Burlington Stores (NYSE:BURL) Price Target Lowered to $254.00 at Barclays

Burlington Stores (NYSE:BURL) had its price objective dropped by analysts at Barclays from $329.00 to $254.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential downside of 0.18% from the stock’s current price.

Several other research analysts have also recently weighed in on BURL. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. Morgan Stanley reduced their price target on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company reduced their price target on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird increased their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Burlington Stores from $336.00 to $287.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $314.60.

Burlington Stores Stock Performance

NYSE BURL traded up $15.15 during trading on Monday, hitting $254.46. 272,371 shares of the company’s stock traded hands, compared to its average volume of 991,937. The stock has a market capitalization of $16.03 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 1.11 and a beta of 1.70. Burlington Stores has a 12-month low of $181.87 and a 12-month high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The business has a 50 day moving average of $235.08 and a 200-day moving average of $259.70.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities research analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other news, COO Travis Marquette sold 190 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the sale, the chief operating officer now owns 22,858 shares in the company, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at $16,797,239.64. This trade represents a 6.59% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Buckingham Capital Management Inc. boosted its stake in shares of Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock worth $4,965,000 after buying an additional 10,693 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Burlington Stores by 7.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after acquiring an additional 26,412 shares during the period. Grandeur Peak Global Advisors LLC lifted its holdings in Burlington Stores by 3.0% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company’s stock valued at $12,844,000 after acquiring an additional 1,305 shares during the period. HB Wealth Management LLC acquired a new position in Burlington Stores in the fourth quarter valued at approximately $265,000. Finally, Principal Financial Group Inc. lifted its holdings in Burlington Stores by 35.3% in the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock valued at $64,714,000 after acquiring an additional 59,173 shares during the period.

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.