Burlington Stores (NYSE:BURL) had its price target boosted by JPMorgan Chase & Co. from $237.00 to $242.00 in a research report sent to investors on Friday, September 20th, The Fly reports. The brokerage currently has an overweight rating on the stock.
BURL has been the subject of several other reports. Wedbush upped their target price on Burlington Stores from $162.00 to $200.00 and gave the stock a neutral rating in a research note on Tuesday, September 3rd. Goldman Sachs Group set a $197.00 price target on Burlington Stores and gave the company a hold rating in a research note on Friday, August 30th. They noted that the move was a valuation call. DA Davidson increased their price target on Burlington Stores from $193.00 to $235.00 and gave the company a buy rating in a research note on Friday, August 30th. Wells Fargo & Co reiterated a buy rating on shares of Burlington Stores in a research note on Thursday, August 29th. Finally, Morgan Stanley increased their price target on Burlington Stores from $168.00 to $225.00 and gave the company an overweight rating in a research note on Friday, August 30th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $205.06.
NYSE:BURL traded up $2.19 during trading hours on Friday, reaching $199.52. 786,516 shares of the company were exchanged, compared to its average volume of 744,315. The company has a market capitalization of $12.87 billion, a P/E ratio of 30.98, a P/E/G ratio of 1.69 and a beta of 0.24. Burlington Stores has a 1-year low of $136.30 and a 1-year high of $209.36. The company has a debt-to-equity ratio of 9.99, a current ratio of 0.90 and a quick ratio of 0.28. The business has a 50 day moving average of $195.16 and a 200 day moving average of $174.32.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.21. Burlington Stores had a return on equity of 163.50% and a net margin of 6.11%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Burlington Stores will post 7.22 earnings per share for the current fiscal year.
In other Burlington Stores news, Director William P. Mcnamara sold 828 shares of Burlington Stores stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $205.54, for a total transaction of $170,187.12. Following the transaction, the director now owns 7,821 shares of the company’s stock, valued at approximately $1,607,528.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Jennifer Vecchio sold 15,000 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $198.87, for a total transaction of $2,983,050.00. Following the transaction, the chief marketing officer now directly owns 59,637 shares in the company, valued at approximately $11,860,010.19. The disclosure for this sale can be found here. Insiders have sold a total of 102,676 shares of company stock valued at $20,135,128 in the last quarter. Company insiders own 1.86% of the company’s stock.
Several large investors have recently bought and sold shares of BURL. Carillon Tower Advisers Inc. grew its stake in Burlington Stores by 0.9% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 577,172 shares of the company’s stock valued at $98,205,000 after buying an additional 5,326 shares in the last quarter. Northern Trust Corp grew its stake in Burlington Stores by 1.0% in the 2nd quarter. Northern Trust Corp now owns 414,586 shares of the company’s stock valued at $70,542,000 after buying an additional 3,976 shares in the last quarter. Primecap Management Co. CA grew its position in shares of Burlington Stores by 10.8% during the 2nd quarter. Primecap Management Co. CA now owns 36,900 shares of the company’s stock valued at $6,279,000 after purchasing an additional 3,600 shares in the last quarter. UBS Group AG grew its position in shares of Burlington Stores by 143.1% during the 2nd quarter. UBS Group AG now owns 58,513 shares of the company’s stock valued at $9,956,000 after purchasing an additional 34,443 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Burlington Stores during the 2nd quarter valued at $3,641,000.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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