Deutsche Bank Aktiengesellschaft Cuts Burlington Stores (NYSE:BURL) Price Target to $316.00

Burlington Stores (NYSE:BURL) had its target price cut by Deutsche Bank Aktiengesellschaft from $364.00 to $316.00 in a research note released on Wednesday, The Fly reports. They currently have a buy rating on the stock.

Several other research firms also recently issued reports on BURL. Telsey Advisory Group boosted their price objective on Burlington Stores from $380.00 to $400.00 and gave the stock an outperform rating in a report on Monday, August 23rd. MKM Partners boosted their price objective on Burlington Stores from $350.00 to $360.00 and gave the stock a buy rating in a report on Friday, August 27th. Zacks Investment Research downgraded Burlington Stores from a buy rating to a hold rating and set a $350.00 price objective on the stock. in a report on Tuesday, August 3rd. Loop Capital downgraded Burlington Stores from a buy rating to a hold rating and cut their price objective for the stock from $410.00 to $285.00 in a report on Thursday, October 14th. Finally, Berenberg Bank restated a hold rating and set a $333.00 price objective on shares of Burlington Stores in a report on Friday, September 3rd. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Buy and a consensus price target of $351.37.

Shares of Burlington Stores stock opened at $290.09 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 2.63. The company’s 50-day moving average price is $282.44 and its two-hundred day moving average price is $307.58. Burlington Stores has a 52 week low of $217.38 and a 52 week high of $357.34. The stock has a market cap of $19.36 billion, a PE ratio of 44.91 and a beta of 0.90.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BURL. Morgan Stanley grew its stake in shares of Burlington Stores by 39.6% in the 1st quarter. Morgan Stanley now owns 94,402 shares of the company’s stock valued at $28,209,000 after buying an additional 26,775 shares in the last quarter. Eaton Vance Management boosted its position in Burlington Stores by 10.9% during the first quarter. Eaton Vance Management now owns 22,336 shares of the company’s stock worth $6,674,000 after purchasing an additional 2,194 shares during the period. Baker Tilly Wealth Management LLC boosted its position in Burlington Stores by 28.6% during the first quarter. Baker Tilly Wealth Management LLC now owns 1,069 shares of the company’s stock worth $319,000 after purchasing an additional 238 shares during the period. Schroder Investment Management Group boosted its position in Burlington Stores by 17.3% during the first quarter. Schroder Investment Management Group now owns 37,347 shares of the company’s stock worth $11,160,000 after purchasing an additional 5,513 shares during the period. Finally, KB Financial Partners LLC bought a new stake in Burlington Stores during the first quarter worth approximately $61,000.

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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