Burlington Stores, Inc. (NYSE:BURL) Receives $294.94 Average PT from Analysts

Burlington Stores, Inc. (NYSE:BURL) has been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $294.94.

Several brokerages have recently commented on BURL. Wells Fargo & Company upped their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Citigroup lifted their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a report on Friday, August 30th. Loop Capital upped their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a research note on Thursday, August 29th. Finally, Bank of America increased their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th.

Burlington Stores Trading Up 1.9 %

NYSE BURL opened at $247.25 on Tuesday. The business’s fifty day moving average is $262.48 and its 200-day moving average is $239.27. 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 has a market capitalization of $15.74 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.26 and a beta of 1.64. Burlington Stores has a one year low of $125.38 and a one year high of $282.49.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) 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 the consensus estimate of $2.42 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts predict that Burlington Stores will post 7.91 EPS for the current 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 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 sale, the director now directly owns 7,393 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors have recently made changes to their positions in BURL. Versor Investments LP increased its holdings in Burlington Stores by 262.3% in the 3rd quarter. Versor Investments LP now owns 4,800 shares of the company’s stock worth $1,265,000 after acquiring an additional 3,475 shares in the last quarter. Buckingham Capital Management Inc. acquired a new position in Burlington Stores in the third quarter valued at approximately $1,772,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Burlington Stores by 13.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,460 shares of the company’s stock worth $1,176,000 after acquiring an additional 545 shares during the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Burlington Stores during the third quarter worth about $261,000. Finally, Assetmark Inc. boosted its holdings in Burlington Stores by 3,950.0% in the third quarter. Assetmark Inc. now owns 648 shares of the company’s stock valued at $171,000 after purchasing an additional 632 shares during the period.

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.