Burlington Stores (NYSE:BURL) Price Target Raised to $315.00

Burlington Stores (NYSE:BURL) had its price objective hoisted by Evercore ISI from $300.00 to $315.00 in a research report released on Friday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on BURL. BMO Capital Markets lifted their target price on Burlington Stores from $227.00 to $240.00 and gave the company an outperform rating in a report on Friday, May 31st. UBS Group raised their price objective on Burlington Stores from $212.00 to $238.00 and gave the company a neutral rating in a research report on Monday, June 3rd. Telsey Advisory Group reissued an outperform rating and issued a $300.00 price objective on shares of Burlington Stores in a research report on Thursday. Bank of America raised their price objective on Burlington Stores from $250.00 to $275.00 and gave the company a buy rating in a research report on Friday, May 31st. Finally, Wells Fargo & Company raised their price objective on Burlington Stores from $300.00 to $325.00 and gave the company an overweight rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of Moderate Buy and a consensus price target of $294.94.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $268.24 on Friday. Burlington Stores has a twelve month low of $115.66 and a twelve month high of $282.49. The stock has a market capitalization of $17.12 billion, a P/E ratio of 44.93, a PEG ratio of 1.40 and a beta of 1.61. The company has a current ratio of 1.04, a quick ratio of 0.52 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average price is $252.19 and its 200 day moving average price is $222.84.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, research analysts anticipate that Burlington Stores will post 7.79 earnings per share for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crewe Advisors LLC bought a new position in Burlington Stores during the second quarter worth about $25,000. ORG Partners LLC bought a new position in Burlington Stores during the second quarter worth about $38,000. Rise Advisors LLC bought a new position in Burlington Stores during the first quarter worth about $40,000. GAMMA Investing LLC bought a new position in Burlington Stores during the fourth quarter worth about $41,000. Finally, Blue Trust Inc. lifted its stake in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 shares during the period.

About Burlington Stores

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.