Burlington Stores (NYSE:BURL) Given New $297.00 Price Target at Morgan Stanley

Burlington Stores (NYSE:BURL - Get Free Report) had its price objective increased by equities researchers at Morgan Stanley from $296.00 to $297.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's target price suggests a potential upside of 25.97% from the stock's previous close.

A number of other brokerages have also recently issued reports on BURL. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Robert W. Baird raised their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday. Barclays lifted their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a report on Friday. TD Cowen upped their target price on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, UBS Group lifted their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $323.20.

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Burlington Stores Price Performance

Shares of Burlington Stores stock traded up $3.05 during trading on Friday, reaching $235.76. The company's stock had a trading volume of 1,672,692 shares, compared to its average volume of 1,109,500. The business has a 50 day moving average price of $266.18 and a 200-day moving average price of $269.03. The company has a market capitalization of $14.97 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores has a 12-month low of $174.64 and a 12-month high of $298.89.

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 analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analysts' expectations 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 anticipate that Burlington Stores will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares of the company's stock, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.91% of the company's stock.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors have recently added to or reduced their stakes in the business. Capital International Investors boosted its stake in Burlington Stores by 7.7% in the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after buying an additional 367,703 shares during the last quarter. SRS Investment Management LLC boosted its position in shares of Burlington Stores by 10.8% in the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock worth $362,146,000 after acquiring an additional 123,973 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Burlington Stores by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock worth $308,403,000 after acquiring an additional 8,892 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in Burlington Stores by 23.1% in the fourth 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 during the period. Finally, Anomaly Capital Management LP increased its position in Burlington Stores by 21.9% during the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock worth $274,023,000 after purchasing an additional 172,431 shares during the last quarter.

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.