Analysts Set Burlington Stores, Inc. (BURL) Target Price at $103.52

Burlington Stores, Inc. (NYSE:BURL) has been given a consensus rating of “Buy” by the nineteen research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $104.62.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Friday, June 2nd. BMO Capital Markets set a $115.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Thursday, June 8th. Wolfe Research initiated coverage on shares of Burlington Stores in a research report on Friday, April 28th. They set an “outperform” rating and a $113.00 target price on the stock. BidaskClub lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Vetr lowered shares of Burlington Stores from a “strong-buy” rating to a “buy” rating and set a $105.25 target price on the stock. in a research report on Thursday, April 20th.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $88.20, for a total transaction of $1,764,000.00. Following the completion of the sale, the chief executive officer now directly owns 538,308 shares of the company’s stock, valued at $47,478,765.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joyce Manning Magrini sold 3,335 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $88.12, for a total transaction of $293,880.20. Following the sale, the insider now directly owns 53,949 shares of the company’s stock, valued at $4,753,985.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,168 shares of company stock valued at $4,591,891. Insiders own 2.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Sanders Morris Harris Inc. acquired a new stake in Burlington Stores during the first quarter worth $486,000. Columbus Circle Investors increased its stake in Burlington Stores by 0.5% in the first quarter. Columbus Circle Investors now owns 740,893 shares of the company’s stock worth $72,081,000 after buying an additional 4,024 shares during the period. Nisa Investment Advisors LLC increased its stake in Burlington Stores by 54.6% in the first quarter. Nisa Investment Advisors LLC now owns 3,710 shares of the company’s stock worth $361,000 after buying an additional 1,310 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Burlington Stores during the first quarter worth $1,436,000. Finally, Raymond James Trust N.A. increased its stake in Burlington Stores by 3.9% in the first quarter. Raymond James Trust N.A. now owns 3,768 shares of the company’s stock worth $367,000 after buying an additional 142 shares during the period.

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Shares of Burlington Stores (NYSE BURL) opened at 83.80 on Friday. The company’s 50-day moving average is $87.91 and its 200-day moving average is $92.10. Burlington Stores has a 12 month low of $68.94 and a 12 month high of $104.07. The stock has a market capitalization of $5.79 billion, a PE ratio of 26.00 and a beta of 0.51.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 25th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Burlington Stores had a net margin of 4.08% and a negative return on equity of 294.39%. Burlington Stores’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Equities research analysts expect that Burlington Stores will post $3.97 earnings per share for the current fiscal year.

Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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