MKM Partners Reiterates $174.00 Price Target for Burlington Stores (BURL)

MKM Partners set a $174.00 price objective on Burlington Stores (NYSE:BURL) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also weighed in on BURL. Bank of America increased their price target on Burlington Stores from $180.00 to $190.00 and gave the company a buy rating in a research report on Wednesday, November 14th. Wedbush lowered Burlington Stores from an outperform rating to a neutral rating and set a $175.00 price target for the company. in a research report on Friday, November 2nd. Zacks Investment Research lowered Burlington Stores from a buy rating to a hold rating and set a $193.00 price target for the company. in a research report on Monday, November 12th. SunTrust Banks increased their price target on Burlington Stores to $189.00 and gave the company a buy rating in a research report on Friday, August 31st. Finally, Goldman Sachs Group began coverage on Burlington Stores in a research report on Monday, September 3rd. They issued a neutral rating and a $179.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Burlington Stores currently has an average rating of Buy and an average target price of $178.50.

NYSE:BURL opened at $165.76 on Wednesday. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.29. Burlington Stores has a 1-year low of $103.98 and a 1-year high of $180.27. The firm has a market capitalization of $11.17 billion, a P/E ratio of 37.93, a P/E/G ratio of 1.25 and a beta of 0.37.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Wednesday, November 28th. The company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.15. Burlington Stores had a return on equity of 293.30% and a net margin of 7.12%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the company posted $0.70 EPS. Burlington Stores’s revenue for the quarter was up 13.7% on a year-over-year basis. Research analysts expect that Burlington Stores will post 6.37 EPS for the current fiscal year.

In related news, insider Fred Hand sold 4,071 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $172.42, for a total value of $701,921.82. Following the completion of the sale, the insider now directly owns 68,203 shares of the company’s stock, valued at approximately $11,759,561.26. The sale was disclosed in a document filed 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 value of $381,810.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,413 shares of company stock valued at $17,274,120. Company insiders own 1.91% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BURL. Vanguard Group Inc. raised its stake in shares of Burlington Stores by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,064,065 shares of the company’s stock worth $987,957,000 after purchasing an additional 114,726 shares in the last quarter. FMR LLC raised its stake in shares of Burlington Stores by 24.0% during the 3rd quarter. FMR LLC now owns 4,272,208 shares of the company’s stock worth $696,027,000 after purchasing an additional 826,516 shares in the last quarter. BlackRock Inc. raised its stake in shares of Burlington Stores by 6.8% during the 2nd quarter. BlackRock Inc. now owns 3,135,632 shares of the company’s stock worth $472,007,000 after purchasing an additional 199,902 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Burlington Stores by 13.9% during the 3rd quarter. American Century Companies Inc. now owns 2,611,050 shares of the company’s stock worth $425,392,000 after purchasing an additional 319,216 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Burlington Stores by 5.6% during the 3rd quarter. Wells Fargo & Company MN now owns 2,154,801 shares of the company’s stock worth $351,061,000 after purchasing an additional 114,908 shares in 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, 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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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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