Burlington Stores (NYSE:BURL - Get Free Report) had its target price upped by equities researchers at Robert W. Baird from $315.00 to $330.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 13.21% from the company's current price.
BURL has been the subject of several other research reports. Wells Fargo & Company upped their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a research note on Friday, August 23rd. Bank of America upped their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Telsey Advisory Group reissued an "outperform" rating and set a $310.00 price objective on shares of Burlington Stores in a report on Tuesday. Morgan Stanley lifted their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Finally, Barclays increased their price target on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average price target of $307.69.
View Our Latest Stock Report on Burlington Stores
Burlington Stores Price Performance
BURL traded up $4.55 on Wednesday, hitting $291.49. 710,052 shares of the stock were exchanged, compared to its average volume of 899,174. The firm has a market capitalization of $18.56 billion, a price-to-earnings ratio of 43.03, a PEG ratio of 1.48 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. Burlington Stores has a 12 month low of $168.49 and a 12 month high of $298.89. The business has a 50-day moving average of $262.06 and a two-hundred day moving average of $249.44.
Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. The company 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 4.18% and a return on equity of 47.43%. The company's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Sell-side analysts forecast that Burlington Stores will post 7.94 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company's stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company's stock.
Institutional Investors Weigh In On Burlington Stores
Institutional investors have recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in Burlington Stores by 178.4% during the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company's stock valued at $1,431,000 after acquiring an additional 3,949 shares during the period. Plato Investment Management Ltd grew its position in Burlington Stores by 928.6% during the first quarter. Plato Investment Management Ltd now owns 1,440 shares of the company's stock valued at $334,000 after buying an additional 1,300 shares during the period. Wahed Invest LLC lifted its holdings in Burlington Stores by 13.1% during the first quarter. Wahed Invest LLC now owns 1,243 shares of the company's stock valued at $289,000 after purchasing an additional 144 shares in the last quarter. Swedbank AB purchased a new position in shares of Burlington Stores during the first quarter valued at about $1,101,000. Finally, Cetera Investment Advisers purchased a new position in Burlington Stores in the first quarter worth about $2,851,000.
Burlington Stores Company Profile
(
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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