Todays Report: Today, Burlington Stores Inc. (BURL) Price Target Raised to $99.00 at MKM Partners

Today, Burlington Stores Inc. (BURL) Price Target Raised to $99.00 at MKM Partners

Burlington Stores Inc. (NYSE:BURL) had its price target upped by MKM Partners from $94.00 to $99.00 in a research report released on Wednesday. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the company. Goldman Sachs Group Inc. reaffirmed a buy rating and set a $84.00 target price on shares of Burlington Stores in a research note on Monday, August 1st. Telsey Advisory Group upped their target price on Burlington Stores from $84.00 to $86.00 and gave the stock a market perform rating in a research note on Friday, August 26th. Royal Bank Of Canada upped their target price on Burlington Stores from $82.00 to $86.00 and gave the stock an outperform rating in a research note on Friday, August 26th. Citigroup Inc. upped their target price on Burlington Stores from $75.00 to $87.00 and gave the stock a neutral rating in a research note on Friday, August 26th. Finally, BMO Capital Markets upped their target price on Burlington Stores from $69.00 to $96.00 and gave the stock an outperform rating in a research note on Friday, August 26th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $86.91.

Burlington Stores (NYSE:BURL) opened at 87.38 on Wednesday. The firm’s 50-day moving average is $76.44 and its 200 day moving average is $73.10. Burlington Stores has a 1-year low of $40.89 and a 1-year high of $91.67. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 37.42 and a beta of 0.47.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.18. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The company earned $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $0.25 earnings per share. Burlington Stores’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 other news, insider Mike Metheny sold 4,000 shares of the stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $78.49, for a total transaction of $313,960.00. Following the completion of the transaction, the insider now directly owns 2,782 shares in the company, valued at approximately $218,359.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric Seeger sold 20,948 shares of the stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $79.74, for a total value of $1,670,393.52. Following the transaction, the insider now owns 38,905 shares of the company’s stock, valued at $3,102,284.70. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BURL. Geode Capital Management LLC boosted its position in Burlington Stores by 5.9% in the first quarter. Geode Capital Management LLC now owns 488,392 shares of the company’s stock worth $27,466,000 after buying an additional 27,272 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Burlington Stores by 742.4% in the first quarter. Renaissance Technologies LLC now owns 254,400 shares of the company’s stock worth $14,307,000 after buying an additional 224,200 shares during the period. Legal & General Group Plc boosted its position in shares of Burlington Stores by 69.5% in the first quarter. Legal & General Group Plc now owns 41,236 shares of the company’s stock worth $2,322,000 after buying an additional 16,902 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Burlington Stores by 17.8% in the first quarter. Envestnet Asset Management Inc. now owns 39,626 shares of the company’s stock worth $2,229,000 after buying an additional 5,976 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Burlington Stores by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 52,988 shares of the company’s stock worth $2,980,000 after buying an additional 920 shares during the period.

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