Burlington Stores (NYSE:BURL – Get Rating) had its target price hoisted by JPMorgan Chase & Co. from $152.00 to $179.00 in a research report released on Friday, The Fly reports.
BURL has been the subject of several other research reports. Wells Fargo & Company reduced their price target on shares of Burlington Stores from $210.00 to $200.00 and set an overweight rating for the company in a report on Thursday, July 7th. StockNews.com upgraded shares of Burlington Stores from a sell rating to a hold rating in a research note on Wednesday, August 17th. Morgan Stanley cut their price objective on shares of Burlington Stores from $232.00 to $167.00 and set an overweight rating on the stock in a research note on Friday, August 26th. William Blair initiated coverage on shares of Burlington Stores in a research note on Friday, August 26th. They set an outperform rating on the stock. Finally, Telsey Advisory Group cut their price objective on shares of Burlington Stores from $250.00 to $218.00 and set an outperform rating on the stock in a research note on Monday, August 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Burlington Stores presently has a consensus rating of Moderate Buy and a consensus target price of $205.32.
Get Burlington Stores alerts:Burlington Stores Stock Performance
Burlington Stores stock opened at $141.34 on Friday. The company has a market cap of $9.26 billion, a PE ratio of 58.40 and a beta of 0.83. The company has a fifty day moving average price of $150.27 and a two-hundred day moving average price of $170.04. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.20 and a quick ratio of 0.42. Burlington Stores has a 12 month low of $133.28 and a 12 month high of $314.71.
Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.12. Burlington Stores had a net margin of 1.85% and a return on equity of 45.72%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. The company's revenue for the quarter was down 10.3% compared to the same quarter last year. Research analysts expect that Burlington Stores will post 4.02 earnings per share for the current year.Hedge Funds Weigh In On Burlington Stores
Institutional investors and hedge funds have recently bought and sold shares of the business. Brown Advisory Inc. lifted its holdings in Burlington Stores by 4.1% in the 2nd quarter. Brown Advisory Inc. now owns 1,949 shares of the company's stock worth $265,000 after purchasing an additional 76 shares during the last quarter. First National Bank of Omaha raised its stake in shares of Burlington Stores by 20.3% in the second quarter. First National Bank of Omaha now owns 12,403 shares of the company's stock valued at $1,690,000 after purchasing an additional 2,091 shares in the last quarter. ExodusPoint Capital Management LP grew its position in Burlington Stores by 92.5% in the second quarter. ExodusPoint Capital Management LP now owns 42,643 shares of the company's stock valued at $5,809,000 after acquiring an additional 20,492 shares during the period. Walleye Capital LLC bought a new stake in Burlington Stores in the second quarter valued at $1,164,000. Finally, Centiva Capital LP bought a new stake in shares of Burlington Stores during the second quarter worth $1,793,000. 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.
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