Burlington Stores Inc (NYSE:BURL) has been assigned a consensus recommendation of “Buy” from the twenty-one analysts that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $182.06.
Several research firms recently issued reports on BURL. Robert W. Baird began coverage on shares of Burlington Stores in a report on Tuesday, May 14th. They set an “outperform” rating and a $200.00 price target for the company. Guggenheim reissued a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. Loop Capital increased their price target on shares of Burlington Stores to $200.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Deutsche Bank increased their price target on shares of 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 increased their price target on shares of Burlington Stores from $178.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, June 21st.
Shares of NYSE:BURL traded up $3.51 on Friday, reaching $172.13. The company’s stock had a trading volume of 805,700 shares, compared to its average volume of 792,354. The stock’s 50-day moving average is $176.30 and its two-hundred day moving average is $165.31. Burlington Stores has a 52-week low of $136.30 and a 52-week high of $184.82. The company has a debt-to-equity ratio of 11.41, a current ratio of 0.93 and a quick ratio of 0.26. The stock has a market capitalization of $11.42 billion, a P/E ratio of 26.73, a PEG ratio of 1.42 and a beta of 0.27.
Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 30th. The company reported $1.26 EPS for the quarter, meeting analysts’ consensus estimates of $1.26. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Equities analysts forecast that Burlington Stores will post 7.01 earnings per share for the current fiscal year.
In other news, insider Fred Hand sold 6,486 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $168.23, for a total value of $1,091,139.78. Following the sale, the insider now directly owns 62,558 shares in the company, valued at $10,524,132.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $165.16, for a total transaction of $3,303,200.00. Following the completion of the sale, the chief executive officer now owns 309,483 shares in the company, valued at $51,114,212.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,458 shares of company stock valued at $6,630,907. 1.86% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in BURL. Geode Capital Management LLC raised its stake in Burlington Stores by 17.1% in the 4th quarter. Geode Capital Management LLC now owns 695,872 shares of the company’s stock worth $113,122,000 after acquiring an additional 101,839 shares during the last quarter. Huntington National Bank raised its stake in Burlington Stores by 147.2% in the 1st quarter. Huntington National Bank now owns 220 shares of the company’s stock worth $34,000 after acquiring an additional 131 shares during the last quarter. Chartwell Investment Partners LLC raised its stake in Burlington Stores by 8.2% in the 1st quarter. Chartwell Investment Partners LLC now owns 76,214 shares of the company’s stock worth $11,942,000 after acquiring an additional 5,762 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC purchased a new position in Burlington Stores in the 1st quarter worth $1,891,000. Finally, Shine Investment Advisory Services Inc. raised its stake in Burlington Stores by 101.1% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock worth $28,000 after acquiring an additional 91 shares during the last quarter.
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.
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