JPMorgan Chase & Co. Has Lowered Expectations for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its price target lowered by JPMorgan Chase & Co. from $336.00 to $287.00 in a report published on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the company. UBS Group lifted their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Morgan Stanley boosted their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Citigroup cut their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Finally, 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 report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average price target of $323.13.

Burlington Stores Stock Down 0.6 %

Burlington Stores stock opened at $239.62 on Monday. The firm has a 50 day moving average price of $241.35 and a 200-day moving average price of $263.21. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a market capitalization of $15.09 billion, a P/E ratio of 32.82, a P/E/G ratio of 1.11 and a beta of 1.65.

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

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the sale, the chief marketing officer now directly owns 70,006 shares in the company, valued at $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc lifted its holdings in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after acquiring an additional 40 shares during the last quarter. Fortitude Family Office LLC increased its stake in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores during the fourth quarter valued at about $31,000. Farther Finance Advisors LLC lifted its stake in Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after purchasing an additional 69 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after purchasing an additional 88 shares in the last quarter.

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.