Credit Suisse Group Raises Burlington Stores (NYSE:BURL) Price Target to $360.00

Burlington Stores (NYSE:BURL) had its price objective upped by Credit Suisse Group from $354.00 to $360.00 in a research note released on Wednesday, Price Targets.com reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also weighed in on BURL. Loop Capital lowered Burlington Stores from a buy rating to a hold rating and reduced their target price for the stock from $410.00 to $285.00 in a research note on Thursday, October 14th. JPMorgan Chase & Co. raised their price objective on Burlington Stores from $380.00 to $427.00 and gave the company an overweight rating in a research report on Monday, August 16th. Zacks Investment Research downgraded Burlington Stores from a buy rating to a hold rating and set a $350.00 price target for the company. in a report on Tuesday, August 3rd. TheStreet cut Burlington Stores from a b rating to a c+ rating in a research note on Monday, August 30th. Finally, Robert W. Baird lifted their price target on Burlington Stores from $370.00 to $400.00 and gave the company an outperform rating in a research report on Friday, August 27th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $351.37.

NYSE BURL opened at $290.09 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.02 and a current ratio of 1.48. The company has a market capitalization of $19.36 billion, a P/E ratio of 44.91 and a beta of 0.90. Burlington Stores has a one year low of $217.38 and a one year high of $357.34. The stock has a 50 day moving average price of $282.44 and a 200-day moving average price of $307.58.

Burlington Stores (NYSE:BURL) last posted its earnings results on Monday, November 22nd. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.09. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. Burlington Stores had a return on equity of 100.00% and a net margin of 5.23%. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. As a group, equities analysts predict that Burlington Stores will post 9.08 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Burlington Stores by 4.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 8,508,612 shares of the company’s stock worth $2,739,688,000 after buying an additional 382,870 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Burlington Stores by 30.6% in the third quarter. Artisan Partners Limited Partnership now owns 2,729,237 shares of the company’s stock valued at $773,930,000 after acquiring an additional 639,747 shares during the last quarter. Alliancebernstein L.P. raised its position in Burlington Stores by 149.0% in the third quarter. Alliancebernstein L.P. now owns 1,939,238 shares of the company’s stock valued at $549,910,000 after purchasing an additional 1,160,452 shares during the period. Third Point LLC raised its position in Burlington Stores by 6.8% in the third quarter. Third Point LLC now owns 1,580,000 shares of the company’s stock valued at $448,041,000 after purchasing an additional 100,000 shares during the period. Finally, Janus Henderson Group PLC raised its position in Burlington Stores by 1.9% in the third quarter. Janus Henderson Group PLC now owns 1,365,251 shares of the company’s stock valued at $387,144,000 after purchasing an additional 25,335 shares during the period.

Burlington Stores Company Profile

Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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