Morgan Stanley Has Lowered Expectations for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL - Get Free Report) had its price target lowered by research analysts at Morgan Stanley from $297.00 to $269.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 12.37% from the stock's current price.

Several other analysts also recently commented on the stock. Citigroup decreased their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. UBS Group boosted their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Wells Fargo & Company cut their price objective on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Robert W. Baird upped their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $319.60.

Burlington Stores Stock Down 3.9 %

Shares of BURL stock traded down $9.62 during trading on Tuesday, hitting $239.38. 869,684 shares of the company were exchanged, compared to its average volume of 994,626. The firm has a market capitalization of $15.08 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 1.11 and a beta of 1.70. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The business's 50-day simple moving average is $235.08 and its 200 day simple moving average is $259.70. Burlington Stores has a twelve month low of $181.87 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, analysts forecast that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Travis Marquette sold 190 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the transaction, the chief operating officer now directly owns 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. Company insiders own 1.10% of the company's stock.

Institutional Trading of Burlington Stores

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Burlington Stores in the 4th quarter valued at $227,268,000. Capital International Investors raised its holdings in Burlington Stores by 7.7% during the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after purchasing an additional 367,703 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Burlington Stores by 55.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock valued at $191,560,000 after purchasing an additional 240,144 shares during the period. Steadfast Capital Management LP bought a new position in shares of Burlington Stores in the 4th quarter valued at about $67,075,000. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Burlington Stores by 30.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock worth $272,417,000 after buying an additional 225,124 shares during the period.

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.