Burlington Stores, Inc. (NYSE:BURL) Receives $294.94 Consensus Price Target from Analysts

Burlington Stores, Inc. (NYSE:BURL) has been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $294.94.

BURL has been the subject of a number of research reports. Barclays boosted their target price on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. UBS Group upped their price target on Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $300.00 price target on shares of Burlington Stores in a report on Thursday, August 29th. TD Cowen upped their price target on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Evercore ISI upped their price target on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th.

Insider Transactions at Burlington Stores

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BURL. GAMMA Investing LLC boosted its stake in Burlington Stores by 20.4% during the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after buying an additional 53 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Burlington Stores by 3.4% in the 1st quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock valued at $386,000 after purchasing an additional 54 shares during the period. Signaturefd LLC boosted its position in shares of Burlington Stores by 9.1% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after purchasing an additional 54 shares during the period. Cetera Investment Advisers boosted its position in shares of Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock valued at $2,962,000 after purchasing an additional 61 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in shares of Burlington Stores by 6.5% in the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock valued at $256,000 after purchasing an additional 65 shares during the period.

Burlington Stores Stock Up 0.8 %

Shares of NYSE:BURL opened at $277.45 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores has a 1 year low of $115.66 and a 1 year high of $282.49. The stock has a market capitalization of $17.66 billion, a P/E ratio of 46.47, a PEG ratio of 1.37 and a beta of 1.64. The stock has a 50-day simple moving average of $258.20 and a 200-day simple moving average of $227.61.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts forecast that Burlington Stores will post 7.86 earnings per share for the current year.

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.