Burlington Stores, Inc. (NYSE:BURL) has received a consensus recommendation of “Buy” from the twenty research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $112.77.
Several brokerages recently commented on BURL. Wells Fargo & Co set a $143.00 target price on Burlington Stores and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Monday. 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 upped 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.
Shares of Burlington Stores (NYSE:BURL) traded up $3.58 during midday trading on Friday, hitting $125.88. The stock had a trading volume of 1,135,795 shares, compared to its average volume of 1,041,311. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. The firm has a market capitalization of $8,590.00, a P/E ratio of 33.04, 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 $126.69.
Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts forecast that Burlington Stores will post 4.28 earnings per share for the current year.
In other news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were 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 directly owns 406,808 shares in the company, valued at approximately $49,443,444.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the executive vice president now owns 46,013 shares in the company, valued at $4,388,259.81. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,701 shares of company stock worth $9,524,858. 2.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of BURL. FNY Managed Accounts LLC acquired a new position in Burlington Stores during the 3rd quarter worth $114,000. Advisor Group Inc. lifted its position in Burlington Stores by 9.2% during the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after acquiring an additional 128 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in Burlington Stores during the 3rd quarter worth $143,000. The Manufacturers Life Insurance Company lifted its position in Burlington Stores by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after acquiring an additional 210 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in Burlington Stores during the 3rd quarter worth $230,000.
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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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