UBS Group Increases Burlington Stores (NYSE:BURL) Price Target to $280.00

Burlington Stores (NYSE:BURL) had its price objective boosted by research analysts at UBS Group from $270.00 to $280.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 2.26% from the stock’s previous close.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Morgan Stanley boosted their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Loop Capital increased their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Monday, August 19th. Finally, The Goldman Sachs Group increased their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus target price of $297.56.

Burlington Stores Trading Up 2.4 %

BURL traded up $6.30 during mid-day trading on Thursday, hitting $273.82. The stock had a trading volume of 36,219 shares, compared to its average volume of 883,579. Burlington Stores has a 1-year low of $128.57 and a 1-year high of $282.49. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 41.18, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The stock’s fifty day simple moving average is $260.58 and its 200-day simple moving average is $243.25.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts forecast that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Crewe Advisors LLC bought a new stake in Burlington Stores during the second quarter worth about $25,000. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores in the third quarter valued at approximately $26,000. Brooklyn Investment Group acquired a new position in Burlington Stores during the third quarter valued at approximately $33,000. ORG Partners LLC bought a new stake in Burlington Stores during the second quarter worth $38,000. Finally, Blue Trust Inc. boosted its holdings in shares of Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after purchasing an additional 161 shares in the last quarter.

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.