Burlington Stores (NYSE:BURL) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Burlington Stores (NYSE:BURL) had its price target increased by equities research analysts at Robert W. Baird from $330.00 to $335.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 30.54% from the stock’s previous close.

Several other analysts have also issued reports on BURL. Citigroup boosted their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and boosted their target price for the company from $280.00 to $360.00 in a report on Friday, January 10th. Morgan Stanley raised their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Evercore ISI lifted their price target on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Barclays increased their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $321.00.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $256.63 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $270.03 and a two-hundred day simple moving average of $269.80. Burlington Stores has a 1-year low of $174.64 and a 1-year high of $298.89. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its holdings in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the period. Fortitude Family Office LLC grew its position in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores in the third quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores in the fourth quarter worth approximately $31,000. Finally, Brooklyn Investment Group purchased a new position in shares of Burlington Stores in the third quarter worth $33,000.

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.