Burlington Stores, Inc. (NYSE:BURL) Receives $317.43 Consensus Price Target from Analysts

Burlington Stores, Inc. (NYSE:BURL) has been given an average recommendation of “Buy” by the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Fourteen analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is $317.43.

Several equities analysts have weighed in on BURL shares. Evercore ISI decreased their target price on shares of Burlington Stores from $345.00 to $310.00 and set an “outperform” rating on the stock in a report on Friday, May 30th. Morgan Stanley decreased their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Citigroup decreased their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, March 7th. UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th.

Insider Buying and Selling

In other news, CAO Stephen Ferroni sold 450 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total value of $108,625.50. Following the sale, the chief accounting officer now directly owns 2,389 shares in the company, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. The trade was a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,579 shares of company stock valued at $1,338,839 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Burlington Stores by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company’s stock valued at $1,573,754,000 after purchasing an additional 219,124 shares in the last quarter. Capital International Investors raised its holdings in shares of Burlington Stores by 7.7% in the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock valued at $1,470,929,000 after purchasing an additional 367,703 shares in the last quarter. SRS Investment Management LLC raised its holdings in shares of Burlington Stores by 10.8% in the 4th quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock valued at $362,146,000 after purchasing an additional 123,973 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Burlington Stores by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock valued at $308,403,000 after purchasing an additional 8,892 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Burlington Stores by 23.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock valued at $299,772,000 after purchasing an additional 197,187 shares in the last quarter.

Burlington Stores Stock Performance

NYSE:BURL opened at $228.44 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm has a market capitalization of $14.41 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 1.11 and a beta of 1.65. The company’s 50-day moving average is $239.39 and its two-hundred day moving average is $256.43. Burlington Stores has a 1-year low of $212.92 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.17. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. Analysts forecast that Burlington Stores will post 7.93 EPS for the current year.

Burlington Stores Company Profile

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.