Burlington Stores (NYSE:BURL) received a $132.00 price target from equities research analysts at Cowen in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. Cowen’s price objective points to a potential upside of 16.93% from the company’s current price.

A number of other research analysts also recently issued reports on BURL. SunTrust Banks lifted their price objective on shares of Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Monday, November 27th. Telsey Advisory Group lifted their price objective on shares of Burlington Stores from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Morgan Stanley lifted their price objective on shares of Burlington Stores from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $115.00 price objective (up previously from $104.00) on shares of Burlington Stores in a research report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $110.49.

Burlington Stores (NYSE BURL) traded up $2.39 during midday trading on Monday, reaching $112.89. 880,300 shares of the company’s stock were exchanged, compared to its average volume of 1,085,860. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. The stock has a market cap of $7,700.00, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 1.51 and a beta of 0.56. Burlington Stores has a 1-year low of $79.07 and a 1-year high of $114.99.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. equities research analysts expect that Burlington Stores will post 4.27 earnings per share for the current year.

Burlington Stores announced that its board has authorized a stock repurchase program on Thursday, August 24th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $98.51, for a total transaction of $1,970,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $107.75, for a total transaction of $258,600.00. Following the sale, the executive vice president now owns 45,014 shares of the company’s stock, valued at $4,850,258.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,701 shares of company stock worth $6,632,690. 2.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Managed Accounts LLC acquired a new stake in Burlington Stores during the 3rd quarter valued at approximately $114,000. Advisor Group Inc. lifted its stake in Burlington Stores by 9.2% during the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after acquiring an additional 128 shares during the period. Daiwa Securities Group Inc. acquired a new stake in Burlington Stores during the 3rd quarter valued at approximately $143,000. The Manufacturers Life Insurance Company lifted its stake in Burlington Stores by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after acquiring an additional 210 shares during the period. Finally, Vident Investment Advisory LLC acquired a new stake in Burlington Stores during the 3rd quarter valued at approximately $230,000.

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Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

Analyst Recommendations for Burlington Stores (NYSE:BURL)

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