Loop Capital Cuts Burlington Stores (NYSE:BURL) Price Target to $305.00

Burlington Stores (NYSE:BURL) had its price target decreased by Loop Capital from $315.00 to $305.00 in a research report report published on Friday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

BURL has been the topic of a number of other research reports. Morgan Stanley decreased their target price on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Evercore ISI cut their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an “outperform” rating for the company in a report on Friday. Wells Fargo & Company cut their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. UBS Group increased their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $300.00 price objective (down from $340.00) on shares of Burlington Stores in a report on Thursday. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $317.43.

Burlington Stores Price Performance

NYSE BURL opened at $228.41 on Friday. Burlington Stores has a 12 month low of $212.92 and a 12 month high of $298.89. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 1.11 and a beta of 1.70. The company’s 50 day moving average is $239.08 and its two-hundred day moving average is $259.26. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.17. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business earned $1.35 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current year.

Insider Activity at Burlington Stores

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Burlington Stores by 3.4% during the first quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company’s stock worth $1,573,754,000 after buying an additional 219,124 shares during the period. Capital International Investors boosted its stake in Burlington Stores by 7.7% during the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock worth $1,470,929,000 after buying an additional 367,703 shares during the period. SRS Investment Management LLC boosted its stake in Burlington Stores by 10.8% during the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock worth $362,146,000 after buying an additional 123,973 shares during the period. Geode Capital Management LLC boosted its stake in Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock worth $308,403,000 after buying an additional 8,892 shares during the period. Finally, Alyeska Investment Group L.P. boosted its stake in Burlington Stores by 23.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock worth $299,772,000 after buying an additional 197,187 shares during the period.

Burlington Stores Company Profile

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.