Burlington Stores (NYSE:BURL) Price Target Raised to $299.00 at Barclays

Burlington Stores (NYSE:BURL - Get Free Report) had its target price increased by research analysts at Barclays from $254.00 to $299.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 30.90% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the stock. Citigroup lowered their price objective 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $300.00 price objective (down previously from $340.00) on shares of Burlington Stores in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Wells Fargo & Company lowered their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley lowered their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $317.43.

Burlington Stores Stock Up 0.3%

Shares of BURL traded up $0.61 during midday trading on Friday, hitting $228.41. The company had a trading volume of 2,004,945 shares, compared to its average volume of 989,759. The company's 50 day moving average price is $239.08 and its 200 day moving average price is $259.26. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 1.11 and a beta of 1.70. Burlington Stores has a 52 week low of $212.92 and a 52 week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

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

Insider Transactions at Burlington Stores

In related news, COO Travis Marquette sold 190 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction 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 $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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 disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Burlington Stores

Large investors have recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after acquiring 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 valued at $25,000 after acquiring an additional 75 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $31,000. WPG Advisers LLC acquired a new stake in shares of Burlington Stores during the first quarter valued at approximately $26,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after acquiring 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.