Robert W. Baird Issues Positive Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its target price increased by Robert W. Baird from $315.00 to $330.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

BURL has been the subject of a number of other reports. Wells Fargo & Company increased their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Bank of America raised their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Monday, August 19th. Evercore ISI lifted their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Loop Capital raised their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $307.69.

Burlington Stores Stock Performance

NYSE BURL opened at $288.60 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. Burlington Stores has a 1 year low of $168.49 and a 1 year high of $298.89. The company has a market capitalization of $18.37 billion, a PE ratio of 43.40, a P/E/G ratio of 1.48 and a beta of 1.64. The company has a fifty day moving average of $262.06 and a two-hundred day moving average of $249.44.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. As a group, analysts expect that Burlington Stores will post 7.94 earnings per share for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores 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 of the company’s stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

Several large investors have recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after purchasing an additional 47 shares during the period. Tributary Capital Management LLC grew its position in shares of Burlington Stores by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after buying an additional 50 shares during the last quarter. GAMMA Investing LLC raised its stake in 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. Signaturefd LLC raised its stake in Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after acquiring an additional 54 shares during the period. Finally, Mount Lucas Management LP lifted its holdings in Burlington Stores by 2.4% in the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after acquiring an additional 54 shares during the last quarter.

Burlington Stores Company Profile

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.