Brokerages Set Burlington Stores, Inc. (NYSE:BURL) PT at $210.69

Shares of Burlington Stores, Inc. (NYSE:BURL) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $210.69.

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $155.00 to $240.00 in a research note on Wednesday, January 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $250.00 price objective (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Finally, Evercore ISI boosted their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd.

Burlington Stores Trading Down 0.3 %

NYSE:BURL opened at $179.29 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $11.45 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49. The firm’s 50 day moving average is $207.84 and its 200 day moving average is $179.15. Burlington Stores has a 12 month low of $115.66 and a 12 month high of $232.69.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. Burlington Stores’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.96 EPS. Sell-side analysts expect that Burlington Stores will post 7.41 earnings per share for the current year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the sale, the chief marketing officer now owns 61,115 shares in the company, valued at $13,765,542.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

A number of institutional investors have recently made changes to their positions in the company. Capital International Investors grew its holdings in shares of Burlington Stores by 1.1% during the fourth quarter. Capital International Investors now owns 7,283,220 shares of the company’s stock valued at $1,416,479,000 after buying an additional 78,958 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Burlington Stores by 6.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,854,793 shares of the company’s stock valued at $1,389,878,000 after purchasing an additional 415,655 shares during the period. Vanguard Group Inc. lifted its position in Burlington Stores by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock valued at $1,211,092,000 after purchasing an additional 226,804 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Burlington Stores by 8.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,672,007 shares of the company’s stock valued at $325,173,000 after purchasing an additional 125,082 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in Burlington Stores by 300.5% during the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after purchasing an additional 775,961 shares during the period.

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.