Brokerages Set Burlington Stores, Inc. (NYSE:BURL) Price Target at $228.60

Shares of Burlington Stores, Inc. (NYSE:BURL – Get Rating) have received an average rating of “Moderate Buy” from the nineteen research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $228.60.

BURL has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Burlington Stores from $245.00 to $214.00 in a research report on Monday, May 8th. OTR Global upgraded shares of Burlington Stores from a “mixed” rating to a “positive” rating in a research note on Wednesday, February 1st. Credit Suisse Group boosted their price target on shares of Burlington Stores from $205.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, March 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Burlington Stores from $214.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Finally, Loop Capital raised shares of Burlington Stores from a “hold” rating to a “buy” rating and boosted their price target for the company from $220.00 to $225.00 in a research report on Tuesday, April 4th.

Burlington Stores Stock Performance

Shares of BURL stock opened at $160.56 on Tuesday. The stock has a market capitalization of $10.43 billion, a PE ratio of 45.74, a P/E/G ratio of 0.82 and a beta of 1.10. The firm has a 50 day moving average of $188.50 and a two-hundred day moving average of $199.36. Burlington Stores has a 52 week low of $106.47 and a 52 week high of $239.94. The company has a quick ratio of 0.58, a current ratio of 1.19 and a debt-to-equity ratio of 1.84.

Burlington Stores (NYSE:BURL – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.24. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Burlington Stores had a net margin of 2.64% and a return on equity of 40.35%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.53 EPS. On average, research analysts predict that Burlington Stores will post 5.88 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William P. Mcnamara sold 500 shares of the stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $212.26, for a total transaction of $106,130.00. Following the completion of the transaction, the director now directly owns 8,154 shares of the company’s stock, valued at $1,730,768.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Burlington Stores news, CMO Jennifer Vecchio sold 47,153 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $209.46, for a total transaction of $9,876,667.38. Following the transaction, the chief marketing officer now directly owns 55,173 shares in the company, valued at $11,556,536.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William P. Mcnamara sold 500 shares of the company’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $212.26, for a total transaction of $106,130.00. Following the transaction, the director now owns 8,154 shares in the company, valued at $1,730,768.04. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Burlington Stores by 10.2% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 723 shares of the company’s stock valued at $146,000 after purchasing an additional 67 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Burlington Stores by 4.9% in the first quarter. Mercer Global Advisors Inc. ADV now owns 1,462 shares of the company’s stock valued at $295,000 after purchasing an additional 68 shares during the last quarter. Salem Investment Counselors Inc. grew its position in shares of Burlington Stores by 58.2% in the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Ethic Inc. grew its position in shares of Burlington Stores by 6.5% in the first quarter. Ethic Inc. now owns 1,188 shares of the company’s stock valued at $240,000 after purchasing an additional 73 shares during the last quarter. Finally, Janney Capital Management LLC grew its position in shares of Burlington Stores by 4.0% in the fourth quarter. Janney Capital Management LLC now owns 2,281 shares of the company’s stock valued at $462,000 after purchasing an additional 88 shares during the last quarter.

About Burlington Stores

(Get Rating)

Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. It operates through the following segments: Ladies Apparel, Accessories and Shoes, Home, Mens Apparel, Kids Apparel and Baby, and Outerwear.