Burlington Stores, Inc. (NYSE:BURL) has earned an average rating of “Buy” from the nineteen brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $104.28.
A number of research analysts have commented on the stock. BidaskClub cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. BMO Capital Markets reaffirmed a “buy” rating on shares of Burlington Stores in a research report on Tuesday, April 18th. Cowen and Company reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Burlington Stores in a research report on Friday, June 23rd. Morgan Stanley decreased their target price on shares of Burlington Stores from $105.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 30th. Finally, Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a research report on Friday, June 2nd.
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Burlington Stores (NYSE:BURL) opened at 80.27 on Friday. The company has a 50-day moving average of $87.60 and a 200 day moving average of $92.23. The stock has a market cap of $5.55 billion, a P/E ratio of 24.91 and a beta of 0.51. Burlington Stores has a 1-year low of $68.94 and a 1-year high of $104.07.
Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 25th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.09. Burlington Stores had a net margin of 4.08% and a negative return on equity of 294.39%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. Burlington Stores’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts predict that Burlington Stores will post $3.97 EPS for the current year.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $84.03, for a total value of $1,680,600.00. Following the transaction, the chief executive officer now directly owns 518,008 shares in the company, valued at $43,528,212.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Fred Hand sold 12,500 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $100.47, for a total transaction of $1,255,875.00. Following the completion of the transaction, the insider now owns 80,809 shares in the company, valued at $8,118,880.23. The disclosure for this sale can be found here. Insiders have sold 69,168 shares of company stock worth $6,272,491 over the last 90 days. Insiders own 2.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Comerica Bank bought a new position in shares of Burlington Stores during the fourth quarter valued at approximately $301,000. Guggenheim Capital LLC raised its position in shares of Burlington Stores by 12.9% in the fourth quarter. Guggenheim Capital LLC now owns 22,875 shares of the company’s stock valued at $1,939,000 after buying an additional 2,613 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Burlington Stores during the fourth quarter valued at approximately $7,042,000. HighPoint Advisor Group LLC raised its position in shares of Burlington Stores by 11.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 6,454 shares of the company’s stock valued at $572,000 after buying an additional 681 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Burlington Stores by 65.2% in the fourth quarter. Teachers Advisors LLC now owns 253,839 shares of the company’s stock valued at $21,513,000 after buying an additional 100,210 shares in the last quarter.
About Burlington Stores
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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