Burlington Stores (NYSE:BURL) Given New $327.00 Price Target at Barclays

Burlington Stores (NYSE:BURL) had its price target upped by Barclays from $274.00 to $327.00 in a report issued on Friday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research firms have also weighed in on BURL. Morgan Stanley lifted their price objective on Burlington Stores from $284.00 to $300.00 and gave the company an overweight rating in a research note on Friday. BMO Capital Markets boosted their price target on Burlington Stores from $227.00 to $240.00 and gave the stock an outperform rating in a research note on Friday, May 31st. Robert W. Baird upped their target price on shares of Burlington Stores from $260.00 to $275.00 and gave the company an outperform rating in a research note on Friday, May 31st. StockNews.com downgraded shares of Burlington Stores from a buy rating to a hold rating in a report on Friday. Finally, Citigroup boosted their price objective on Burlington Stores from $258.00 to $276.00 and gave the company a buy rating in a research report on Friday, May 31st. 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.com, the company has a consensus rating of Moderate Buy and a consensus price target of $294.94.

Burlington Stores Stock Up 0.4 %

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

Burlington Stores (NYSE:BURL) last issued its quarterly 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 firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts expect that Burlington Stores will post 7.79 EPS for the current year.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction 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 owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

Institutional investors have recently modified their holdings of the company. Capital International Investors boosted its holdings in Burlington Stores by 1.5% in the 1st quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock valued at $1,716,986,000 after purchasing an additional 111,526 shares during the period. Vanguard Group Inc. grew its position in Burlington Stores by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock worth $1,211,092,000 after buying an additional 226,804 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Burlington Stores by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock valued at $391,066,000 after acquiring an additional 12,238 shares during the period. 1832 Asset Management L.P. increased its stake in Burlington Stores by 300.5% during the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after acquiring an additional 775,961 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Burlington Stores by 12.8% in the 4th quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock valued at $172,427,000 after acquiring an additional 100,823 shares in 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.