Morgan Stanley Lowers Burlington Stores (NYSE:BURL) Price Target to $218.00

Burlington Stores (NYSE:BURL) had its target price lowered by stock analysts at Morgan Stanley from $233.00 to $218.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 16.05% from the company’s previous close.

Several other analysts also recently weighed in on BURL. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Evercore ISI raised their price target on Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. UBS Group raised Burlington Stores from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $126.00 to $212.00 in a report on Thursday, May 2nd. Piper Sandler raised Burlington Stores from a “neutral” rating to an “overweight” rating and raised their target price for the company from $155.00 to $240.00 in a report on Wednesday, January 17th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $250.00 target price (up from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus target price of $218.31.

Burlington Stores Price Performance

Shares of BURL stock opened at $187.85 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The company has a market capitalization of $12.00 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.08 and a beta of 1.54. The firm’s 50-day moving average is $203.65 and its two-hundred day moving average is $185.28. Burlington Stores has a 12 month low of $115.66 and a 12 month high of $232.69.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the business earned $2.96 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Analysts predict that Burlington Stores will post 7.41 earnings per share for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors and hedge funds have recently modified their holdings of BURL. Lindbrook Capital LLC lifted its position in shares of Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. Rise Advisors LLC bought a new position in Burlington Stores in the 1st quarter worth approximately $40,000. GAMMA Investing LLC acquired a new position in shares of Burlington Stores during the fourth quarter worth approximately $41,000. Mather Group LLC. bought a new stake in shares of Burlington Stores in the first quarter valued at approximately $48,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Burlington Stores in the fourth quarter worth $50,000.

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.