Burlington Stores (NYSE:BURL) Stock Price Expected to Rise, Evercore ISI Analyst Says

Burlington Stores (NYSE:BURL) had its price objective lifted by Evercore ISI from $315.00 to $340.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Citigroup boosted their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays reduced their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group lifted their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group lifted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Stock Up 0.6 %

Shares of NYSE BURL opened at $288.60 on Wednesday. The company’s 50-day simple moving average is $262.06 and its 200-day simple moving average is $249.44. Burlington Stores has a 52-week low of $168.49 and a 52-week high of $298.89. The firm has a market cap of $18.37 billion, a price-to-earnings ratio of 43.40, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 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 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. Equities analysts predict that Burlington Stores will post 7.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several large investors have recently added to or reduced their stakes in BURL. Massachusetts Financial Services Co. MA increased its stake in Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 shares during the period. AQR Capital Management LLC increased its stake in Burlington Stores by 2,542.2% during the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock worth $59,114,000 after buying an additional 238,585 shares during the period. Dimensional Fund Advisors LP increased its stake in Burlington Stores by 54.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after buying an additional 207,959 shares during the period. Marshall Wace LLP purchased a new stake in Burlington Stores during the 2nd quarter worth approximately $47,725,000. Finally, Assenagon Asset Management S.A. increased its stake in Burlington Stores by 1,917.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock worth $49,742,000 after buying an additional 196,986 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.