Robert W. Baird began coverage on shares of Burlington Stores (NYSE:BURL) in a research note released on Tuesday, 24/7 WallStreet reports. The firm issued an outperform rating and a $200.00 target price on the stock.
A number of other equities analysts have also recently weighed in on the company. ValuEngine cut Burlington Stores from a buy rating to a hold rating in a report on Monday. Loop Capital upped their price target on Burlington Stores to $200.00 and gave the stock a buy rating in a report on Monday, May 6th. Credit Suisse Group upped their price target on Burlington Stores from $175.00 to $185.00 and gave the stock a market outperform rating in a report on Wednesday, April 24th. Deutsche Bank upped their price target on Burlington Stores from $164.00 to $189.00 and gave the stock a buy rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Co upped their price target on Burlington Stores from $160.00 to $178.00 and gave the stock an outperform rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $179.79.
NYSE BURL opened at $159.64 on Tuesday. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 1.32 and a beta of 0.16. Burlington Stores has a fifty-two week low of $134.59 and a fifty-two week high of $180.27. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.02 and a quick ratio of 0.25.
Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, March 7th. The company reported $2.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.77 by $0.06. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Burlington Stores had a return on equity of 226.76% and a net margin of 6.22%. Burlington Stores’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.59 EPS. As a group, sell-side analysts forecast that Burlington Stores will post 7 earnings per share for the current fiscal year.
In related news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $143.19, for a total transaction of $2,863,800.00. Following the sale, the chief executive officer now directly owns 306,458 shares of the company’s stock, valued at approximately $43,881,721.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Vecchio sold 800 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $169.75, for a total value of $135,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,531 shares of company stock valued at $12,223,706. Company insiders own 1.86% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Claybrook Capital LLC acquired a new stake in shares of Burlington Stores during the 4th quarter valued at approximately $25,000. Shine Investment Advisory Services Inc. raised its position in shares of Burlington Stores by 101.1% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock valued at $28,000 after acquiring an additional 91 shares in the last quarter. Pearl River Capital LLC acquired a new stake in shares of Burlington Stores during the 4th quarter valued at approximately $33,000. Huntington National Bank raised its position in shares of Burlington Stores by 147.2% during the 1st quarter. Huntington National Bank now owns 220 shares of the company’s stock valued at $34,000 after acquiring an additional 131 shares in the last quarter. Finally, Bremer Bank National Association acquired a new stake in shares of Burlington Stores during the 1st quarter valued at approximately $41,000.
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, toys, and gifts, as well as baby, home, and beauty products.
Further Reading: Strangles
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