News coverage about Burlington Stores (NYSE:BURL) has trended positive on Friday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Burlington Stores earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.1137446333975 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Wednesday, January 24th. Wells Fargo & Co set a $143.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research report on Thursday, January 11th. Cowen set a $132.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Monday, December 11th. BMO Capital Markets set a $120.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Wednesday, November 22nd. Finally, Morgan Stanley lifted their price target on Burlington Stores from $107.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $114.49.
Shares of Burlington Stores (BURL) traded down $3.78 on Friday, hitting $117.67. The stock had a trading volume of 472,609 shares, compared to its average volume of 857,682. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. Burlington Stores has a twelve month low of $79.07 and a twelve month high of $128.93. The firm has a market capitalization of $8,306.45 and a price-to-earnings ratio of 31.00.
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, beating the consensus estimate of $0.65 by $0.05. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities analysts predict that Burlington Stores will post 4.28 EPS for the current fiscal year.
In related news, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $98.51, for a total transaction of $1,970,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marc Katz sold 11,000 shares of Burlington Stores stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $102.59, for a total value of $1,128,490.00. Following the sale, the chief financial officer now directly owns 124,555 shares of the company’s stock, valued at $12,778,097.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,301 shares of company stock valued at $9,295,970. Insiders own 2.60% of the company’s stock.
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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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