Brokerages Set Burlington Stores, Inc. (NYSE:BURL) PT at $210.69

Shares of Burlington Stores, Inc. (NYSE:BURL - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $210.69.

Several brokerages recently issued reports on BURL. Telsey Advisory Group reiterated an "outperform" rating and set a $250.00 price target (up previously from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. StockNews.com raised Burlington Stores from a "hold" rating to a "buy" rating in a research note on Saturday, March 9th. Evercore ISI upped their price target on Burlington Stores from $220.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Finally, Piper Sandler raised Burlington Stores from a "neutral" rating to an "overweight" rating and upped their price target for the company from $155.00 to $240.00 in a research note on Wednesday, January 17th.

Burlington Stores Stock Performance

Burlington Stores stock traded down $8.04 on Friday, hitting $190.02. The company's stock had a trading volume of 1,313,776 shares, compared to its average volume of 890,277. Burlington Stores has a one year low of $115.66 and a one year high of $232.69. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average price of $208.98 and a 200-day moving average price of $177.82. The firm has a market cap of $12.14 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company earned $2.96 EPS. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts anticipate that Burlington Stores will post 7.41 earnings per share for the current year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the sale, the chief marketing officer now owns 61,115 shares of the company's stock, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds have recently added to or reduced their stakes in BURL. Bank of Montreal Can lifted its holdings in Burlington Stores by 5.8% during the 1st quarter. Bank of Montreal Can now owns 6,412 shares of the company's stock valued at $1,222,000 after purchasing an additional 349 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Burlington Stores during the 1st quarter worth $246,000. MetLife Investment Management LLC bought a new position in Burlington Stores during the 1st quarter worth $751,000. Yousif Capital Management LLC increased its position in Burlington Stores by 8.5% during the 1st quarter. Yousif Capital Management LLC now owns 1,538 shares of the company's stock worth $280,000 after buying an additional 120 shares during the period. Finally, Raymond James Trust N.A. increased its position in Burlington Stores by 14.9% during the 1st quarter. Raymond James Trust N.A. now owns 1,471 shares of the company's stock worth $268,000 after buying an additional 191 shares during the period.

About Burlington Stores

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.