Burlington Stores (NYSE:BURL) Price Target Raised to $310.00 at The Goldman Sachs Group

Burlington Stores (NYSE:BURL) had its price objective increased by The Goldman Sachs Group from $278.00 to $310.00 in a research note published on Friday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on BURL. Telsey Advisory Group reaffirmed an outperform rating and set a $300.00 price target on shares of Burlington Stores in a report on Thursday, August 29th. Barclays raised their target price on shares of Burlington Stores from $252.00 to $274.00 and gave the company an overweight rating in a research report on Friday, May 31st. UBS Group upped their price target 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. Morgan Stanley increased their price target on Burlington Stores from $284.00 to $300.00 and gave the company an overweight rating in a research note on Friday. Finally, Evercore ISI boosted their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an outperform rating in a research report on Friday. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $294.94.

Burlington Stores Stock Up 0.4 %

NYSE BURL opened at $268.24 on Friday. The business has a fifty day moving average price of $252.71 and a two-hundred day moving average price of $223.34. The stock has a market capitalization of $17.12 billion, a PE ratio of 44.93, a PEG ratio of 1.40 and a beta of 1.61. Burlington Stores has a fifty-two week low of $115.66 and a fifty-two week high of $282.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.52.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the company earned $0.60 EPS. Burlington Stores’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts expect that Burlington Stores will post 7.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Burlington Stores

A number of institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Burlington Stores during the fourth quarter worth $129,730,000. CWM LLC grew its holdings in Burlington Stores by 10.5% during the 4th quarter. CWM LLC now owns 1,346 shares of the company’s stock worth $262,000 after acquiring an additional 128 shares during the period. GAMMA Investing LLC bought a new position in shares of Burlington Stores in the 4th quarter worth about $41,000. Truist Financial Corp raised its position in shares of Burlington Stores by 6.9% in the 4th quarter. Truist Financial Corp now owns 19,031 shares of the company’s stock worth $3,701,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Burlington Stores by 34.0% in the 4th quarter. Victory Capital Management Inc. now owns 28,989 shares of the company’s stock valued at $5,638,000 after purchasing an additional 7,349 shares during the period.

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.