Analysts Set Burlington Stores, Inc. (NYSE:BURL) Price Target at $218.31

Burlington Stores, Inc. (NYSE:BURL) has been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $218.14.

Several equities analysts have commented on BURL shares. Morgan Stanley lowered their target price on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research report on Monday. Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $155.00 to $240.00 in a research report on Wednesday, January 17th. Evercore ISI upped their price objective on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 target price (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Finally, UBS Group upgraded Burlington Stores from a “sell” rating to a “neutral” rating and increased their price target for the stock from $126.00 to $212.00 in a research report on Thursday, May 2nd.

Burlington Stores Price Performance

BURL opened at $190.94 on Tuesday. The firm has a market capitalization of $12.19 billion, a P/E ratio of 36.37, a PEG ratio of 1.08 and a beta of 1.54. Burlington Stores has a 12-month low of $115.66 and a 12-month high of $232.69. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The stock has a fifty day moving average of $203.01 and a 200-day moving average of $185.34.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.96 earnings per share. Equities analysts forecast that Burlington Stores will post 7.41 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at $13,765,542.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by insiders.

Institutional Trading of Burlington Stores

A number of large investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. raised its stake in Burlington Stores by 300.5% in the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after acquiring an additional 775,961 shares during the period. Norges Bank acquired a new position in Burlington Stores in the 4th quarter valued at about $145,471,000. Cooper Creek Partners Management LLC raised its holdings in Burlington Stores by 716.8% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after acquiring an additional 536,038 shares during the period. Bain Capital Public Equity Management II LLC acquired a new stake in Burlington Stores during the fourth quarter worth approximately $100,164,000. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Burlington Stores by 466.1% during the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock worth $114,612,000 after acquiring an additional 406,426 shares during the period.

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.