Burlington Stores (NYSE:BURL) Price Target Increased to $238.00 by Analysts at UBS Group

Burlington Stores (NYSE:BURLFree Report) had its price objective raised by UBS Group from $212.00 to $238.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also commented on BURL. Telsey Advisory Group reiterated an outperform rating and issued a $250.00 price objective on shares of Burlington Stores in a research report on Thursday, May 30th. Wells Fargo & Company increased their price objective on Burlington Stores from $240.00 to $275.00 and gave the company an overweight rating in a research report on Friday. Bank of America raised their price target on Burlington Stores from $250.00 to $275.00 and gave the stock a buy rating in a research report on Friday. TD Cowen raised their price target on Burlington Stores from $209.00 to $257.00 and gave the stock a hold rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on Burlington Stores from $246.00 to $284.00 and gave the stock an overweight rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $246.87.

Read Our Latest Research Report on BURL

Burlington Stores Stock Down 2.5 %

NYSE BURL opened at $234.12 on Monday. The firm has a market cap of $14.94 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 1.32 and a beta of 1.61. Burlington Stores has a one year low of $115.66 and a one year high of $243.64. The stock’s 50 day simple moving average is $197.22 and its 200 day simple moving average is $195.24. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52.

Burlington Stores (NYSE:BURLGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates 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 last year, the company earned $0.84 EPS. As a group, sell-side analysts forecast that Burlington Stores will post 7.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the sale, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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 modified their holdings of the stock. Cetera Investment Advisers acquired a new stake in shares of Burlington Stores in the first quarter valued at about $2,851,000. Swedbank AB bought a new position in Burlington Stores during the first quarter worth about $1,101,000. Wahed Invest LLC grew its holdings in Burlington Stores by 13.1% during the first quarter. Wahed Invest LLC now owns 1,243 shares of the company’s stock worth $289,000 after purchasing an additional 144 shares during the period. Plato Investment Management Ltd grew its holdings in Burlington Stores by 928.6% during the first quarter. Plato Investment Management Ltd now owns 1,440 shares of the company’s stock worth $334,000 after purchasing an additional 1,300 shares during the period. Finally, Tidal Investments LLC grew its holdings in Burlington Stores by 178.4% during the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after purchasing an additional 3,949 shares during the period.

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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