JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Burlington Stores (NYSE:BURL) Stock

Burlington Stores (NYSE:BURL) had its price objective upped by JPMorgan Chase & Co. from $287.00 to $327.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms have also issued reports on BURL. Citigroup cut their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Morgan Stanley cut their price target on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company cut their price target on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Robert W. Baird boosted their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $317.27.

Burlington Stores Stock Down 3.7%

BURL stock opened at $258.07 on Monday. Burlington Stores has a 52-week low of $181.87 and a 52-week high of $298.89. The company’s 50 day simple moving average is $239.32 and its 200-day simple moving average is $260.31. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm has a market capitalization of $16.26 billion, a P/E ratio of 35.35, a P/E/G ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. As a group, equities research analysts anticipate that Burlington Stores will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the transaction, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. This represents a 6.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Travis Marquette sold 190 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the transaction, the chief operating officer now owns 22,858 shares in the company, valued at approximately $5,431,746.54. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BURL. IFP Advisors Inc increased its stake in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Burlington Stores by 258.6% during the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of Burlington Stores during the 1st quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Burlington Stores during the 4th quarter worth $31,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after buying an additional 69 shares during the period.

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.