Burlington Stores (NYSE:BURL) Price Target Raised to $305.00 at Morgan Stanley

Burlington Stores (NYSE:BURL) had its price objective increased by investment analysts at Morgan Stanley from $285.00 to $305.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 6.58% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Loop Capital upped their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group restated an “outperform” rating and set a $310.00 target price on shares of Burlington Stores in a research report on Tuesday. Citigroup lifted 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. Barclays cut their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, UBS Group raised their price objective on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Stock Performance

BURL stock traded down $0.76 during mid-day trading on Wednesday, hitting $286.18. 241,317 shares of the company were exchanged, compared to its average volume of 897,277. Burlington Stores has a 1-year low of $168.49 and a 1-year high of $298.89. The stock has a market capitalization of $18.22 billion, a PE ratio of 43.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The business has a 50 day simple moving average of $262.06 and a 200-day simple moving average of $249.44. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities analysts forecast that Burlington Stores will post 7.94 earnings per share for the current year.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in Burlington Stores in the 2nd quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of Burlington Stores during the third quarter valued at $26,000. Brooklyn Investment Group bought a new position in shares of Burlington Stores during the third quarter valued at $33,000. ORG Partners LLC acquired a new position in shares of Burlington Stores during the second quarter worth $38,000. Finally, Blue Trust Inc. grew its stake in shares of Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 shares during 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.