Analysts Set Burlington Stores, Inc. (NYSE:BURL) Price Target at $323.20

Burlington Stores, Inc. (NYSE:BURL) has earned an average rating of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Fifteen investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is $323.20.

A number of research firms recently weighed in on BURL. UBS Group increased their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Barclays upped their target price on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Robert W. Baird raised their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Citigroup cut their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, TD Cowen increased their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 5,926 shares of company stock valued at $1,461,774 over the last 90 days. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Buckingham Capital Management Inc. increased its position in shares of Burlington Stores by 159.0% during the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock worth $4,965,000 after purchasing an additional 10,693 shares in the last quarter. Logan Capital Management Inc. increased its position in Burlington Stores by 9.1% during the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after buying an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Burlington Stores by 7.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after buying an additional 26,412 shares during the last quarter. HB Wealth Management LLC acquired a new stake in Burlington Stores in the fourth quarter worth about $265,000. Finally, Dai ichi Life Insurance Company Ltd purchased a new stake in shares of Burlington Stores during the third quarter worth about $1,190,000.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $238.00 on Friday. The stock has a 50 day moving average price of $253.86 and a 200-day moving average price of $266.38. Burlington Stores has a one year low of $174.64 and a one year high of $298.89. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Equities analysts expect that Burlington Stores will post 7.93 EPS for the current year.

Burlington Stores Company Profile

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.