Burlington Stores (NYSE:BURL) Price Target Raised to $329.00 at Barclays

Burlington Stores (NYSE:BURL - Free Report) had its target price upped by Barclays from $317.00 to $329.00 in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also recently commented on the stock. Robert W. Baird increased their target price 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. Evercore ISI increased their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. UBS Group raised Burlington Stores from a "neutral" rating to a "buy" rating and lifted their target price for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Finally, Morgan Stanley raised their price target on Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $323.20.

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Burlington Stores Stock Up 1.3 %

BURL traded up $3.05 during trading on Friday, reaching $235.76. The company had a trading volume of 1,672,692 shares, compared to its average volume of 1,109,500. The business's fifty day moving average price is $268.22 and its 200 day moving average price is $269.56. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores has a 12 month low of $174.64 and a 12 month high of $298.89. The company has a market cap of $14.97 billion, a P/E ratio of 32.30, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Equities analysts anticipate that Burlington Stores will post 7.93 EPS for the current year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of 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 document filed with the SEC, which is available through the SEC website. 0.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds have recently bought and sold shares of BURL. IFP Advisors Inc raised its position in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after buying an additional 40 shares in the last quarter. Fortitude Family Office LLC increased its stake in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the period. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores in the 3rd quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Burlington Stores during the 4th quarter worth $31,000. Finally, Brooklyn Investment Group bought a new position in shares of Burlington Stores in the third quarter worth $33,000.

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.