UBS Group Issues Positive Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its target price lifted by UBS Group from $270.00 to $280.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also commented on the company. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Monday, August 19th. Bank of America lifted their price objective on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Cowen upped their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group lifted their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Barclays increased their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $297.56.

Burlington Stores Stock Performance

Shares of NYSE:BURL opened at $268.94 on Thursday. The business has a fifty day moving average of $260.80 and a 200-day moving average of $244.48. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores has a twelve month low of $128.57 and a twelve month high of $282.49. The firm has a market cap of $17.12 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the company posted $0.60 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. raised its stake in shares of Burlington Stores by 18.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,232 shares of the company’s stock valued at $750,000 after purchasing an additional 501 shares during the period. Sei Investments Co. raised its holdings in shares of Burlington Stores by 167.5% in the first quarter. Sei Investments Co. now owns 68,588 shares of the company’s stock valued at $15,923,000 after purchasing an additional 42,950 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Burlington Stores by 42.2% in the first quarter. Russell Investments Group Ltd. now owns 27,650 shares of the company’s stock worth $6,409,000 after purchasing an additional 8,200 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Burlington Stores by 15.8% during the first quarter. Bleakley Financial Group LLC now owns 1,902 shares of the company’s stock worth $442,000 after purchasing an additional 260 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Burlington Stores by 26.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 32,682 shares of the company’s stock valued at $7,588,000 after purchasing an additional 6,735 shares in the last quarter.

Burlington Stores Company Profile

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.