Burlington Stores (NYSE:BURL) Price Target Raised to $300.00

Burlington Stores (NYSE:BURL) had its target price boosted by Wells Fargo & Company from $275.00 to $300.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 17.65% from the company’s current price.

Several other research analysts have also recently commented on BURL. Robert W. Baird increased their price target on Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Bank of America increased their price target on Burlington Stores from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, May 31st. UBS Group raised their price objective on Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of Burlington Stores in a research report on Thursday, May 30th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.80.

Burlington Stores Stock Up 1.1 %

NYSE:BURL opened at $255.00 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. The company has a market cap of $16.28 billion, a PE ratio of 42.71, a PEG ratio of 1.31 and a beta of 1.61. Burlington Stores has a 52-week low of $115.66 and a 52-week high of $255.79. The stock has a 50-day simple moving average of $228.90 and a 200 day simple moving average of $210.18.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts expect that Burlington Stores will post 7.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Burlington Stores

Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. bought a new position in shares of Burlington Stores during the fourth quarter worth approximately $1,875,000. Amalgamated Bank increased its stake in shares of Burlington Stores by 416.8% during the fourth quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock worth $7,290,000 after purchasing an additional 30,233 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Burlington Stores during the fourth quarter worth approximately $3,540,000. State of Alaska Department of Revenue increased its stake in shares of Burlington Stores by 77.8% during the fourth quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock worth $3,204,000 after purchasing an additional 7,210 shares during the period. Finally, Clearbridge Investments LLC increased its stake in Burlington Stores by 19.3% during the 4th quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock worth $122,746,000 after acquiring an additional 101,950 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.