Burlington Stores (NYSE:BURL) Price Target Lowered to $305.00 at Loop Capital

Burlington Stores (NYSE:BURL - Get Free Report) had its price objective lowered by stock analysts at Loop Capital from $315.00 to $305.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Loop Capital's target price would indicate a potential upside of 33.53% from the stock's previous close.

BURL has been the topic of several other research reports. Barclays boosted their target price on Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research report on Friday. Morgan Stanley dropped their target price on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Citigroup dropped their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company lowered 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, JPMorgan Chase & Co. boosted their price objective on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus price target of $317.43.

Burlington Stores Trading Up 0.3%

Shares of Burlington Stores stock traded up $0.61 during midday trading on Friday, reaching $228.41. 2,004,945 shares of the company's stock traded hands, compared to its average volume of 989,759. 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 company has a market cap of $14.39 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. The stock has a 50 day moving average of $239.08 and a 200-day moving average of $259.26. Burlington Stores has a 12 month low of $212.92 and a 12 month high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $1.35 EPS. Burlington Stores's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts expect that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction 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 completion of the transaction, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. The trade was a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Travis Marquette sold 190 shares of Burlington Stores 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of Burlington Stores

Several institutional investors have recently added to or reduced their stakes in BURL. IFP Advisors Inc raised its position in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares during the period. Golden State Wealth Management LLC boosted its stake in Burlington Stores by 258.6% in the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after purchasing an additional 75 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Burlington Stores during the 4th quarter valued at about $31,000. WPG Advisers LLC bought a new stake in shares of Burlington Stores during the 1st quarter valued at about $26,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after buying an additional 69 shares in 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.