Burlington Stores (NYSE:BURL - Get Free Report) had its price target raised by equities researchers at UBS Group from $360.00 to $405.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price would indicate a potential upside of 68.76% from the company's previous close.
A number of other equities research analysts also recently weighed in on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a research report on Thursday. TD Cowen lifted 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. Evercore ISI increased their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Barclays raised their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Citigroup cut their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average price target of $323.20.
Check Out Our Latest Stock Report on Burlington Stores
Burlington Stores Stock Performance
NYSE BURL traded down $17.67 on Friday, reaching $239.98. The stock had a trading volume of 3,592,149 shares, compared to its average volume of 1,064,431. Burlington Stores has a 1-year low of $174.64 and a 1-year high of $298.89. 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 has a market cap of $15.23 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The firm has a fifty day moving average of $268.22 and a two-hundred day moving average of $269.58.
Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly 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 business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, equities research analysts anticipate that Burlington Stores will post 7.93 EPS for the current year.
Insider Buying and Selling at Burlington Stores
In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company's stock in a transaction dated 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 transaction, the chief marketing officer now owns 59,437 shares of the company's stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.91% of the company's stock.
Institutional Trading of Burlington Stores
Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its position in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after buying an additional 40 shares during the period. 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 worth $26,000 after purchasing an additional 55 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in shares of Burlington Stores in the third quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Burlington Stores in the fourth quarter worth $31,000. Finally, Brooklyn Investment Group acquired a new stake in Burlington Stores in the third quarter valued at $33,000.
About Burlington Stores
(
Get Free Report)
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.
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