Evercore ISI Has Lowered Expectations for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL - Get Free Report) had its price target dropped by investment analysts at Evercore ISI from $345.00 to $310.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Evercore ISI's price objective suggests a potential upside of 35.72% from the company's previous close.

A number of other research firms also recently commented on BURL. Wells Fargo & Company reduced their target price on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $300.00 target price (down previously from $340.00) on shares of Burlington Stores in a report on Thursday. UBS Group raised their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Morgan Stanley cut their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Finally, Barclays raised their price target on Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a report on Friday. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average target price of $317.43.

Burlington Stores Stock Performance

NYSE:BURL traded up $0.61 during trading hours on Friday, reaching $228.41. 2,004,945 shares of the stock were exchanged, compared to its average volume of 989,759. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a 50 day simple moving average of $239.08 and a 200-day simple moving average of $259.26. Burlington Stores has a 52 week low of $212.92 and a 52 week high of $298.89. The stock has a market capitalization of $14.39 billion, a P/E ratio of 31.29, a P/E/G ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $1.35 EPS. Burlington Stores's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares of the company's stock, valued at $16,797,239.64. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Travis Marquette sold 190 shares of the firm's stock in a transaction 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 sale, the chief operating officer now directly owns 22,858 shares of the company's stock, valued at approximately $5,431,746.54. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Institutional Trading of Burlington Stores

Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc boosted its position in shares of Burlington Stores by 81.6% in the fourth 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 boosted its position in shares of Burlington Stores by 258.6% in the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after buying an additional 75 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of Burlington Stores in the fourth quarter worth $31,000. WPG Advisers LLC acquired a new stake in shares of Burlington Stores in the first quarter worth $26,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after buying an additional 69 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.