Burlington Stores (NYSE:BURL) Price Target Raised to $405.00 at UBS Group

Burlington Stores (NYSE:BURL) had its price target lifted by UBS Group from $360.00 to $405.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

BURL has been the subject of several other reports. TD Cowen boosted their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a report on Thursday. Robert W. Baird upped their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup cut their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday. Finally, Evercore ISI boosted their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and a consensus target price of $323.20.

Burlington Stores Price Performance

Burlington Stores stock opened at $239.98 on Friday. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89. The business has a 50-day simple moving average of $269.26 and a 200 day simple moving average of $269.71. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. On average, research analysts forecast that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Large investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its holdings in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in shares of Burlington Stores during the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC raised its position in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores in the 4th quarter valued at approximately $31,000. Finally, Brooklyn Investment Group bought a new stake in shares of Burlington Stores during the 3rd quarter valued at $33,000.

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.