Brokerages Set Burlington Stores, Inc. (NYSE:BURL) Target Price at $308.00

Burlington Stores, Inc. (NYSE:BURL) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $308.00.

Several brokerages have issued reports on BURL. TD Cowen lifted their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Loop Capital increased their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Citigroup boosted their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. UBS Group upped their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group raised their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th.

Burlington Stores Stock Up 1.9 %

Shares of NYSE:BURL opened at $289.04 on Wednesday. The company has a market capitalization of $18.35 billion, a PE ratio of 39.59, a P/E/G ratio of 1.58 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company’s fifty day moving average is $272.54 and its 200-day moving average is $260.73. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts predict that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. This represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Several large investors have recently modified their holdings of BURL. M&T Bank Corp increased its position in shares of Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after acquiring an additional 47 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after purchasing an additional 50 shares during the period. Signaturefd LLC increased its holdings in Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after purchasing an additional 54 shares in the last quarter. Mount Lucas Management LP raised its stake in shares of Burlington Stores by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after purchasing an additional 54 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of Burlington Stores by 5.5% in the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after purchasing an additional 54 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.