Deutsche Bank Boosts Burlington Stores (NYSE:BURL) Price Target to $232.00

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Burlington Stores (NYSE:BURL) had its price target upped by equities researchers at Deutsche Bank from $229.00 to $232.00 in a report released on Wednesday, November 27th, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 4.19% from the company’s previous close.

A number of other research firms have also issued reports on BURL. Robert W. Baird set a $215.00 target price on Burlington Stores and gave the company a “buy” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. increased their price objective on Burlington Stores from $237.00 to $242.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Nomura increased their price objective on Burlington Stores from $220.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Royal Bank of Canada assumed coverage on Burlington Stores in a report on Monday, November 11th. They set an “outperform” rating and a $230.00 price objective for the company. Finally, Cowen increased their price objective on Burlington Stores from $225.00 to $245.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $230.17.

Shares of BURL traded down $0.40 during trading hours on Wednesday, hitting $222.67. 1,201,555 shares of the company were exchanged, compared to its average volume of 1,055,354. The company has a market capitalization of $14.91 billion, a PE ratio of 34.58, a PEG ratio of 1.96 and a beta of 0.26. The company has a debt-to-equity ratio of 8.28, a current ratio of 0.88 and a quick ratio of 0.26. The firm has a fifty day simple moving average of $204.43 and a 200-day simple moving average of $185.39. Burlington Stores has a one year low of $136.30 and a one year high of $229.96.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.14. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. Burlington Stores had a return on equity of 145.12% and a net margin of 6.26%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. Sell-side analysts expect that Burlington Stores will post 7.34 EPS for the current year.

In other news, CMO Jennifer Vecchio sold 15,000 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $198.87, for a total value of $2,983,050.00. Following the completion of the transaction, the chief marketing officer now owns 59,637 shares in the company, valued at $11,860,010.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Fred Hand sold 21,383 shares of Burlington Stores stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $225.92, for a total transaction of $4,830,847.36. Following the completion of the transaction, the insider now owns 70,786 shares of the company’s stock, valued at approximately $15,991,973.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,702 shares of company stock worth $13,518,452. 1.86% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised 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 worth $610,000 after purchasing an additional 85 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Burlington Stores by 5.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 7,881 shares of the company’s stock worth $1,341,000 after acquiring an additional 400 shares during the period. We Are One Seven LLC grew its holdings in Burlington Stores by 14.2% during the 2nd quarter. We Are One Seven LLC now owns 4,033 shares of the company’s stock worth $686,000 after acquiring an additional 501 shares during the period. NEXT Financial Group Inc grew its holdings in Burlington Stores by 5.5% during the 2nd quarter. NEXT Financial Group Inc now owns 1,403 shares of the company’s stock worth $239,000 after acquiring an additional 73 shares during the period. Finally, Gateway Investment Advisers LLC acquired a new stake in Burlington Stores during the 2nd quarter worth $3,420,000.

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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