Bank of America Increases Burlington Stores (NYSE:BURL) Price Target to $275.00

Burlington Stores (NYSE:BURLGet Free Report) had its target price upped by analysts at Bank of America from $250.00 to $275.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price suggests a potential upside of 14.56% from the stock’s current price.

Other research analysts also recently issued reports about the company. Evercore ISI boosted their price objective on Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. TD Cowen dropped their price objective on Burlington Stores from $230.00 to $209.00 and set a “hold” rating on the stock in a research note on Friday, May 17th. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Morgan Stanley dropped their price objective on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Finally, UBS Group raised Burlington Stores from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $126.00 to $212.00 in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.13.

Read Our Latest Research Report on Burlington Stores

Burlington Stores Stock Up 1.9 %

Shares of BURL opened at $240.05 on Friday. The company has a market capitalization of $15.33 billion, a PE ratio of 40.21, a PEG ratio of 1.30 and a beta of 1.54. Burlington Stores has a 12 month low of $115.66 and a 12 month high of $243.64. The stock’s 50-day moving average price is $197.09 and its two-hundred day moving average price is $194.09. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 1.20.

Burlington Stores (NYSE:BURLGet Free Report) last announced its earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.04 by $0.38. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. On average, analysts anticipate that Burlington Stores will post 7.44 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the sale, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. grew its holdings in shares of Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after acquiring an additional 775,961 shares in the last quarter. Norges Bank bought a new position in shares of Burlington Stores in the fourth quarter valued at approximately $145,471,000. Cooper Creek Partners Management LLC grew its holdings in shares of Burlington Stores by 716.8% in the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after acquiring an additional 536,038 shares in the last quarter. Bain Capital Public Equity Management II LLC bought a new position in shares of Burlington Stores in the fourth quarter valued at approximately $100,164,000. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Burlington Stores by 466.1% in the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock valued at $114,612,000 after acquiring an additional 406,426 shares in the last quarter.

About Burlington Stores

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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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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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