Analysts Set Burlington Stores, Inc. (NYSE:BURL) Price Target at $323.13

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) has been given a consensus rating of "Buy" by the fifteen research firms that are currently covering the company, Marketbeat reports. Fifteen investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $323.13.

A number of brokerages have weighed in on BURL. JPMorgan Chase & Co. decreased their price target on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Morgan Stanley increased their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. UBS Group lifted their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Barclays increased 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, March 7th.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. This represents a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Burlington Stores

Institutional investors have recently bought and sold shares of the stock. Capital International Investors lifted its position in shares of Burlington Stores by 7.7% during the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock valued at $1,470,929,000 after purchasing an additional 367,703 shares in the last quarter. SRS Investment Management LLC boosted its stake in shares of Burlington Stores by 10.8% in the 4th quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock worth $362,146,000 after buying an additional 123,973 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock valued at $308,403,000 after acquiring an additional 8,892 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in Burlington Stores by 23.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock worth $299,772,000 after acquiring an additional 197,187 shares during the period. Finally, Anomaly Capital Management LP grew its stake in Burlington Stores by 21.9% in the 4th quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock valued at $274,023,000 after purchasing an additional 172,431 shares during the period.

Burlington Stores Stock Performance

Shares of BURL traded up $3.10 during mid-day trading on Tuesday, hitting $221.00. 988,372 shares of the company's stock were exchanged, compared to its average volume of 981,109. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market cap of $13.92 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The stock's 50-day simple moving average is $237.06 and its 200-day simple moving average is $261.36. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, equities research analysts expect that Burlington Stores will post 7.93 EPS for the current year.

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.