Burlington Stores (NYSE:BURL) Price Target Raised to $335.00 at Barclays

Burlington Stores (NYSE:BURL) had its price target boosted by analysts at Barclays from $331.00 to $335.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 12.06% from the stock’s current price.

Several other equities research analysts have also issued reports on BURL. Sanford C. Bernstein set a $350.00 price target on Burlington Stores and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Evercore dropped their target price on Burlington Stores from $370.00 to $335.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Gordon Haskett cut shares of Burlington Stores from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. UBS Group reissued a “buy” rating on shares of Burlington Stores in a research note on Monday, November 17th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Burlington Stores in a research note on Wednesday, November 26th. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $338.69.

Burlington Stores Stock Performance

NYSE BURL opened at $298.93 on Monday. Burlington Stores has a 52-week low of $212.92 and a 52-week high of $332.20. The company has a fifty day moving average of $301.18 and a 200-day moving average of $282.14. The company has a market capitalization of $18.81 billion, a P/E ratio of 34.38, a P/E/G ratio of 1.73 and a beta of 1.74. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.46 and a current ratio of 1.21.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its holdings in shares of Burlington Stores by 6.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 945,554 shares of the company’s stock valued at $240,643,000 after buying an additional 59,587 shares during the last quarter. Oak Thistle LLC bought a new position in Burlington Stores in the 3rd quarter valued at approximately $1,932,000. Campbell & CO Investment Adviser LLC bought a new position in Burlington Stores in the 3rd quarter valued at approximately $1,033,000. Vanguard Group Inc. boosted its stake in Burlington Stores by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,782,201 shares of the company’s stock valued at $1,726,070,000 after purchasing an additional 232,358 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Burlington Stores by 8.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 19,785 shares of the company’s stock worth $4,603,000 after purchasing an additional 1,510 shares in the last quarter.

About Burlington Stores

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.