Burlington Stores (NYSE:BURL) Given New $329.00 Price Target at Barclays

Burlington Stores (NYSE:BURL) had its price target lifted by research analysts at Barclays from $317.00 to $329.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 37.09% from the stock’s current price.

A number of other brokerages also recently weighed in on BURL. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday. Citigroup boosted their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI increased their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird lifted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.20.

Burlington Stores Trading Down 6.9 %

NYSE:BURL opened at $239.98 on Friday. The firm has a 50-day simple moving average of $268.22 and a 200-day simple moving average of $269.58. Burlington Stores has a one year low of $174.64 and a one year high of $298.89. The firm has a market cap of $15.23 billion, a P/E ratio of 32.87, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Equities analysts anticipate that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Capital International Investors boosted its holdings in Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock valued at $1,470,929,000 after purchasing an additional 367,703 shares during the last quarter. SRS Investment Management LLC boosted its stake in shares of Burlington Stores by 10.8% in the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock worth $362,146,000 after buying an additional 123,973 shares during the last quarter. Geode Capital Management LLC grew its holdings in Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock worth $308,403,000 after acquiring an additional 8,892 shares during the period. Alyeska Investment Group L.P. raised its position in Burlington Stores by 23.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock valued at $299,772,000 after acquiring an additional 197,187 shares in the last quarter. Finally, Anomaly Capital Management LP lifted its holdings in Burlington Stores by 21.9% in the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company’s stock valued at $274,023,000 after acquiring an additional 172,431 shares during the period.

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.