Burlington Stores (NYSE:BURL – Get Rating) had its price target hoisted by Cowen to $177.00 in a research note issued to investors on Thursday, Stock Target Advisor reports.

A number of other equities research analysts have also recently commented on the company. The Goldman Sachs Group raised their price objective on Burlington Stores from $175.00 to $200.00 and gave the company a buy rating in a research note on Wednesday, November 23rd. Cowen lowered their target price on Burlington Stores from $175.00 to $160.00 and set a market perform rating on the stock in a research note on Friday, August 26th. Robert W. Baird boosted their target price on Burlington Stores from $200.00 to $240.00 in a research note on Wednesday, November 23rd. Telsey Advisory Group boosted their price objective on Burlington Stores from $200.00 to $225.00 and gave the company an outperform rating in a research note on Wednesday, November 23rd. Finally, Morgan Stanley boosted their price objective on Burlington Stores from $175.00 to $219.00 and gave the company an overweight rating in a research note on Wednesday, November 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $209.89.

Burlington Stores Stock Performance

NYSE:BURL opened at $196.60 on Thursday. The stock's 50-day simple moving average is $135.02 and its 200 day simple moving average is $147.87. The firm has a market capitalization of $12.89 billion, a PE ratio of 79.27 and a beta of 1.00. The company has a quick ratio of 0.42, a current ratio of 1.12 and a debt-to-equity ratio of 2.29. Burlington Stores has a twelve month low of $106.47 and a twelve month high of $304.17.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Comerica Bank increased its position in shares of Burlington Stores by 12.0% during the first quarter. Comerica Bank now owns 2,116 shares of the company's stock worth $471,000 after purchasing an additional 227 shares in the last quarter. Arizona State Retirement System boosted its stake in Burlington Stores by 2.3% during the first quarter. Arizona State Retirement System now owns 18,585 shares of the company's stock worth $3,386,000 after buying an additional 417 shares during the last quarter. Shell Asset Management Co. boosted its stake in Burlington Stores by 6.6% during the first quarter. Shell Asset Management Co. now owns 3,286 shares of the company's stock worth $599,000 after buying an additional 204 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Burlington Stores by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 61,835 shares of the company's stock valued at $11,265,000 after purchasing an additional 488 shares during the period. Finally, Advisor Group Holdings Inc. raised its position in Burlington Stores by 7.9% in the first quarter. Advisor Group Holdings Inc. now owns 4,615 shares of the company's stock valued at $800,000 after purchasing an additional 338 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.

Burlington Stores Company Profile

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Burlington Stores, Inc operates as a retailer of branded apparel products 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.

Further Reading

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