Burlington Stores (NYSE:BURL) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Burlington Stores (NYSE:BURL) had its price objective raised by analysts at Morgan Stanley from $296.00 to $297.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 23.76% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. UBS Group lifted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird lifted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday. Evercore ISI boosted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Barclays boosted their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday. Finally, TD Cowen boosted their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average target price of $323.20.

Burlington Stores Stock Down 6.9 %

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

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, equities analysts predict that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores in the 3rd quarter valued at about $26,000. Fortitude Family Office LLC lifted its holdings in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores in the 4th quarter valued at about $31,000. Finally, Brooklyn Investment Group purchased a new position in Burlington Stores in the 3rd quarter valued at about $33,000.

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.