Robert W. Baird Forecasts Strong Price Appreciation for Burlington Stores (NYSE:BURL) Stock

Burlington Stores (NYSE:BURL) had its target price boosted by Robert W. Baird from $315.00 to $330.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. The Goldman Sachs Group boosted their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Citigroup increased their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Loop Capital boosted their price target on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Trading Down 2.2 %

Shares of NYSE:BURL opened at $282.12 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.48 and a current ratio of 1.17. The stock’s 50-day moving average is $262.68 and its 200-day moving average is $249.98. The company has a market cap of $17.96 billion, a P/E ratio of 38.65, a P/E/G ratio of 1.48 and a beta of 1.64. Burlington Stores has a 52-week low of $168.49 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Equities research analysts predict that Burlington Stores will post 7.9 earnings per share for the current year.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after acquiring an additional 18,160 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Burlington Stores by 9.1% during the second quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock worth $185,282,000 after purchasing an additional 64,410 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. Anomaly Capital Management LP increased its holdings in shares of Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after purchasing an additional 187,760 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in Burlington Stores by 2.2% in the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after purchasing an additional 14,080 shares during 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.