Shares of Burlington Stores, Inc. (NYSE:BURL) have been given a consensus rating of “Buy” by the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $103.52.
Several research firms have recently weighed in on BURL. BidaskClub downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. BMO Capital Markets reissued a “buy” rating on shares of Burlington Stores in a report on Tuesday, April 18th. Cowen and Company reissued an “outperform” rating and issued a $110.00 price objective on shares of Burlington Stores in a report on Friday, June 23rd. Morgan Stanley decreased their price objective on Burlington Stores from $105.00 to $98.00 and set an “overweight” rating for the company in a report on Tuesday, May 30th. Finally, Zacks Investment Research raised Burlington Stores from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a report on Friday, June 2nd.
Shares of Burlington Stores (NYSE:BURL) traded down 2.06% during mid-day trading on Friday, reaching $85.69. 2,423,837 shares of the company’s stock traded hands. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 26.59 and a beta of 0.53. The firm’s 50-day moving average is $92.95 and its 200 day moving average is $92.08. Burlington Stores has a one year low of $68.94 and a one year high of $104.07.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 25th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Burlington Stores had a negative return on equity of 294.39% and a net margin of 4.08%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. Analysts predict that Burlington Stores will post $3.97 earnings per share for the current year.
In other Burlington Stores news, insider Fred Hand sold 12,500 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $100.47, for a total value of $1,255,875.00. Following the completion of the sale, the insider now owns 80,809 shares of the company’s stock, valued at $8,118,880.23. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $88.20, for a total value of $1,764,000.00. Following the completion of the sale, the chief executive officer now directly owns 538,308 shares of the company’s stock, valued at approximately $47,478,765.60. The disclosure for this sale can be found here. In the last three months, insiders sold 45,833 shares of company stock valued at $4,298,011. 2.60% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Sanders Morris Harris Inc. acquired a new stake in Burlington Stores during the first quarter worth approximately $486,000. Columbus Circle Investors increased its stake in Burlington Stores by 0.5% in the first quarter. Columbus Circle Investors now owns 740,893 shares of the company’s stock worth $72,081,000 after buying an additional 4,024 shares during the period. Nisa Investment Advisors LLC increased its stake in Burlington Stores by 54.6% in the first quarter. Nisa Investment Advisors LLC now owns 3,710 shares of the company’s stock worth $361,000 after buying an additional 1,310 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Burlington Stores during the first quarter worth approximately $1,436,000. Finally, Raymond James Trust N.A. increased its stake in Burlington Stores by 3.9% in the first quarter. Raymond James Trust N.A. now owns 3,768 shares of the company’s stock worth $367,000 after buying an additional 142 shares during the period.
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Burlington Stores Company Profile
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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