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

Burlington Stores (NYSE:BURL) had its price objective boosted by equities research analysts at UBS Group from $270.00 to $280.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 2.26% from the stock’s previous close.

Several other analysts also recently commented on BURL. Citigroup boosted their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Cowen upped their target price on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Evercore ISI lifted their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Wells Fargo & Company upped their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $297.56.

Burlington Stores Stock Up 2.4 %

NYSE:BURL traded up $6.30 during trading hours on Thursday, hitting $273.82. 36,219 shares of the stock traded hands, compared to its average volume of 883,579. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 1.34 and a beta of 1.64. Burlington Stores has a fifty-two week low of $128.57 and a fifty-two week high of $282.49. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average price of $260.58 and a 200 day moving average price of $243.25.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. Equities research analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BURL. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores in the third quarter worth $26,000. Crewe Advisors LLC bought a new stake in shares of Burlington Stores during the second quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new stake in shares of Burlington Stores in the third quarter valued at approximately $33,000. ORG Partners LLC bought a new stake in shares of Burlington Stores during the second quarter worth $38,000. Finally, UMB Bank n.a. raised its holdings in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing 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.