Burlington Stores (NYSE:BURL) Price Target Raised to $330.00

Burlington Stores (NYSE:BURL) had its price objective hoisted by Robert W. Baird from $315.00 to $330.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on BURL. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a report on Monday, August 19th. UBS Group increased their price objective on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Telsey Advisory Group restated an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a report on Tuesday. The Goldman Sachs Group upped their target price on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company lifted their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $307.69.

Burlington Stores Trading Down 2.2 %

Burlington Stores stock opened at $282.12 on Wednesday. Burlington Stores has a 12-month low of $168.49 and a 12-month high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.48. The stock has a market capitalization of $17.96 billion, a PE ratio of 38.65, 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 $262.68 and a 200-day simple moving average of $249.98.

Burlington Stores (NYSE:BURL) last released its 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. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts expect that Burlington Stores will post 7.9 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Burlington Stores in the third quarter worth about $57,000. Sanctuary Advisors LLC raised its stake in shares of Burlington Stores by 30.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company’s stock valued at $760,000 after acquiring an additional 624 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Burlington Stores by 29.8% in the 3rd 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 last quarter. Coldstream Capital Management Inc. acquired a new stake in Burlington Stores in the 3rd quarter worth approximately $239,000. Finally, Geode Capital Management LLC boosted its position in Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after purchasing an additional 18,160 shares during the period.

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.