Brokerages Set Burlington Stores, Inc. (NYSE:BURL) PT at $207.83

Burlington Stores, Inc. (NYSE:BURLGet Free Report) has received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $207.83.

BURL has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on Burlington Stores from $167.00 to $182.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $225.00 price target on shares of Burlington Stores in a research report on Wednesday, November 22nd. UBS Group upped their price target on Burlington Stores from $120.00 to $126.00 and gave the company a “sell” rating in a research report on Monday, November 27th. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Citigroup lowered their price target on Burlington Stores from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th.

Read Our Latest Stock Analysis on BURL

Burlington Stores Price Performance

BURL stock opened at $197.09 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.45 and a current ratio of 1.13. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $239.94. The firm’s fifty day moving average is $187.15 and its 200 day moving average is $160.94. The firm has a market cap of $12.72 billion, a P/E ratio of 43.32, a P/E/G ratio of 1.27 and a beta of 1.45.

Burlington Stores (NYSE:BURLGet Free Report) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.29 billion. Burlington Stores had a return on equity of 42.95% and a net margin of 3.18%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Research analysts predict that Burlington Stores will post 5.75 earnings per share for the current year.

Institutional Trading of Burlington Stores

Hedge funds have recently modified their holdings of the business. Salem Investment Counselors Inc. boosted its holdings in shares of Burlington Stores by 58.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. Natixis purchased a new position in Burlington Stores during the second quarter valued at $27,000. Quarry LP purchased a new position in Burlington Stores during the first quarter valued at $39,000. Achmea Investment Management B.V. purchased a new position in Burlington Stores during the second quarter valued at $40,000. Finally, KB Financial Partners LLC raised its stake in Burlington Stores by 68.8% during the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after buying an additional 97 shares during the last quarter.

About Burlington Stores

(Get Free Report

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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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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