Burlington Stores Inc (NYSE:BURL) Receives $230.95 Consensus Target Price from Analysts

Burlington Stores Inc (NYSE:BURL) has received a consensus recommendation of “Buy” from the twenty-four research firms that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $225.45.

A number of brokerages have commented on BURL. Citigroup lowered their target price on Burlington Stores from $260.00 to $205.00 and set a “buy” rating on the stock in a research note on Tuesday. MKM Partners raised their price objective on Burlington Stores from $238.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI started coverage on Burlington Stores in a research note on Friday, February 14th. They issued a “hold” rating and a $225.00 price target on the stock. Nomura dropped their price target on Burlington Stores from $252.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Finally, Telsey Advisory Group reissued a “market perform” rating on shares of Burlington Stores in a research note on Monday, March 2nd.

BURL traded up $7.46 on Friday, hitting $162.00. The company’s stock had a trading volume of 1,450,300 shares, compared to its average volume of 912,150. The company’s 50 day simple moving average is $207.73 and its 200-day simple moving average is $210.78. The firm has a market cap of $8.92 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.42 and a beta of 0.26. Burlington Stores has a 12 month low of $105.67 and a 12 month high of $250.89. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 6.29.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 5th. The company reported $3.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.02. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.21 billion. Burlington Stores had a net margin of 6.38% and a return on equity of 131.83%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.83 earnings per share. Equities analysts predict that Burlington Stores will post 8.13 earnings per share for the current fiscal year.

In other Burlington Stores news, Chairman Thomas Kingsbury sold 25,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $231.89, for a total transaction of $5,797,250.00. Following the sale, the chairman now owns 141,441 shares of the company’s stock, valued at $32,798,753.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.86% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of BURL. Capital World Investors purchased a new position in Burlington Stores in the 4th quarter worth $806,428,000. Alliancebernstein L.P. boosted its holdings in Burlington Stores by 16.3% in the fourth quarter. Alliancebernstein L.P. now owns 2,503,585 shares of the company’s stock valued at $570,892,000 after purchasing an additional 351,773 shares in the last quarter. Third Point LLC boosted its holdings in Burlington Stores by 114.3% in the third quarter. Third Point LLC now owns 1,500,000 shares of the company’s stock valued at $299,730,000 after purchasing an additional 800,000 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Burlington Stores by 10.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 767,734 shares of the company’s stock valued at $175,066,000 after purchasing an additional 71,445 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Burlington Stores by 13.0% in the fourth quarter. Geode Capital Management LLC now owns 747,841 shares of the company’s stock valued at $170,377,000 after purchasing an additional 85,887 shares in the last quarter.

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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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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