Burlington Stores (NYSE:BURL) Price Target Raised to $344.00

Burlington Stores (NYSE:BURL) had its price objective hoisted by Citigroup from $313.00 to $344.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

BURL has been the topic of several other research reports. Evercore ISI boosted their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. UBS Group boosted their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Morgan Stanley boosted their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. The Goldman Sachs Group boosted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $307.69.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $288.60 on Wednesday. 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 has a twelve month low of $168.49 and a twelve month high of $298.89. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of 43.40, a PEG ratio of 1.48 and a beta of 1.64. The firm has a 50-day moving average of $262.06 and a two-hundred day moving average of $249.44.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating 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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts expect that Burlington Stores will post 7.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

Large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its stake in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Burlington Stores by 2,542.2% in the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after buying an additional 238,585 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after acquiring an additional 207,959 shares during the last quarter. Marshall Wace LLP acquired a new position in Burlington Stores during the second quarter worth $47,725,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Burlington Stores by 1,917.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after purchasing an additional 196,986 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.