JPMorgan Chase & Co. Issues Positive Forecast for Burlington Stores (NYSE:BURL) Stock Price

Key Points

• JPMorgan Chase & Co. has raised its price target for Burlington Stores from $280.00 to $338.00, indicating a potential upside of 21% based on the stock's previous closing price.
• The stock currently has a consensus rating of "Moderate Buy", with most analysts issuing buy ratings while a few have set lower price targets.
• Burlington Stores reported earnings of $1.60 per share in its last quarter, exceeding expectations, and has shown a year-over-year revenue increase of 6%.

Burlington Stores (NYSE:BURL - Get Free Report) had its target price boosted by research analysts at JPMorgan Chase & Co. from $280.00 to $338.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 23.64% from the company's current price.

Several other equities analysts also recently commented on the stock. Robert W. Baird lowered their target price on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. The Goldman Sachs Group decreased their price target on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Evercore ISI reduced their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Telsey Advisory Group reissued an "outperform" rating and issued a $300.00 target price (down previously from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. Finally, Barclays increased their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $317.57.

Burlington Stores Stock Performance

NYSE BURL traded down $7.49 during trading hours on Monday, hitting $273.38. 403,190 shares of the company's stock traded hands, compared to its average volume of 1,148,748. The business's fifty day moving average price is $246.61 and its two-hundred day moving average price is $248.39. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $17.25 billion, a P/E ratio of 33.61, a P/E/G ratio of 2.45 and a beta of 1.64. Burlington Stores has a 52 week low of $212.92 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.17. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 earnings per share. Equities research analysts predict that Burlington Stores will post 7.93 EPS for the current year.

Insider Buying and Selling 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 value of $45,149.70. Following the completion of the transaction, the chief operating officer directly owned 22,858 shares of the company's stock, valued at $5,431,746.54. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Jennifer Vecchio sold 420 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of the transaction, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,060 shares of company stock valued at $253,164. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Burlington Stores

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC boosted its stake in Burlington Stores by 14.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company's stock worth $213,000 after purchasing an additional 111 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its position in shares of Burlington Stores by 3.0% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock valued at $12,844,000 after acquiring an additional 1,305 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Burlington Stores by 72.5% during the 1st quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company's stock valued at $1,341,000 after acquiring an additional 2,365 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Burlington Stores by 5.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 23,914 shares of the company's stock valued at $5,699,000 after acquiring an additional 1,225 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC boosted its position in shares of Burlington Stores by 39.5% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company's stock valued at $130,106,000 after acquiring an additional 129,303 shares during the last quarter.

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.