Burlington Stores, Inc. (NYSE:BURL) Receives $208.45 Consensus Price Target from Analysts

Shares of Burlington Stores, Inc. (NYSE:BURL) have been given a consensus rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $208.45.

A number of research firms have issued reports on BURL. Citigroup reduced their target price on shares of Burlington Stores from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Sanford C. Bernstein reduced their target price on shares of Burlington Stores from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Sunday, August 27th. Barclays reduced their target price on shares of Burlington Stores from $213.00 to $211.00 and set an “overweight” rating on the stock in a report on Friday, August 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $225.00 target price on shares of Burlington Stores in a report on Wednesday, November 15th. Finally, Gordon Haskett lowered shares of Burlington Stores from a “buy” rating to a “hold” rating and set a $137.00 target price on the stock. in a report on Wednesday, September 27th.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds and other institutional investors have recently bought and sold shares of BURL. Bank of Montreal Can raised its stake in Burlington Stores by 5.8% during the 1st quarter. Bank of Montreal Can now owns 6,412 shares of the company’s stock worth $1,222,000 after acquiring an additional 349 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Burlington Stores during the 1st quarter worth $246,000. MetLife Investment Management LLC purchased a new position in Burlington Stores during the 1st quarter worth $751,000. Yousif Capital Management LLC grew its position in Burlington Stores by 8.5% during the 1st quarter. Yousif Capital Management LLC now owns 1,538 shares of the company’s stock worth $280,000 after purchasing an additional 120 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in Burlington Stores by 14.9% during the 1st quarter. Raymond James Trust N.A. now owns 1,471 shares of the company’s stock worth $268,000 after purchasing an additional 191 shares during the last quarter.

Burlington Stores Stock Performance

NYSE:BURL opened at $136.75 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.46 and a current ratio of 1.17. The stock has a market capitalization of $8.87 billion, a P/E ratio of 33.68, a PEG ratio of 0.82 and a beta of 1.23. The company has a 50 day moving average price of $129.66 and a 200 day moving average price of $151.28. Burlington Stores has a fifty-two week low of $115.66 and a fifty-two week high of $239.94.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.17. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Burlington Stores had a net margin of 2.92% and a return on equity of 41.25%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. Equities research analysts forecast that Burlington Stores will post 5.66 EPS for the current year.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products 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.