Burlington Stores, Inc. (NYSE:BURL – Get Free Report) has been given an average rating of “Moderate Buy” by the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $246.87.
Several equities research analysts recently weighed in on the company. Robert W. Baird upped their price target on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Barclays increased their target price on Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Wells Fargo & Company increased their target price on Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. TD Cowen upped their price target on Burlington Stores from $209.00 to $257.00 and gave the company a “hold” rating in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. upped their price target on Burlington Stores from $246.00 to $284.00 and gave the company an “overweight” rating in a report on Friday, May 31st.
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Burlington Stores Price Performance
BURL opened at $235.50 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. Burlington Stores has a 52-week low of $115.66 and a 52-week high of $245.43. The stock has a market capitalization of $15.03 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61. The stock’s 50 day moving average price is $211.17 and its 200-day moving average price is $204.53.
Burlington Stores (NYSE:BURL – Get Free Report) last posted its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.38. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. On average, equities research analysts predict that Burlington Stores will post 7.6 EPS for the current year.
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.
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