Burlington Stores (BURL) Given a $195.00 Price Target by Cowen Analysts

Cowen set a $195.00 target price on Burlington Stores (NYSE:BURL) in a report released on Wednesday morning. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Citigroup upped their price target on shares of Burlington Stores from $147.00 to $158.00 and gave the company a neutral rating in a research note on Tuesday, July 31st. Morgan Stanley upped their price target on shares of Burlington Stores from $150.00 to $176.00 and gave the company an overweight rating in a research note on Friday, August 31st. Zacks Investment Research upgraded shares of Burlington Stores from a hold rating to a buy rating and set a $188.00 price target on the stock in a research note on Tuesday, August 28th. Credit Suisse Group upped their price target on shares of Burlington Stores from $165.00 to $178.00 and gave the company an outperform rating in a research note on Friday, August 31st. Finally, Barclays assumed coverage on shares of Burlington Stores in a research note on Tuesday, September 11th. They issued an overweight rating and a $194.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $178.50.

NYSE:BURL opened at $165.76 on Wednesday. Burlington Stores has a one year low of $103.98 and a one year high of $180.27. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 37.93, a P/E/G ratio of 1.27 and a beta of 0.37. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.29 and a current ratio of 1.00.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Wednesday, November 28th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.15. Burlington Stores had a net margin of 7.12% and a return on equity of 293.30%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts predict that Burlington Stores will post 6.37 earnings per share for the current fiscal year.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $172.65, for a total transaction of $3,453,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John Crimmins sold 2,200 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $173.55, for a total transaction of $381,810.00. The disclosure for this sale can be found here. Insiders have sold 104,413 shares of company stock worth $17,274,120 over the last quarter. Corporate insiders own 1.91% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BURL. Acadian Asset Management LLC lifted its holdings in shares of Burlington Stores by 763.0% in the second quarter. Acadian Asset Management LLC now owns 32,569 shares of the company’s stock worth $4,903,000 after acquiring an additional 28,795 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Burlington Stores by 5.4% in the second quarter. Aperio Group LLC now owns 15,766 shares of the company’s stock worth $2,373,000 after acquiring an additional 807 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Burlington Stores in the second quarter worth about $1,050,000. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Burlington Stores by 40.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 89,003 shares of the company’s stock worth $13,398,000 after acquiring an additional 25,690 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Burlington Stores by 26.6% in the second quarter. Comerica Bank now owns 4,470 shares of the company’s stock worth $685,000 after acquiring an additional 940 shares during the last quarter.

About Burlington Stores

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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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