Burlington Stores Price Target Raised to $38.00 at BMO Capital Markets (BURL)
Research analysts at BMO Capital Markets raised their price objective on shares of Burlington Stores (NASDAQ:BURL) from $33.00 to $38.00 in a report released on Thursday. BMO Capital Markets’ price target indicates a potential upside of 16.74% from the company’s current price.
Shares of Burlington Stores (NASDAQ:BURL) traded down 0.55% on Thursday, hitting $32.55. The stock had a trading volume of 271,700 shares. Burlington Stores has a 52-week low of $21.54 and a 52-week high of $33.59. The stock has a 50-day moving average of $31.2 and a 200-day moving average of $28.61. The company’s market cap is $2.411 billion.
Burlington Stores (NASDAQ:BURL) last announced its earnings results on Tuesday, June 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Burlington Stores will post $1.43 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on BURL. Analysts at Buckingham Research initiated coverage on shares of Burlington Stores in a research note on Thursday, July 24th. They set a “buy” rating and a $41.00 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Burlington Stores from $36.00 to $38.00 in a research note on Friday, July 18th. They now have a “not rated” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Burlington Stores to a “buy” rating in a research note on Friday, June 27th. They now have a $38.00 price target on the stock, up previously from $34.00. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Burlington Stores presently has a consensus rating of “Buy” and an average target price of $35.31.
Burlington Stores, Inc is a national off-price retailer of branded apparel, operating 503 stores, inclusive of an Internet store, in 44 states and Puerto Rico.
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