Burlington Stores (NYSE:BURL) Stock Price Expected to Rise, Evercore ISI Analyst Says

Burlington Stores (NYSE:BURL) had its price target lifted by investment analysts at Evercore ISI from $315.00 to $340.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 18.20% from the company’s current price.

BURL has been the subject of a number of other research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday. Loop Capital raised their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Cowen lifted their price target on Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company increased their price objective on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, Morgan Stanley raised their price objective on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.38.

Burlington Stores Trading Up 0.2 %

Shares of NYSE BURL traded up $0.70 during mid-day trading on Wednesday, hitting $287.64. 174,890 shares of the company traded hands, compared to its average volume of 896,900. 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 1 year low of $168.49 and a 1 year high of $298.89. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 43.25, a PEG ratio of 1.48 and a beta of 1.64. The business has a 50 day moving average of $262.06 and a two-hundred day moving average of $249.44.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts anticipate that Burlington Stores will post 7.94 earnings per share for the current fiscal year.

Insider Activity

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its position in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares during the period. AQR Capital Management LLC lifted its stake in shares of Burlington Stores by 2,542.2% in the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock worth $59,114,000 after buying an additional 238,585 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Burlington Stores by 54.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after buying an additional 207,959 shares during the period. Marshall Wace LLP bought a new stake in shares of Burlington Stores during the 2nd quarter worth $47,725,000. Finally, Assenagon Asset Management S.A. grew its stake in Burlington Stores by 1,917.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after buying an additional 196,986 shares during 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.