JPMorgan Chase & Co. Has Lowered Expectations for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL - Get Free Report) had its target price lowered by analysts at JPMorgan Chase & Co. from $336.00 to $287.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 26.62% from the stock's current price.

A number of other brokerages also recently issued reports on BURL. UBS Group lifted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. Robert W. Baird boosted their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Barclays increased their price target on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, Morgan Stanley boosted their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $323.13.

Burlington Stores Stock Up 0.2 %

Shares of BURL traded up $0.35 during mid-day trading on Monday, hitting $226.67. The company's stock had a trading volume of 1,430,135 shares, compared to its average volume of 974,742. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.11 and a beta of 1.65. The company's 50-day moving average is $239.48 and its 200-day moving average is $262.52. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores has a 52-week low of $174.64 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. On average, equities research analysts forecast that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

Institutional investors and hedge funds have recently modified their holdings of the stock. Argonautica Private Wealth Management Inc. lifted its holdings 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 acquiring an additional 39 shares during the period. IFP Advisors Inc lifted its stake in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after purchasing an additional 40 shares during the period. Legacy Capital Wealth Partners LLC boosted its holdings in Burlington Stores by 4.2% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company's stock worth $300,000 after buying an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Burlington Stores by 36.5% during 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 in the last quarter. Finally, M&T Bank Corp grew its position in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company's stock valued at $813,000 after buying an additional 47 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.