Burlington Stores (NYSE:BURL) has been assigned a $143.00 target price by equities research analysts at Wells Fargo & Co in a report issued on Thursday, January 11th. The brokerage currently has a “buy” rating on the stock. Wells Fargo & Co’s target price suggests a potential upside of 23.54% from the company’s previous close.
BURL has been the subject of several other reports. Deutsche Bank started coverage on shares of Burlington Stores in a report on Thursday, September 14th. They set a “buy” rating and a $108.00 target price for the company. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Wednesday, November 1st. Cowen set a $132.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a report on Monday, December 11th. Buckingham Research reissued a “buy” rating and issued a $107.00 price target on shares of Burlington Stores in a research note on Thursday, October 19th. Finally, TheStreet raised shares of Burlington Stores from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $114.49.
Burlington Stores (BURL) traded down $5.70 on Thursday, reaching $115.75. 1,233,776 shares of the company’s stock were exchanged, compared to its average volume of 893,094. Burlington Stores has a 12 month low of $79.07 and a 12 month high of $128.93. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. The stock has a market cap of $7,900.00, a price-to-earnings ratio of 30.38, a PEG ratio of 1.53 and a beta of 0.48.
Burlington Stores (NYSE:BURL) last posted 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 company 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%. Burlington Stores’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. equities research analysts anticipate that Burlington Stores will post 4.28 EPS for the current fiscal year.
In other news, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $121.54, for a total transaction of $2,430,800.00. Following the transaction, the chief executive officer now owns 406,808 shares in the company, valued at approximately $49,443,444.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Fred Hand sold 6,000 shares of Burlington Stores stock in a transaction on Monday, November 27th. The stock was sold at an average price of $102.50, for a total value of $615,000.00. Following the transaction, the insider now owns 71,810 shares in the company, valued at approximately $7,360,525. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,301 shares of company stock worth $9,295,970. Insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. FNY Managed Accounts LLC purchased a new stake in Burlington Stores in the 3rd quarter valued at about $114,000. Advisor Group Inc. raised its holdings in Burlington Stores by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after buying an additional 128 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Burlington Stores in the 3rd quarter valued at about $143,000. The Manufacturers Life Insurance Company raised its holdings in Burlington Stores by 10.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after buying an additional 210 shares during the period. Finally, Vident Investment Advisory LLC purchased a new stake in Burlington Stores during the third quarter worth about $230,000.
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Burlington Stores Company Profile
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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