Burlington Stores Inc. (BURL) Price Target Raised to $91.00 at Telsey Advisory Group
Burlington Stores Inc. (NYSE:BURL) had its price target boosted by Telsey Advisory Group from $86.00 to $91.00 in a report released on Wednesday morning. The brokerage currently has a market perform rating on the stock.
Several other analysts also recently weighed in on BURL. Goldman Sachs Group Inc. reissued a buy rating and issued a $84.00 price target on shares of Burlington Stores in a research note on Monday, August 1st. MKM Partners raised shares of Burlington Stores from a neutral rating to a buy rating and boosted their price target for the stock from $73.00 to $94.00 in a research note on Friday, August 26th. Royal Bank Of Canada boosted their price target on shares of Burlington Stores from $82.00 to $86.00 and gave the stock an outperform rating in a research note on Friday, August 26th. Citigroup Inc. boosted their price target on shares of Burlington Stores from $75.00 to $87.00 and gave the stock a neutral rating in a research note on Friday, August 26th. Finally, BMO Capital Markets boosted their price target on shares of Burlington Stores from $69.00 to $96.00 and gave the stock an outperform rating in a research note on Friday, August 26th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $86.91.
Burlington Stores (NYSE:BURL) opened at 89.68 on Wednesday. The company has a market cap of $6.34 billion, a PE ratio of 38.41 and a beta of 0.47. The stock’s 50 day moving average is $76.11 and its 200-day moving average is $72.36. Burlington Stores has a 52-week low of $40.89 and a 52-week high of $91.67.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Burlington Stores had a net margin of 3.48% and a negative return on equity of 209.34%. The company earned $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $0.25 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts predict that Burlington Stores will post $3.08 EPS for the current fiscal year.
In other Burlington Stores news, insider Mike Metheny sold 4,000 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $82.32, for a total value of $329,280.00. Following the sale, the insider now owns 6,281 shares in the company, valued at $517,051.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joyce Manning Magrini sold 6,300 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $79.80, for a total transaction of $502,740.00. Following the completion of the sale, the insider now owns 89,978 shares in the company, valued at approximately $7,180,244.40. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Burlington Stores by 2.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,290 shares of the company’s stock worth $105,000 after buying an additional 32 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Burlington Stores during the third quarter valued at about $106,000. Catalyst Capital Advisors LLC purchased a new position in shares of Burlington Stores during the third quarter valued at about $109,000. Advisor Group Inc. purchased a new position in shares of Burlington Stores during the second quarter valued at about $112,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of Burlington Stores during the second quarter valued at about $120,000.
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About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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