Burlington Stores (NYSE:BURL) Price Target Raised to $280.00

Burlington Stores (NYSE:BURL) had its target price raised by UBS Group from $270.00 to $280.00 in a research report report published on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

BURL has been the topic of several other research reports. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a report on Thursday, August 29th. Citigroup raised their price objective on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a report on Friday, August 30th. Evercore ISI raised their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their price objective on Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $297.56.

Burlington Stores Price Performance

Shares of BURL stock traded down $1.32 during trading hours on Thursday, reaching $268.27. The company’s stock had a trading volume of 302,232 shares, compared to its average volume of 885,308. The firm’s 50 day simple moving average is $260.62 and its 200-day simple moving average is $243.43. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 1.36 and a beta of 1.64. Burlington Stores has a fifty-two week low of $128.57 and a fifty-two week high of $282.49. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Sell-side analysts forecast that Burlington Stores will post 7.93 earnings per share for the current year.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Several large investors have recently made changes to their positions in BURL. Massachusetts Financial Services Co. MA grew its stake in shares of Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after buying an additional 666,934 shares during the period. AQR Capital Management LLC grew its stake in shares of Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after buying an additional 238,585 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Burlington Stores by 54.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after buying an additional 207,959 shares during the period. Marshall Wace LLP acquired a new stake in shares of Burlington Stores in the 2nd quarter valued at about $47,725,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Burlington Stores by 1,917.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after buying an additional 196,986 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.