Burlington Stores (NYSE:BURL) Price Target Cut to $209.00

Burlington Stores (NYSE:BURL – Get Rating) had its target price decreased by equities research analysts at UBS Group from $218.00 to $209.00 in a research report issued on Tuesday, The Fly reports. UBS Group’s price objective suggests a potential upside of 21.19% from the company’s current price.

Other analysts also recently issued research reports about the company. OTR Global downgraded Burlington Stores to a “positive” rating in a research note on Wednesday, May 4th. Zacks Investment Research raised Burlington Stores from a “strong sell” rating to a “buy” rating and set a $221.00 price target on the stock in a research note on Wednesday, May 4th. Cowen dropped their price target on Burlington Stores from $327.00 to $292.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 22nd. Barclays dropped their price target on Burlington Stores from $237.00 to $227.00 in a research note on Friday, April 1st. Finally, Sanford C. Bernstein assumed coverage on Burlington Stores in a research note on Monday, March 14th. They issued an “outperform” rating and a $230.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $282.48.

Shares of Burlington Stores stock opened at $172.46 on Tuesday. The company has a market capitalization of $11.40 billion, a PE ratio of 28.70, a PEG ratio of 1.80 and a beta of 0.76. Burlington Stores has a 12 month low of $168.09 and a 12 month high of $357.34. The company has a current ratio of 1.31, a quick ratio of 0.78 and a debt-to-equity ratio of 2.03. The stock’s fifty day simple moving average is $197.62 and its 200 day simple moving average is $236.41.

Burlington Stores (NYSE:BURL – Get Rating) last issued its quarterly earnings data on Thursday, March 3rd. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $3.22 by ($0.69). The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.77 billion. Burlington Stores had a return on equity of 85.14% and a net margin of 4.39%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.44 EPS. Analysts predict that Burlington Stores will post 7.27 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of BURL. D1 Capital Partners L.P. bought a new position in Burlington Stores during the fourth quarter worth about $345,031,000. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Burlington Stores by 90.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,530,731 shares of the company’s stock worth $446,223,000 after acquiring an additional 725,000 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Burlington Stores by 30.6% during the third quarter. Artisan Partners Limited Partnership now owns 2,729,237 shares of the company’s stock worth $773,930,000 after acquiring an additional 639,747 shares during the period. Norges Bank bought a new stake in shares of Burlington Stores during the fourth quarter worth approximately $158,770,000. Finally, William Blair Investment Management LLC boosted its holdings in shares of Burlington Stores by 42.9% during the fourth quarter. William Blair Investment Management LLC now owns 1,065,602 shares of the company’s stock worth $310,634,000 after acquiring an additional 319,849 shares during the period.

About Burlington Stores (Get Rating)

Burlington Stores, Inc operates as a retailer of branded apparel products 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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