Burlington Stores (NYSE:BURL) Price Target Raised to $280.00

Burlington Stores (NYSE:BURL - Get Free Report) had its price target hoisted by investment analysts at UBS Group from $270.00 to $280.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential upside of 3.86% from the stock's previous close.

Several other research firms also recently weighed in on BURL. Gordon Haskett upgraded Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a report on Monday, August 19th. The Goldman Sachs Group raised their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Morgan Stanley boosted their target price on Burlington Stores from $284.00 to $300.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 price target on shares of Burlington Stores in a research note on Thursday, August 29th. Finally, Barclays lifted their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus target price of $297.56.

Burlington Stores Trading Up 0.8 %

Shares of BURL traded up $2.07 during midday trading on Thursday, hitting $269.59. The stock had a trading volume of 1,009,101 shares, compared to its average volume of 887,982. Burlington Stores has a 1 year low of $128.57 and a 1 year high of $282.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The stock's 50 day moving average is $260.62 and its 200 day moving average is $243.43. The firm has a market cap of $17.16 billion, a PE ratio of 40.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company's revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts forecast that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors have recently bought and sold shares of the company. Capital International Investors increased its holdings in Burlington Stores by 1.5% in the first quarter. Capital International Investors now owns 7,394,746 shares of the company's stock valued at $1,716,986,000 after buying an additional 111,526 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Burlington Stores by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company's stock valued at $391,066,000 after purchasing an additional 12,238 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Burlington Stores by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company's stock worth $185,282,000 after buying an additional 64,410 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock valued at $192,478,000 after purchasing an additional 666,934 shares in the last quarter. Finally, Anomaly Capital Management LP raised its stake in Burlington Stores by 34.6% in the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company's stock valued at $175,242,000 after purchasing an additional 187,760 shares during the last quarter.

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.