UBS Group Issues Positive Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its price objective hoisted by UBS Group from $270.00 to $280.00 in a research note published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently issued reports on BURL. Telsey Advisory Group reissued an “outperform” rating and issued a $300.00 target price on shares of Burlington Stores in a research note on Thursday, August 29th. Citigroup upped their price objective on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Cowen upped their price objective on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Loop Capital upped their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company upped their price objective on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus target price of $297.56.

Burlington Stores Trading Down 0.5 %

NYSE BURL traded down $1.32 on Thursday, reaching $268.27. The company had a trading volume of 302,232 shares, compared to its average volume of 885,308. The stock’s 50 day moving average is $260.62 and its 200-day moving average is $243.43. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 1.36 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores has a 52 week low of $128.57 and a 52 week high of $282.49.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Equities analysts predict that Burlington Stores will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

A number of large investors have recently made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in Burlington Stores during the second quarter worth approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores during the third quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in Burlington Stores during the third quarter worth approximately $33,000. ORG Partners LLC acquired a new stake in Burlington Stores during the second quarter worth approximately $38,000. Finally, Blue Trust Inc. grew its position in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after buying an additional 161 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.