The Goldman Sachs Group initiated coverage on shares of Burlington Stores (NYSE:BURL – Get Rating) in a research note published on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $183.00 target price on the stock.
Other equities analysts have also recently issued reports about the stock. Credit Suisse Group lowered their price objective on shares of Burlington Stores to $215.00 in a research report on Friday, May 27th. Wells Fargo & Company lowered their price objective on shares of Burlington Stores from $210.00 to $200.00 and set an overweight rating for the company in a research report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Burlington Stores from $223.00 to $191.00 in a research report on Friday, May 27th. Cowen cut shares of Burlington Stores from an outperform rating to a market perform rating and set a $175.00 price objective for the company. in a research report on Wednesday, June 22nd. Finally, Barclays upped their price objective on shares of Burlington Stores to $207.00 in a research report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $222.68.
Burlington Stores Price Performance
Shares of NYSE:BURL opened at $154.92 on Tuesday. The firm has a 50 day moving average of $153.92 and a 200-day moving average of $186.14. The stock has a market capitalization of $10.24 billion, a PE ratio of 41.42, a PEG ratio of 2.88 and a beta of 0.84. The company has a current ratio of 1.26, a quick ratio of 0.53 and a debt-to-equity ratio of 2.06. Burlington Stores has a 12 month low of $133.28 and a 12 month high of $357.34.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of BURL. Quent Capital LLC bought a new position in Burlington Stores during the fourth quarter worth $33,000. Emerald Advisers LLC bought a new position in Burlington Stores during the fourth quarter worth $34,000. Column Capital Advisors LLC boosted its stake in Burlington Stores by 52.8% during the first quarter. Column Capital Advisors LLC now owns 220 shares of the company’s stock worth $40,000 after acquiring an additional 76 shares in the last quarter. KB Financial Partners LLC lifted its stake in shares of Burlington Stores by 68.8% in the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after buying an additional 97 shares in the last quarter. Finally, CWM LLC bought a new position in shares of Burlington Stores in the fourth quarter valued at $50,000.
Burlington Stores Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products 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.
- Get a free copy of the StockNews.com research report on Burlington Stores (BURL)
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