Burlington Stores, Inc. (NYSE:BURL) Receives $317.87 Average PT from Analysts

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) has earned an average rating of "Buy" from the fifteen ratings firms that are covering the company, MarketBeat.com reports. Fifteen research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $317.87.

Several analysts have recently commented on BURL shares. UBS Group upgraded shares of Burlington Stores from a "neutral" rating to a "buy" rating and increased their price target 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 $310.00 target price on shares of Burlington Stores in a report on Tuesday, November 26th. Citigroup boosted their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. TD Cowen increased their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Robert W. Baird boosted their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th.

Burlington Stores Stock Down 3.5 %

Shares of Burlington Stores stock traded down $9.39 during trading hours on Thursday, hitting $260.05. The company had a trading volume of 1,056,478 shares, compared to its average volume of 708,592. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company's 50-day moving average is $286.32 and its two-hundred day moving average is $271.23. The company has a market cap of $16.51 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.62. Burlington Stores has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction dated Monday, February 3rd. The stock was 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 of the company's stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 1,481 shares of company stock valued at $421,892 over the last ninety days. Insiders own 0.91% of the company's stock.

Hedge Funds Weigh In On Burlington Stores

Institutional investors and hedge funds have recently bought and sold shares of the business. Argonautica Private Wealth Management Inc. grew its stake in Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company's stock valued at $1,063,000 after purchasing an additional 39 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of 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 buying an additional 40 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its stake in shares of Burlington Stores by 4.2% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company's stock valued at $300,000 after buying an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock worth $49,000 after buying an additional 46 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in Burlington Stores by 1.5% in the third quarter. M&T Bank Corp now owns 3,089 shares of the company's stock worth $813,000 after buying an additional 47 shares during the last quarter.

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.