Guggenheim reaffirmed their hold rating on shares of Burlington Stores (NYSE:BURL) in a research report report published on Tuesday morning.
A number of other brokerages have also recently weighed in on BURL. UBS Group assumed coverage on shares of Burlington Stores in a research report on Thursday, June 21st. They set a sell rating and a $135.00 price target on the stock. Wedbush assumed coverage on shares of Burlington Stores in a research report on Friday, June 22nd. They set an outperform rating and a $175.00 price target on the stock. Loop Capital reissued a buy rating and set a $170.00 price target (up from $156.00) on shares of Burlington Stores in a research report on Wednesday, June 27th. Zacks Investment Research cut shares of Burlington Stores from a buy rating to a hold rating in a research report on Friday, June 22nd. Finally, Buckingham Research lifted their price target on shares of Burlington Stores from $150.00 to $165.00 and gave the stock a buy rating in a research report on Friday, June 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $151.94.
BURL opened at $151.13 on Tuesday. The company has a debt-to-equity ratio of 10.09, a current ratio of 1.01 and a quick ratio of 0.29. Burlington Stores has a 52 week low of $79.07 and a 52 week high of $158.23. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 1.38 and a beta of 0.44.
Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, May 31st. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.17. Burlington Stores had a net margin of 6.61% and a negative return on equity of 16,096.86%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business earned $0.79 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. equities analysts expect that Burlington Stores will post 6.04 EPS for the current year.
In related news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $137.13, for a total value of $2,742,600.00. Following the sale, the chief executive officer now directly owns 355,273 shares of the company’s stock, valued at approximately $48,718,586.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joyce Manning Magrini sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $134.58, for a total transaction of $336,450.00. The disclosure for this sale can be found here. Insiders sold a total of 73,262 shares of company stock worth $10,828,376 over the last ninety days. 1.91% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of BURL. American Century Companies Inc. lifted its position in Burlington Stores by 78.4% during the 1st quarter. American Century Companies Inc. now owns 2,314,890 shares of the company’s stock worth $308,228,000 after buying an additional 1,017,288 shares in the last quarter. Atlantic Trust Group LLC lifted its position in Burlington Stores by 20,751.1% during the 1st quarter. Atlantic Trust Group LLC now owns 290,247 shares of the company’s stock worth $38,646,000 after buying an additional 288,855 shares in the last quarter. Millennium Management LLC lifted its position in Burlington Stores by 79.3% during the 4th quarter. Millennium Management LLC now owns 546,711 shares of the company’s stock worth $67,262,000 after buying an additional 241,758 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of Burlington Stores during the 1st quarter worth about $18,707,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Burlington Stores during the 4th quarter worth about $16,732,000.
Burlington Stores Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.
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