Loop Capital Raises Burlington Stores (NYSE:BURL) Price Target to $345.00

Burlington Stores (NYSE:BURL) had its target price raised by Loop Capital from $270.00 to $345.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

BURL has been the topic of a number of other reports. Citigroup increased their price target on Burlington Stores from $258.00 to $276.00 and gave the stock a buy rating in a research report on Friday, May 31st. BMO Capital Markets boosted their price objective on Burlington Stores from $227.00 to $240.00 and gave the stock an outperform rating in a research report on Friday, May 31st. Evercore ISI increased their price objective on Burlington Stores from $274.00 to $300.00 and gave the stock an outperform rating in a report on Monday, August 19th. Wells Fargo & Company boosted their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an overweight rating in a research report on Friday, August 23rd. Finally, StockNews.com cut shares of Burlington Stores from a buy rating to a hold rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $294.94.

Burlington Stores Stock Up 0.4 %

Shares of Burlington Stores stock opened at $268.24 on Friday. Burlington Stores has a 1-year low of $115.66 and a 1-year high of $282.49. The company has a market capitalization of $17.12 billion, a PE ratio of 44.93, a P/E/G ratio of 1.40 and a beta of 1.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.52. The business has a 50-day moving average of $252.71 and a 200-day moving average of $223.34.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. Burlington Stores’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. As a group, equities analysts forecast that Burlington Stores will post 7.79 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

A number of hedge funds and other institutional investors have recently made changes to their positions in BURL. Clearbridge Investments LLC increased its holdings in Burlington Stores by 2.2% in the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after buying an additional 14,080 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Burlington Stores by 17.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 21,000 shares of the company’s stock worth $5,040,000 after acquiring an additional 3,094 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Burlington Stores by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after purchasing an additional 61 shares during the last quarter. Creative Planning raised its holdings in shares of Burlington Stores by 22.6% during the 2nd quarter. Creative Planning now owns 4,192 shares of the company’s stock valued at $1,006,000 after purchasing an additional 773 shares in the last quarter. Finally, Scientech Research LLC lifted its stake in shares of Burlington Stores by 181.4% in the 2nd quarter. Scientech Research LLC now owns 5,464 shares of the company’s stock valued at $1,311,000 after purchasing an additional 3,522 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.