Barclays Has Lowered Expectations for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its price objective decreased by stock analysts at Barclays from $327.00 to $317.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 9.93% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Morgan Stanley upped 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. Telsey Advisory Group restated an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research report on Tuesday. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, August 19th. Robert W. Baird raised their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Bank of America increased their price target on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Stock Up 0.5 %

BURL stock opened at $288.36 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The firm’s fifty day simple moving average is $262.41 and its 200-day simple moving average is $249.71. Burlington Stores has a 12 month low of $168.49 and a 12 month high of $298.89. The company has a market capitalization of $18.36 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. As a group, equities research analysts forecast that Burlington Stores will post 7.94 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 dated Thursday, September 19th. The shares were 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 directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents 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 link. 0.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Burlington Stores

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. lifted its stake in Burlington Stores by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after purchasing an additional 3,246 shares in the last quarter. Alpha DNA Investment Management LLC purchased a new position in Burlington Stores during the third quarter worth approximately $764,000. Tidal Investments LLC boosted its stake in Burlington Stores by 178.4% during the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after buying an additional 3,949 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Burlington Stores in the 1st quarter valued at $2,851,000. Finally, AMF Tjanstepension AB acquired a new stake in shares of Burlington Stores in the 2nd quarter worth $8,186,000.

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.