Burlington Stores (NYSE:BURL) Price Target Raised to $339.00 at TD Cowen

Burlington Stores (NYSE:BURL) had its price objective hoisted by investment analysts at TD Cowen from $334.00 to $339.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 15.88% from the stock’s current price.

BURL has been the topic of a number of other research reports. Loop Capital boosted their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Citigroup boosted their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Monday, August 19th. Finally, Robert W. Baird boosted their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $308.00.

Burlington Stores Price Performance

Shares of NYSE BURL traded down $2.95 during midday trading on Thursday, reaching $292.54. The company’s stock had a trading volume of 347,245 shares, compared to its average volume of 897,774. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The business’s 50 day moving average price is $266.52 and its two-hundred day moving average price is $256.50. The company has a market cap of $18.57 billion, a P/E ratio of 40.17, a P/E/G ratio of 1.54 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. On average, analysts forecast that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the sale, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,283 shares of company stock valued at $638,628. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors have recently bought and sold shares of BURL. Sequoia Financial Advisors LLC grew its stake in Burlington Stores by 2.8% during the second quarter. Sequoia Financial Advisors LLC now owns 2,623 shares of the company’s stock valued at $630,000 after acquiring an additional 71 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Burlington Stores by 31.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,311 shares of the company’s stock valued at $795,000 after acquiring an additional 789 shares in the last quarter. ORG Partners LLC bought a new position in Burlington Stores during the second quarter valued at $38,000. Envestnet Portfolio Solutions Inc. lifted its position in Burlington Stores by 16.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,774 shares of the company’s stock valued at $906,000 after purchasing an additional 542 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Burlington Stores by 1,917.3% during the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after purchasing an additional 196,986 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.