Burlington Stores, Inc. (NYSE:BURL) Receives $317.43 Average Target Price from Analysts

Shares of Burlington Stores, Inc. (NYSE:BURL - Get Free Report) have been assigned an average recommendation of "Buy" from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Fourteen analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $317.43.

BURL has been the subject of several recent research reports. Telsey Advisory Group reiterated an "outperform" rating and set a $300.00 price objective (down from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. Morgan Stanley cut their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Loop Capital cut their price objective on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report on Friday, May 30th. Wells Fargo & Company cut their price objective on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Evercore ISI cut their target price on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the sale, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at $15,483,118.56. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the sale, the chief operating officer directly owned 22,858 shares in the company, valued at $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,060 shares of company stock valued at $253,164 over the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Burlington Stores

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc grew its holdings in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares during the period. Golden State Wealth Management LLC grew its holdings in Burlington Stores by 258.6% during the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after acquiring an additional 75 shares during the period. WPG Advisers LLC acquired a new position in shares of Burlington Stores in the 1st quarter valued at $26,000. Farther Finance Advisors LLC grew its holdings in shares of Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after buying an additional 69 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Burlington Stores by 250.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 186 shares of the company's stock valued at $43,000 after buying an additional 133 shares during the period.

Burlington Stores Stock Down 0.2%

Shares of Burlington Stores stock traded down $0.51 during midday trading on Friday, hitting $249.87. The company's stock had a trading volume of 215,571 shares, compared to its average volume of 997,496. The firm has a market capitalization of $15.76 billion, a P/E ratio of 30.66, a PEG ratio of 2.16 and a beta of 1.64. The stock has a 50-day simple moving average of $240.76 and a 200-day simple moving average of $250.30. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21. Burlington Stores has a 1-year low of $212.92 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.43 by $0.17. The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. Burlington Stores's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share. As a group, sell-side analysts expect that Burlington Stores will post 7.93 earnings per share for the current year.

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.