Burlington Stores (NYSE:BURL) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Burlington Stores (NYSE:BURL) had its price objective hoisted by equities research analysts at Robert W. Baird from $315.00 to $330.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 15.01% from the company’s current price.

BURL has been the topic of a number of other research reports. TD Cowen increased their price target on Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a research note on Monday. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, August 19th. The Goldman Sachs Group lifted their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Morgan Stanley increased their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $304.50.

Burlington Stores Trading Down 1.6 %

Shares of BURL opened at $286.94 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. Burlington Stores has a 1-year low of $168.49 and a 1-year high of $298.89. The stock has a market cap of $18.27 billion, a price-to-earnings ratio of 43.15, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The firm has a 50 day simple moving average of $261.73 and a 200-day simple moving average of $248.76.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities analysts forecast that Burlington Stores will post 7.94 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Burlington Stores

Several institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Burlington Stores during the third quarter valued at approximately $57,000. Sanctuary Advisors LLC lifted its stake in Burlington Stores by 30.7% during the third quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company’s stock worth $760,000 after purchasing an additional 624 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Burlington Stores by 29.8% in the third quarter. Toronto Dominion Bank now owns 8,062 shares of the company’s stock worth $2,124,000 after purchasing an additional 1,851 shares during the period. Coldstream Capital Management Inc. bought a new stake in Burlington Stores during the third quarter valued at $239,000. Finally, Geode Capital Management LLC lifted its position in shares of Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after buying an additional 18,160 shares during the last quarter.

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.