Burlington Stores (NYSE:BURL) Given New $305.00 Price Target at Morgan Stanley

Burlington Stores (NYSE:BURLGet Free Report) had its price target lifted by equities research analysts at Morgan Stanley from $285.00 to $305.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 6.58% from the stock’s current price.

A number of other research firms also recently weighed in on BURL. Citigroup upped their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. UBS Group boosted their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Robert W. Baird raised their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $307.69.

Check Out Our Latest Research Report on BURL

Burlington Stores Trading Down 0.3 %

Shares of BURL stock traded down $0.76 during trading hours on Wednesday, hitting $286.18. 241,317 shares of the company were exchanged, compared to its average volume of 897,277. The company has a 50 day simple moving average of $262.06 and a two-hundred day simple moving average of $249.44. The firm has a market cap of $18.22 billion, a P/E ratio of 43.03, a P/E/G ratio of 1.48 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores has a fifty-two week low of $168.49 and a fifty-two week high of $298.89.

Burlington Stores (NYSE:BURLGet Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the company posted $0.98 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Equities analysts anticipate that Burlington Stores will post 7.94 EPS for the current year.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares during the period. AQR Capital Management LLC increased its stake in shares of Burlington Stores by 2,542.2% in the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock worth $59,114,000 after purchasing an additional 238,585 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after purchasing an additional 207,959 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Burlington Stores in the second quarter valued at approximately $47,725,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Burlington Stores by 1,917.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after buying an additional 196,986 shares in the last quarter.

Burlington Stores Company Profile

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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.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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