Burlington Stores (NYSE:BURL) Price Target Raised to $305.00 at Morgan Stanley

Burlington Stores (NYSE:BURL) had its target price lifted by Morgan Stanley from $285.00 to $305.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also commented on the stock. UBS Group increased their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. The Goldman Sachs Group increased their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company raised their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Loop Capital raised their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $307.69.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $288.60 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The firm has a fifty day moving average price of $262.06 and a 200 day moving average price of $249.44. Burlington Stores has a fifty-two week low of $168.49 and a fifty-two week high of $298.89. The firm has a market cap of $18.37 billion, a price-to-earnings ratio of 43.40, a P/E/G ratio of 1.48 and a beta of 1.64.

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

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction 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 completion of the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. grew its stake in Burlington Stores by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock valued at $38,350,000 after purchasing an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC bought a new stake in shares of Burlington Stores in the 3rd quarter valued at about $764,000. Tidal Investments LLC grew its position in shares of Burlington Stores by 178.4% in the 1st 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 bought a new position in shares of Burlington Stores during the 1st quarter worth approximately $2,851,000. Finally, AMF Tjanstepension AB purchased a new stake in Burlington Stores during the second quarter valued at approximately $8,186,000.

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.