Barclays Issues Pessimistic Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its target price lowered by research analysts at Barclays from $327.00 to $317.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 10.48% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on BURL. Evercore ISI upped their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. TD Cowen raised their price target on shares of Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a report on Monday. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Monday, August 19th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Loop Capital lifted their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $303.88.

Burlington Stores Trading Down 1.6 %

NYSE BURL opened at $286.94 on Wednesday. Burlington Stores has a one year low of $168.49 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The company has a market capitalization of $18.27 billion, a price-to-earnings ratio of 43.15, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The company’s 50-day simple moving average is $261.73 and its two-hundred day simple moving average is $248.76.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. Burlington Stores’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. Equities analysts forecast that Burlington Stores will post 7.94 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Institutional investors and hedge funds have recently modified their holdings of the stock. Crewe Advisors LLC purchased a new position in shares of Burlington Stores during the 2nd quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores in the third quarter valued at $26,000. Brooklyn Investment Group acquired a new position in shares of Burlington Stores in the third quarter worth about $33,000. ORG Partners LLC purchased a new stake in shares of Burlington Stores during the 2nd quarter worth about $38,000. Finally, Blue Trust Inc. grew its position in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares during the period.

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.