Evercore ISI Increases Burlington Stores (NYSE:BURL) Price Target to $300.00

Burlington Stores (NYSE:BURL) had its price target hoisted by analysts at Evercore ISI from $274.00 to $300.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price target indicates a potential upside of 13.61% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Barclays upped their price target on Burlington Stores from $252.00 to $274.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday. Bank of America upped their target price on shares of Burlington Stores from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Wells Fargo & Company increased their price target on Burlington Stores from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Morgan Stanley dropped their price objective on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $262.87.

Burlington Stores Stock Performance

NYSE BURL opened at $264.06 on Monday. The firm has a market cap of $16.85 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 1.36 and a beta of 1.61. Burlington Stores has a 1-year low of $115.66 and a 1-year high of $267.58. The company has a 50 day moving average of $246.01 and a 200-day moving average of $218.53. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Burlington Stores will post 7.61 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the transaction, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.91% 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. GAMMA Investing LLC boosted its holdings in shares of Burlington Stores by 20.4% during the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after acquiring an additional 53 shares during the period. Park Avenue Securities LLC grew its stake in Burlington Stores by 3.4% during the first quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock worth $386,000 after buying an additional 54 shares in the last quarter. Signaturefd LLC increased its holdings in Burlington Stores by 9.1% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after buying an additional 54 shares during the period. First Horizon Advisors Inc. increased its stake in Burlington Stores by 12.9% in the fourth quarter. First Horizon Advisors Inc. now owns 509 shares of the company’s stock valued at $99,000 after acquiring an additional 58 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in shares of Burlington Stores by 6.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after buying an additional 65 shares in the last quarter.

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.