Burlington Stores Inc (NYSE:BURL) gapped up before the market opened on Thursday . The stock had previously closed at $173.87, but opened at $183.93. Burlington Stores shares last traded at $183.93, with a volume of 828,100 shares changing hands.
A number of research analysts have recently commented on BURL shares. UBS Group lowered their target price on Burlington Stores from $240.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Nomura increased their price target on Burlington Stores from $170.00 to $190.00 in a report on Monday, May 11th. Guggenheim restated a “hold” rating on shares of Burlington Stores in a report on Thursday, March 5th. Royal Bank of Canada restated a “buy” rating and set a $175.00 price target on shares of Burlington Stores in a report on Wednesday, March 25th. Finally, Nomura Instinet increased their target price on Burlington Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $220.96.
The stock has a market cap of $13.41 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 40.22 and a beta of 0.70. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 6.29. The firm has a 50 day moving average price of $173.06 and a 200 day moving average price of $203.67.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 5th. The company reported $3.25 EPS for the quarter, beating the consensus estimate of $3.23 by $0.02. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.21 billion. Burlington Stores had a return on equity of 131.83% and a net margin of 6.38%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.83 earnings per share. Equities analysts forecast that Burlington Stores Inc will post 3 earnings per share for the current year.
In related news, CMO Jennifer Vecchio sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $150.01, for a total transaction of $300,020.00. Following the sale, the chief marketing officer now owns 39,353 shares of the company’s stock, valued at $5,903,343.53. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.48% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of BURL. Stifel Financial Corp boosted its position in Burlington Stores by 44.2% during the third quarter. Stifel Financial Corp now owns 1,813 shares of the company’s stock valued at $364,000 after purchasing an additional 556 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Burlington Stores by 9.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,118 shares of the company’s stock valued at $255,000 after purchasing an additional 101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Burlington Stores by 24.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,179 shares of the company’s stock valued at $3,461,000 after purchasing an additional 2,949 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Burlington Stores in the fourth quarter worth about $341,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Burlington Stores by 4.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,125 shares of the company’s stock worth $940,000 after acquiring an additional 165 shares in the last quarter. 98.83% of the stock is currently owned by institutional investors.
Burlington Stores Company Profile (NYSE:BURL)
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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