Burlington Stores, Inc. (NYSE:BURL) Receives $210.69 Average Price Target from Analysts

Shares of Burlington Stores, Inc. (NYSE:BURL) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $210.69.

BURL has been the subject of several recent research reports. Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. Evercore ISI increased their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 target price (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the sale, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rise Advisors LLC acquired a new stake in shares of Burlington Stores during the 1st quarter valued at approximately $40,000. Lindbrook Capital LLC lifted its position in shares of Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after acquiring an additional 94 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of Burlington Stores by 58.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the period. Quarry LP acquired a new stake in shares of Burlington Stores during the 1st quarter valued at approximately $39,000. Finally, Mather Group LLC. acquired a new stake in shares of Burlington Stores during the 1st quarter valued at approximately $48,000.

Burlington Stores Stock Performance

Shares of BURL stock opened at $180.92 on Friday. The stock’s 50-day moving average is $208.54 and its two-hundred day moving average is $179.14. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 1.11 and a beta of 1.49. Burlington Stores has a 1 year low of $115.66 and a 1 year high of $232.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.02. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.96 earnings per share. Analysts predict that Burlington Stores will post 7.41 earnings per share for the current year.

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.