Trade Report: The Burlington Stores Inc. (BURL) Given a $75.00 Price Target by Credit Suisse Group AG Analysts

The Burlington Stores Inc. (BURL) Given a $75.00 Price Target by Credit Suisse Group AG Analysts

Burlington Stores Inc. (NYSE:BURL) received a $75.00 price target from analysts at Credit Suisse Group AG in a report issued on Saturday. The firm presently has a “hold” rating on the stock. Credit Suisse Group AG’s price target would suggest a potential downside of 15.63% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Citigroup Inc. increased their price objective on shares of Burlington Stores from $75.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, August 26th. Cowen and Company raised their price target on shares of Burlington Stores from $79.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Telsey Advisory Group raised their price target on shares of Burlington Stores from $86.00 to $91.00 and gave the company a “market perform” rating in a report on Wednesday. Goldman Sachs Group Inc. restated a “buy” rating and issued a $84.00 price target on shares of Burlington Stores in a report on Monday, August 1st. Finally, Zacks Investment Research lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Burlington Stores currently has an average rating of “Buy” and a consensus price target of $86.91.

Shares of Burlington Stores (NYSE:BURL) traded down 0.88% during mid-day trading on Friday, hitting $88.89. 532,786 shares of the stock traded hands. The company has a market cap of $6.28 billion, a P/E ratio of 38.07 and a beta of 0.47. The firm has a 50 day moving average of $76.27 and a 200 day moving average of $72.59. Burlington Stores has a 12 month low of $40.89 and a 12 month high of $91.67.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.18. Burlington Stores had a net margin of 3.48% and a negative return on equity of 209.34%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts anticipate that Burlington Stores will post $3.17 EPS for the current fiscal year.

In related news, insider Eric Seeger sold 20,948 shares of Burlington Stores stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $79.74, for a total transaction of $1,670,393.52. Following the sale, the insider now directly owns 38,905 shares in the company, valued at $3,102,284.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mike Metheny sold 4,000 shares of Burlington Stores stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $78.49, for a total transaction of $313,960.00. Following the sale, the insider now owns 2,782 shares in the company, valued at $218,359.18. The disclosure for this sale can be found here. 2.21% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the company. HighPoint Advisor Group LLC bought a new position in shares of Burlington Stores during the third quarter worth $447,000. Price T Rowe Associates Inc. MD boosted its position in Burlington Stores by 18.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 8,470,940 shares of the company’s stock valued at $686,316,000 after buying an additional 1,317,448 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in Burlington Stores by 359.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 134,632 shares of the company’s stock valued at $10,907,000 after buying an additional 105,360 shares during the period. Verition Fund Management LLC boosted its position in Burlington Stores by 24.9% in the third quarter. Verition Fund Management LLC now owns 4,038 shares of the company’s stock valued at $327,000 after buying an additional 806 shares during the period. Finally, Gerstein Fisher boosted its position in Burlington Stores by 24.5% in the third quarter. Gerstein Fisher now owns 50,551 shares of the company’s stock valued at $4,096,000 after buying an additional 9,956 shares during the period.

Burlington Stores Company Profile

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