Evercore ISI Issues Positive Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its price target upped by equities research analysts at Evercore ISI from $315.00 to $340.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price target would indicate a potential upside of 18.20% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday. The Goldman Sachs Group raised their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Robert W. Baird raised their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, UBS Group lifted their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $307.38.

Burlington Stores Stock Performance

NYSE BURL traded up $0.70 during trading on Wednesday, hitting $287.64. The company’s stock had a trading volume of 174,890 shares, compared to its average volume of 896,900. Burlington Stores has a 52 week low of $168.49 and a 52 week high of $298.89. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a market cap of $18.31 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The firm has a 50 day moving average price of $262.06 and a 200 day moving average price of $249.44.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Burlington Stores’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts forecast that Burlington Stores will post 7.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction 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 directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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 the business. Tidal Investments LLC raised its holdings in shares of Burlington Stores by 178.4% in the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after buying an additional 3,949 shares during the last quarter. Plato Investment Management Ltd increased its position in Burlington Stores by 928.6% in the 1st quarter. Plato Investment Management Ltd now owns 1,440 shares of the company’s stock valued at $334,000 after acquiring an additional 1,300 shares in the last quarter. Wahed Invest LLC raised its stake in shares of Burlington Stores by 13.1% in the first quarter. Wahed Invest LLC now owns 1,243 shares of the company’s stock worth $289,000 after acquiring an additional 144 shares during the last quarter. Swedbank AB acquired a new position in shares of Burlington Stores during the first quarter worth approximately $1,101,000. Finally, Cetera Investment Advisers bought a new stake in shares of Burlington Stores during the first quarter valued at approximately $2,851,000.

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.