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

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

A number of other research analysts have also weighed in on BURL. Barclays cut their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group increased their price objective on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Loop Capital increased their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a report on Friday, August 30th. Robert W. Baird increased their price objective on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Trading Up 0.6 %

Shares of NYSE:BURL opened at $288.60 on Wednesday. The business’s 50-day moving average is $262.06 and its 200 day moving average is $249.44. Burlington Stores has a 1 year low of $168.49 and a 1 year high of $298.89. The firm has a market capitalization of $18.37 billion, a P/E ratio of 43.40, a P/E/G ratio of 1.48 and a beta of 1.64. 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 (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, research analysts predict 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 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 in the company, valued at approximately $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 can be accessed through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

Hedge funds have recently bought and sold shares of the business. Crewe Advisors LLC purchased a new position in shares of Burlington Stores in the second quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Burlington Stores in the third quarter valued at approximately $26,000. Brooklyn Investment Group purchased a new position in shares of Burlington Stores in the third quarter valued at approximately $33,000. ORG Partners LLC purchased a new position in shares of Burlington Stores in the second quarter valued at approximately $38,000. Finally, Blue Trust Inc. lifted its position in shares of Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares in the last quarter.

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.