Burlington (BURL) Receives $136.14 Average Target Price from Analysts

Shares of Burlington (NYSE:BURL) have earned an average rating of “Buy” from the twenty brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $136.14.

Several equities research analysts have recently issued reports on BURL shares. Wolfe Research reissued an “outperform” rating and issued a $146.00 price objective (up previously from $139.00) on shares of Burlington in a research report on Friday, March 9th. Citigroup began coverage on shares of Burlington in a research report on Sunday, March 11th. They issued a “buy” rating and a $57.00 price objective for the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Burlington in a report on Friday, March 9th. SunTrust Banks set a $148.00 price target on shares of Burlington and gave the company a “buy” rating in a report on Monday, April 23rd. Finally, Zacks Investment Research raised shares of Burlington from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a report on Wednesday, January 24th.

In other Burlington news, insider Joyce Manning Magrini sold 2,500 shares of the firm’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $133.45, for a total transaction of $333,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $125.84, for a total transaction of $2,516,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,500 shares of company stock valued at $6,243,575. 1.91% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in BURL. Dimensional Fund Advisors LP lifted its position in shares of Burlington by 8.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 301,349 shares of the company’s stock worth $28,766,000 after buying an additional 23,278 shares during the last quarter. Atria Investments LLC bought a new position in shares of Burlington in the 4th quarter worth about $335,000. State of Alaska Department of Revenue bought a new position in shares of Burlington in the 4th quarter worth about $565,000. GW&K Investment Management LLC lifted its position in shares of Burlington by 10.5% in the 4th quarter. GW&K Investment Management LLC now owns 338,760 shares of the company’s stock worth $41,678,000 after buying an additional 32,319 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Burlington in the 4th quarter worth about $1,601,000.

Shares of Burlington traded up $1.09, hitting $138.04, during trading hours on Thursday, MarketBeat.com reports. The company’s stock had a trading volume of 14,275 shares, compared to its average volume of 710,097. Burlington has a 1-year low of $79.07 and a 1-year high of $142.23. The firm has a market capitalization of $9.46 billion, a P/E ratio of 31.34, a PEG ratio of 1.29 and a beta of 0.42. The company has a quick ratio of 0.31, a current ratio of 0.98 and a debt-to-equity ratio of 12.84.

Burlington (NYSE:BURL) last released its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.08. Burlington had a net margin of 6.31% and a negative return on equity of 754.89%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. research analysts expect that Burlington will post 5.78 EPS for the current fiscal year.

About Burlington

Burlington Stores, Inc is an apparel and home product retailer. Its products include ladies sportswear, menswear, coats, family footwear and youth apparel, as well as baby furniture, accessories, home decor and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

Analyst Recommendations for Burlington (NYSE:BURL)

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