Robert W. Baird Issues Positive Forecast for Burlington Stores (NYSE:BURL) Stock Price

Burlington Stores (NYSE:BURL) had its price objective raised by Robert W. Baird from $315.00 to $330.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Monday, August 19th. Barclays increased their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. UBS Group increased their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group lifted their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Price Performance

Shares of BURL opened at $281.88 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.48 and a debt-to-equity ratio of 1.35. The stock’s 50 day moving average is $262.90 and its two-hundred day moving average is $250.60. Burlington Stores has a twelve month low of $168.49 and a twelve month high of $298.89. The firm has a market capitalization of $17.95 billion, a PE ratio of 38.65, a P/E/G ratio of 1.48 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Research analysts anticipate that Burlington Stores will post 7.9 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade 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 Investors Weigh In On Burlington Stores

A number of institutional investors have recently made changes to their positions in BURL. Tidal Investments LLC boosted its holdings in Burlington Stores by 178.4% in the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after purchasing an additional 3,949 shares during the period. Plato Investment Management Ltd grew its position in shares of Burlington Stores by 928.6% during the 1st quarter. Plato Investment Management Ltd now owns 1,440 shares of the company’s stock valued at $334,000 after buying an additional 1,300 shares during the last quarter. Wahed Invest LLC raised its stake in Burlington Stores by 13.1% during the first quarter. Wahed Invest LLC now owns 1,243 shares of the company’s stock worth $289,000 after acquiring an additional 144 shares during the period. Swedbank AB bought a new position in Burlington Stores in the first quarter worth about $1,101,000. Finally, Cetera Investment Advisers acquired a new position in Burlington Stores in the first quarter valued at approximately $2,851,000.

About Burlington Stores

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.