Burlington Stores (NYSE:BURL - Get Rating) had its price target boosted by stock analysts at UBS Group to $186.00 in a report released on Monday, Stock Target Advisor reports. UBS Group's price objective points to a potential downside of 5.04% from the company's current price.
Several other research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Burlington Stores from $157.00 to $214.00 in a research note on Wednesday, November 23rd. StockNews.com started coverage on Burlington Stores in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Cowen raised their target price on Burlington Stores to $177.00 in a research note on Thursday. JPMorgan Chase & Co. raised their target price on Burlington Stores from $152.00 to $179.00 in a research note on Friday, September 16th. Finally, Credit Suisse Group raised their target price on Burlington Stores from $165.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, November 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.58.
Burlington Stores Stock Performance
Shares of BURL traded down $0.73 during trading hours on Monday, reaching $195.87. 1,492,721 shares of the company's stock traded hands, compared to its average volume of 1,147,487. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 78.98 and a beta of 1.00. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.12 and a quick ratio of 0.35. Burlington Stores has a twelve month low of $106.47 and a twelve month high of $304.17. The business's fifty day simple moving average is $136.16 and its two-hundred day simple moving average is $148.03.
Burlington Stores (NYSE:BURL - Get Rating) last issued its quarterly earnings results on Thursday, August 25th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.12. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.03 billion. Burlington Stores had a return on equity of 37.58% and a net margin of 1.94%. The company's quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. Analysts predict that Burlington Stores will post 3.98 earnings per share for the current year.
Institutional Investors Weigh In On Burlington Stores
Institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. boosted its position in Burlington Stores by 506.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the company's stock worth $70,000 after acquiring an additional 441 shares during the period. Bank of Nova Scotia boosted its position in Burlington Stores by 311.6% during the 2nd quarter. Bank of Nova Scotia now owns 5,914 shares of the company's stock worth $806,000 after acquiring an additional 4,477 shares during the period. Fulton Bank N.A. boosted its position in Burlington Stores by 93.1% during the 2nd quarter. Fulton Bank N.A. now owns 2,993 shares of the company's stock worth $407,000 after acquiring an additional 1,443 shares during the period. Shell Asset Management Co. boosted its position in Burlington Stores by 6.6% during the 1st quarter. Shell Asset Management Co. now owns 3,286 shares of the company's stock worth $599,000 after acquiring an additional 204 shares during the period. Finally, LRT Capital Management LLC raised its stake in shares of Burlington Stores by 87.7% during the 1st quarter. LRT Capital Management LLC now owns 10,575 shares of the company's stock worth $1,926,000 after purchasing an additional 4,941 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.
Burlington Stores Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products 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.
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