Burlington Stores (NYSE:BURL) has been given a $143.00 target price by equities researchers at Wells Fargo & Co in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. Wells Fargo & Co’s target price would indicate a potential upside of 17.81% from the company’s current price.
Other analysts have also issued research reports about the stock. TheStreet upgraded shares of Burlington Stores from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. SunTrust Banks set a $109.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a research note on Monday, October 16th. Deutsche Bank initiated coverage on shares of Burlington Stores in a research note on Thursday, September 14th. They set a “buy” rating and a $108.00 target price for the company. BMO Capital Markets reiterated a “buy” rating and set a $115.00 target price on shares of Burlington Stores in a research note on Wednesday, September 13th. Finally, Buckingham Research reiterated a “buy” rating and set a $107.00 target price on shares of Burlington Stores in a research note on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $112.84.
Shares of Burlington Stores (NYSE BURL) traded down $0.24 during trading hours on Thursday, hitting $121.38. 872,200 shares of the company were exchanged, compared to its average volume of 992,200. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. The company has a market capitalization of $8,310.00, a price-to-earnings ratio of 31.86, a PEG ratio of 1.66 and a beta of 0.56. Burlington Stores has a fifty-two week low of $79.07 and a fifty-two week high of $125.82.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. analysts forecast that Burlington Stores will post 4.28 earnings per share for the current fiscal year.
In other news, EVP Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $95.37, for a total transaction of $228,888.00. Following the completion of the transaction, the executive vice president now owns 46,013 shares of the company’s stock, valued at $4,388,259.81. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Fred Hand sold 6,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $102.50, for a total transaction of $615,000.00. Following the transaction, the insider now directly owns 71,810 shares of the company’s stock, valued at approximately $7,360,525. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,701 shares of company stock valued at $7,094,058. Corporate insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Trust N.A. lifted its holdings in Burlington Stores by 1.1% in the second quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock worth $350,000 after purchasing an additional 40 shares during the period. Advisor Group Inc. lifted its holdings in Burlington Stores by 9.2% in the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after purchasing an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Burlington Stores by 6.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock worth $283,000 after purchasing an additional 191 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Burlington Stores by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after purchasing an additional 210 shares during the period. Finally, Suntrust Banks Inc. lifted its holdings in Burlington Stores by 4.4% in the second quarter. Suntrust Banks Inc. now owns 5,466 shares of the company’s stock worth $501,000 after purchasing an additional 229 shares during the period.
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About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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