Burlington Stores (NYSE:BURL) Price Target Raised to $334.00 at TD Cowen

Burlington Stores (NYSE:BURL) had its price target boosted by TD Cowen from $288.00 to $334.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

BURL has been the topic of several other reports. Bank of America boosted their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company boosted their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Citigroup increased their price target on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Evercore ISI boosted their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and an average price target of $300.44.

Burlington Stores Price Performance

BURL stock opened at $291.66 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The business has a 50-day simple moving average of $261.73 and a two-hundred day simple moving average of $248.76. The company has a market capitalization of $18.57 billion, a P/E ratio of 43.86, a price-to-earnings-growth ratio of 1.46 and a beta of 1.64. Burlington Stores has a 52-week low of $168.49 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Burlington Stores’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts expect that Burlington Stores will post 7.94 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now owns 7,393 shares in the company, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by company insiders.

Institutional Trading of Burlington Stores

Institutional investors and hedge funds have recently bought and sold shares of the company. M&T Bank Corp increased its position in shares of Burlington Stores by 1.5% in the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after purchasing an additional 47 shares during the last quarter. Tributary Capital Management LLC increased its holdings in shares of Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after buying an additional 50 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after buying an additional 53 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after acquiring an additional 54 shares during the last quarter. Finally, Mount Lucas Management LP grew its position in Burlington Stores by 2.4% in the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after acquiring an additional 54 shares in 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.