Burlington Stores (NYSE:BURL) Price Target Cut to $157.00

Burlington Stores (NYSE:BURLGet Rating) had its target price dropped by analysts at Deutsche Bank Aktiengesellschaft from $177.00 to $157.00 in a report released on Monday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 0.24% from the company’s current price.

A number of other brokerages have also recently issued reports on BURL. Telsey Advisory Group dropped their target price on shares of Burlington Stores from $250.00 to $218.00 and set an “outperform” rating on the stock in a report on Monday, August 22nd. StockNews.com started coverage on shares of Burlington Stores in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. upped their target price on shares of Burlington Stores from $152.00 to $179.00 in a report on Friday, September 16th. William Blair started coverage on shares of Burlington Stores in a report on Friday, August 26th. They issued an “outperform” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Burlington Stores in a report on Tuesday, August 2nd. They issued a “buy” rating and a $183.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and an average price target of $204.68.

Burlington Stores Trading Up 1.9 %

Shares of NYSE:BURL opened at $156.63 on Monday. The company’s 50-day moving average price is $130.34 and its two-hundred day moving average price is $149.21. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.20 and a quick ratio of 0.42. Burlington Stores has a one year low of $106.47 and a one year high of $304.17. The stock has a market capitalization of $10.27 billion, a PE ratio of 64.72 and a beta of 1.00.

Burlington Stores (NYSE:BURLGet Rating) last issued its quarterly earnings results on Thursday, August 25th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.23 by $0.12. Burlington Stores had a net margin of 1.85% and a return on equity of 45.72%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $1.94 EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, equities analysts forecast that Burlington Stores will post 3.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in Burlington Stores in the third quarter worth about $26,000. Salem Investment Counselors Inc. raised its position in Burlington Stores by 58.2% in the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the period. Standard Family Office LLC bought a new stake in Burlington Stores in the third quarter worth about $27,000. Column Capital Advisors LLC raised its position in Burlington Stores by 52.8% in the first quarter. Column Capital Advisors LLC now owns 220 shares of the company’s stock worth $40,000 after acquiring an additional 76 shares during the period. Finally, KB Financial Partners LLC raised its position in shares of Burlington Stores by 68.8% in the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after purchasing an additional 97 shares during the period. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

About Burlington Stores

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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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