A number of other equities analysts have also recently weighed in on BURL. Telsey Advisory Group reissued an "outperform" rating and set a $300.00 price target on shares of Burlington Stores in a research report on Thursday, August 29th. Gordon Haskett upgraded shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price target on the stock in a research note on Monday, August 19th. The Goldman Sachs Group boosted their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Wells Fargo & Company upped their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. Finally, TD Cowen upped their price target on shares of Burlington Stores from $279.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $294.94.

Check Out Our Latest Report on Burlington Stores

Burlington Stores stock traded up $1.27 during trading hours on Wednesday, hitting $255.64. 473,978 shares of the stock were exchanged, compared to its average volume of 893,979. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The stock has a market capitalization of $16.32 billion, a P/E ratio of 42.82, a P/E/G ratio of 1.28 and a beta of 1.64. Burlington Stores has a 12 month low of $116.33 and a 12 month high of $282.49. The business's 50-day moving average is $264.72 and its two-hundred day moving average is $235.96.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.42 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Burlington Stores's revenue was up 13.4% compared to the same quarter last year. Equities research analysts expect that Burlington Stores will post 7.91 EPS for the current fiscal year.

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares of the company's stock, valued at $2,048,230.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,283 shares of company stock valued at $619,599 in the last quarter. Insiders own 0.91% of the company's stock.

Large investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC grew its stake in Burlington Stores by 3.4% during the first quarter. Park Avenue Securities LLC now owns 1,661 shares of the company's stock valued at $386,000 after acquiring an additional 54 shares in the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Burlington Stores by 11.4% in the 1st quarter. Gateway Investment Advisers LLC now owns 3,291 shares of the company's stock worth $764,000 after acquiring an additional 337 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Burlington Stores by 131.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,522 shares of the company's stock worth $586,000 after acquiring an additional 1,434 shares during the last quarter. Artemis Investment Management LLP increased its stake in shares of Burlington Stores by 18.0% in the first quarter. Artemis Investment Management LLP now owns 565,189 shares of the company's stock worth $131,179,000 after buying an additional 86,351 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Burlington Stores in the first quarter worth $1,019,000.

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.

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