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

Shares of Burlington Stores, Inc. (NYSE:BURL - Get Free Report) have been given a consensus rating of "Buy" by the fourteen analysts that are covering the company, MarketBeat Ratings reports. Fourteen investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $317.43.

A number of analysts have weighed in on BURL shares. Morgan Stanley lowered their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Robert W. Baird reduced their target price on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their target price on shares of Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Loop Capital cut their price target on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, 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.

Burlington Stores Stock Performance

Shares of NYSE BURL traded down $2.83 during trading hours on Wednesday, reaching $238.60. The stock had a trading volume of 1,032,174 shares, compared to its average volume of 987,005. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 1.11 and a beta of 1.65. Burlington Stores has a twelve month low of $212.92 and a twelve month high of $298.89. The business's fifty day moving average is $238.86 and its two-hundred day moving average is $257.78. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.17. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business earned $1.35 EPS. The firm's revenue was up 6.0% on a year-over-year basis. As a group, research analysts expect that Burlington Stores will post 7.93 EPS for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were 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 in the company, valued at $16,797,239.64. This trade represents a 6.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Stephen Ferroni sold 450 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer now owns 2,389 shares of the company's stock, valued at approximately $576,680.71. This represents a 15.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,579 shares of company stock valued at $1,338,839. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors have recently modified their holdings of BURL. IFP Advisors Inc raised 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 buying an additional 40 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Burlington Stores by 258.6% during the first 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 bought a new stake in Burlington Stores in the 1st quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in Burlington Stores in the 4th quarter worth $31,000. Finally, Farther Finance Advisors LLC boosted its stake in Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after purchasing an additional 69 shares during the period.

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.