TD Cowen Issues Positive Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its price objective hoisted by TD Cowen from $288.00 to $334.00 in a report issued on Monday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on BURL. UBS Group lifted their target price on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Burlington Stores in a report on Thursday, August 29th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barclays lifted their target price on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, Evercore ISI boosted 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. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $307.69.

Burlington Stores Price Performance

NYSE:BURL opened at $288.36 on Monday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The business’s 50-day simple moving average is $262.41 and its two-hundred day simple moving average is $249.71. The stock has a market cap of $18.36 billion, a PE ratio of 43.36, a P/E/G ratio of 1.48 and a beta of 1.64. Burlington Stores has a 52 week low of $168.49 and a 52 week high of $298.89.

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

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Large investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Burlington Stores by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock valued at $38,350,000 after purchasing an additional 3,246 shares during the period. Alpha DNA Investment Management LLC purchased a new stake in Burlington Stores during the third quarter worth $764,000. Tidal Investments LLC lifted its holdings in Burlington Stores by 178.4% during the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after buying an additional 3,949 shares during the period. Cetera Investment Advisers purchased a new stake in Burlington Stores during the first quarter worth $2,851,000. Finally, AMF Tjanstepension AB purchased a new stake in Burlington Stores during the second quarter worth $8,186,000.

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.