Burlington Stores (NYSE:BURL) Price Target Lowered to $316.00 at The Goldman Sachs Group

Burlington Stores (NYSE:BURL - Free Report) had its target price lowered by The Goldman Sachs Group from $317.00 to $316.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also commented on the stock. Morgan Stanley lowered their price target on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Evercore ISI decreased their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Loop Capital decreased their target price on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wells Fargo & Company decreased their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, May 19th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $316.79.

Burlington Stores Stock Performance

NYSE:BURL traded down $2.82 during mid-day trading on Tuesday, reaching $277.10. 759,779 shares of the company's stock were exchanged, compared to its average volume of 917,537. Burlington Stores has a one year low of $212.92 and a one year high of $298.89. The firm has a market capitalization of $17.48 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64. The business's fifty day simple moving average is $245.09 and its two-hundred day simple moving average is $248.56. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06.

Burlington Stores (NYSE:BURL - Get Free Report) last released 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 net margin of 4.88% and a return on equity of 44.03%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm earned $1.35 earnings per share. Burlington Stores's revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the sale, the chief accounting officer directly owned 2,389 shares in the company, valued at $576,680.71. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $45,149.70. Following the sale, the chief operating officer owned 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 have sold a total of 1,060 shares of company stock worth $253,164 in the last ninety days. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds have recently added to or reduced their stakes in BURL. Golden State Wealth Management LLC lifted its position in shares of 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. WPG Advisers LLC acquired a new position in shares of Burlington Stores in the 1st quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Burlington Stores by 250.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 186 shares of the company's stock worth $43,000 after purchasing an additional 133 shares during the period. Brooklyn Investment Group lifted its position in shares of Burlington Stores by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company's stock worth $49,000 after purchasing an additional 67 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Burlington Stores by 362.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 222 shares of the company's stock worth $52,000 after purchasing an additional 174 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.