Robert W. Baird Issues Pessimistic Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL - Free Report) had its price target decreased by Robert W. Baird from $335.00 to $325.00 in a report published on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other analysts have also weighed in on BURL. Barclays raised their price objective on Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research note on Friday. Morgan Stanley reduced their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company reduced 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $300.00 price objective (down from $340.00) on shares of Burlington Stores in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $317.43.

Burlington Stores Price Performance

Shares of NYSE BURL traded up $0.61 during mid-day trading on Friday, reaching $228.41. The company had a trading volume of 2,004,945 shares, 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. Burlington Stores has a one year low of $212.92 and a one year high of $298.89. The firm 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. The business's 50-day simple moving average is $239.08 and its 200 day simple moving average is $259.26.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter last year, the business earned $1.35 earnings per share. Burlington Stores's revenue was up 6.0% on a year-over-year basis. On average, research analysts predict that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 22,858 shares in the company, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Burlington Stores in the first quarter worth approximately $1,043,000. Intech Investment Management LLC lifted its stake in shares of Burlington Stores by 66.3% in the first quarter. Intech Investment Management LLC now owns 12,828 shares of the company's stock worth $3,057,000 after acquiring an additional 5,113 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Burlington Stores by 0.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,671 shares of the company's stock worth $161,033,000 after acquiring an additional 3,672 shares during the period. Optimize Financial Inc lifted its stake in shares of Burlington Stores by 47.8% in the first quarter. Optimize Financial Inc now owns 3,010 shares of the company's stock worth $717,000 after acquiring an additional 974 shares during the period. Finally, United Services Automobile Association acquired a new position in shares of Burlington Stores in the first quarter worth approximately $956,000.

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.