year high of $282.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. The firm has a market capitalization of $16.99 billion, a P/E ratio of 44.29, a P/E/G ratio of 1.36 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.38. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. Analysts anticipate that Burlington Stores will post 7.61 earnings per share for the current year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares in the company, valued at approximately $15,809,190.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Burlington Stores

A number of large investors have recently bought and sold shares of BURL. Crewe Advisors LLC acquired a new stake in Burlington Stores during the 2nd quarter worth approximately $25,000. ORG Partners LLC purchased a new position in Burlington Stores in the 2nd quarter valued at $38,000. Rise Advisors LLC purchased a new position in Burlington Stores in the 1st quarter valued at $40,000. GAMMA Investing LLC acquired a new position in Burlington Stores in the 4th quarter valued at $41,000. Finally, Blue Trust Inc. raised its position in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after buying an additional 161 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.