Equities research analysts at Barclays assumed coverage on shares of Burlington Stores (NYSE:BURL) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm set an “overweight” rating and a $239.00 price target on the stock. Barclays‘s price objective would suggest a potential upside of 15.32% from the company’s previous close.

A number of other analysts have also recently weighed in on BURL. ValuEngine cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley raised their price objective on shares of Burlington Stores from $168.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Royal Bank of Canada assumed coverage on shares of Burlington Stores in a report on Monday, November 11th. They set an “outperform” rating and a $230.00 price objective on the stock. Loop Capital raised their price objective on shares of Burlington Stores from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, MKM Partners raised their price objective on shares of Burlington Stores from $180.00 to $238.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Burlington Stores currently has a consensus rating of “Buy” and a consensus price target of $214.22.

NYSE:BURL traded up $4.25 during mid-day trading on Tuesday, hitting $207.25. The stock had a trading volume of 692,885 shares, compared to its average volume of 789,368. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 9.99. Burlington Stores has a twelve month low of $136.30 and a twelve month high of $209.36. The stock has a 50-day simple moving average of $198.13 and a two-hundred day simple moving average of $181.15. The company has a market capitalization of $13.22 billion, a PE ratio of 32.18, a PEG ratio of 1.74 and a beta of 0.22.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.21. Burlington Stores had a net margin of 6.11% and a return on equity of 163.50%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company earned $1.09 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Sell-side analysts predict that Burlington Stores will post 7.22 EPS for the current fiscal year.

In other news, SVP Thomas Kingsbury sold 2,000 shares of Burlington Stores stock in a transaction on Friday, August 30th. The shares were sold at an average price of $41.12, for a total value of $82,240.00. Following the transaction, the senior vice president now directly owns 3,092 shares of the company’s stock, valued at approximately $127,143.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 15,000 shares of Burlington Stores stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $198.87, for a total transaction of $2,983,050.00. Following the completion of the transaction, the chief marketing officer now directly owns 59,637 shares in the company, valued at $11,860,010.19. The disclosure for this sale can be found here. Insiders sold a total of 96,190 shares of company stock worth $19,043,989 over the last ninety days. Corporate insiders own 1.86% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Trillium Asset Management LLC grew its position in Burlington Stores by 0.5% in the 3rd quarter. Trillium Asset Management LLC now owns 10,721 shares of the company’s stock valued at $2,142,000 after buying an additional 55 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Burlington Stores by 0.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 10,692 shares of the company’s stock valued at $1,819,000 after buying an additional 61 shares during the last quarter. Shaker Investments LLC OH grew its position in Burlington Stores by 0.7% in the 2nd quarter. Shaker Investments LLC OH now owns 9,905 shares of the company’s stock valued at $1,685,000 after buying an additional 70 shares during the last quarter. NEXT Financial Group Inc grew its position in Burlington Stores by 5.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,403 shares of the company’s stock valued at $239,000 after buying an additional 73 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Burlington Stores by 2.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,585 shares of the company’s stock valued at $610,000 after buying an additional 85 shares during the last quarter.

Burlington Stores Company Profile

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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