Burlington Stores, Inc. (NYSE:BURL) Receives $323.20 Consensus Price Target from Brokerages

Shares of Burlington Stores, Inc. (NYSE:BURL - Get Free Report) have been assigned an average rating of "Buy" from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Fifteen investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have covered the stock in the last year is $323.20.

Several brokerages have commented on BURL. Barclays raised their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a report on Friday, March 7th. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Morgan Stanley lifted their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, Citigroup lowered their price target on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research note on Friday, March 7th.

Burlington Stores Trading Up 0.3 %

BURL stock traded up $0.69 during trading on Friday, hitting $238.36. The company had a trading volume of 1,104,749 shares, compared to its average volume of 952,684. 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 one year low of $174.64 and a one year high of $298.89. The business has a 50-day moving average of $252.81 and a 200-day moving average of $266.12. The stock has a market cap of $15.07 billion, a PE ratio of 32.65, a PEG ratio of 1.11 and a beta of 1.73.

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Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Research analysts predict that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 5,926 shares of company stock valued at $1,461,774 in the last ninety days. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in Burlington Stores by 81.6% during 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 during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Burlington Stores by 148.6% during the fourth 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. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores during the third quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in Burlington Stores in the 4th quarter worth about $31,000. Finally, Brooklyn Investment Group purchased a new position in Burlington Stores in the 3rd quarter worth 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.