TD Cowen Issues Positive Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its price target hoisted by TD Cowen from $288.00 to $334.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a research report on Thursday, August 29th. Loop Capital upped their target price on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Barclays upped their target price on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, August 19th. Finally, Morgan Stanley upped their target price on Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Stock Performance

Shares of BURL stock opened at $288.36 on Monday. The business’s fifty day simple moving average is $262.41 and its 200-day simple moving average is $249.71. The company has a market cap of $18.36 billion, a PE ratio of 43.36, a PEG ratio of 1.48 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. Burlington Stores has a 12-month low of $168.49 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. Analysts expect that Burlington Stores will post 7.94 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crewe Advisors LLC purchased a new position in Burlington Stores in the 2nd quarter valued at about $25,000. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores in the 3rd quarter valued at about $26,000. Brooklyn Investment Group purchased a new position in Burlington Stores in the 3rd quarter valued at about $33,000. ORG Partners LLC purchased a new position in Burlington Stores in the 2nd quarter valued at about $38,000. Finally, Blue Trust Inc. lifted its stake in Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after buying 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.