Burlington Stores (NYSE:BURL) Price Target Raised to $178.00 at Wells Fargo & Co

Burlington Stores (NYSE:BURL) had its target price hoisted by Wells Fargo & Co from $160.00 to $178.00 in a research report report published on Wednesday, April 24th, The Fly reports. Wells Fargo & Co currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on BURL. Zacks Investment Research cut shares of Burlington Stores from a buy rating to a hold rating in a report on Tuesday, February 26th. Guggenheim reaffirmed a hold rating on shares of Burlington Stores in a report on Wednesday, April 24th. Wedbush reiterated a neutral rating and set a $155.00 price target on shares of Burlington Stores in a research note on Friday, January 4th. Loop Capital boosted their price target on shares of Burlington Stores to $185.00 and gave the stock a buy rating in a research note on Friday, December 28th. Finally, Telsey Advisory Group lowered shares of Burlington Stores from an outperform rating to a market perform rating and dropped their price target for the stock from $190.00 to $165.00 in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $179.79.

NYSE:BURL opened at $165.25 on Wednesday. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 1.38 and a beta of 0.16. Burlington Stores has a 52 week low of $134.59 and a 52 week high of $180.27. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.02 and a quick ratio of 0.25.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.77 by $0.06. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.59 EPS. On average, sell-side analysts anticipate that Burlington Stores will post 7 earnings per share for the current fiscal year.

In other news, EVP Joyce Manning Magrini sold 22,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $158.54, for a total value of $3,487,880.00. Following the completion of the sale, the executive vice president now owns 29,610 shares of the company’s stock, valued at $4,694,369.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Vecchio sold 800 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $169.75, for a total transaction of $135,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,015 shares of company stock worth $16,733,335. 1.86% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its position in shares of Burlington Stores by 2.9% in the 4th quarter. Mackenzie Financial Corp now owns 2,939 shares of the company’s stock worth $478,000 after buying an additional 82 shares during the last quarter. Emerald Advisers LLC lifted its position in Burlington Stores by 0.7% in the 1st quarter. Emerald Advisers LLC now owns 13,444 shares of the company’s stock valued at $2,106,000 after purchasing an additional 87 shares during the last quarter. Shine Investment Advisory Services Inc. lifted its position in Burlington Stores by 101.1% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock valued at $28,000 after purchasing an additional 91 shares during the last quarter. Heritage Investors Management Corp lifted its position in Burlington Stores by 0.3% in the 4th quarter. Heritage Investors Management Corp now owns 36,443 shares of the company’s stock valued at $5,928,000 after purchasing an additional 92 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Burlington Stores by 2.0% in the 1st quarter. HighTower Advisors LLC now owns 4,637 shares of the company’s stock valued at $726,000 after purchasing an additional 92 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, toys, and gifts, as well as baby, home, and beauty products.

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