Burlington Stores (NYSE:BURL) Price Target Raised to $280.00

Burlington Stores (NYSE:BURL) had its price objective lifted by analysts at UBS Group from $270.00 to $280.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 4.10% from the stock’s current price.

Several other research firms have also recently weighed in on BURL. Wells Fargo & Company boosted their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Morgan Stanley upped their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Citigroup lifted their price target on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group restated an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a research report on Thursday, August 29th. Finally, Bank of America lifted their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $297.56.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $268.98 on Thursday. Burlington Stores has a 1 year low of $128.57 and a 1 year high of $282.49. The firm’s 50-day moving average is $260.80 and its 200 day moving average is $244.03. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 1.36 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Sell-side analysts anticipate that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

Several large investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores during the third quarter worth about $26,000. Crewe Advisors LLC purchased a new stake in Burlington Stores during the 2nd quarter valued at approximately $25,000. Brooklyn Investment Group bought a new stake in shares of Burlington Stores during the third quarter valued at approximately $33,000. ORG Partners LLC purchased a new position in shares of Burlington Stores in the second quarter worth $38,000. Finally, UMB Bank n.a. boosted its position in shares of Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after acquiring an additional 141 shares during the last quarter.

About Burlington Stores

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.