Burlington Stores (NYSE:BURL) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Burlington Stores (NYSE:BURL - Free Report) had its target price increased by Robert W. Baird from $330.00 to $335.00 in a report published on Friday morning, Marketbeat reports. They currently have an outperform rating on the stock.

BURL has been the subject of a number of other reports. Citigroup upped their price target on Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Telsey Advisory Group restated an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. TD Cowen lifted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. UBS Group raised shares of Burlington Stores from a "neutral" rating to a "buy" rating and upped their price objective for the company from $280.00 to $360.00 in a report on Friday, January 10th. Finally, Barclays raised their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research report on Friday. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $323.20.

Burlington Stores Price Performance

BURL stock traded up $3.05 during midday trading on Friday, reaching $235.76. The stock had a trading volume of 1,672,692 shares, compared to its average volume of 1,109,500. Burlington Stores has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company's fifty day simple moving average is $268.22 and its 200 day simple moving average is $269.56. The company has a market cap of $14.97 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

Remove Ads

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, sell-side analysts predict 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 494 shares of Burlington Stores stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.91% of the company's stock.

Hedge Funds Weigh In On Burlington Stores

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

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.