BMO Capital Markets set a $115.00 target price on Burlington Stores, Inc. (NYSE:BURL) in a research note published on Tuesday, August 8th. The firm currently has a buy rating on the stock.
A number of other analysts have also commented on BURL. Vetr lowered shares of Burlington Stores from a strong-buy rating to a buy rating and set a $105.25 price objective on the stock. in a research report on Monday, April 10th. Wolfe Research started coverage on shares of Burlington Stores in a research report on Friday, April 28th. They issued an outperform rating and a $113.00 price objective on the stock. Bank of America Corporation boosted their price objective on shares of Burlington Stores from $110.00 to $114.00 and gave the stock a buy rating in a research report on Tuesday, May 30th. Morgan Stanley cut their price objective 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, Citigroup Inc. cut their price objective on shares of Burlington Stores from $100.00 to $94.00 and set a neutral rating on the stock in a research report on Tuesday, May 30th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $104.28.
Shares of Burlington Stores (BURL) traded up 4.38% on Tuesday, hitting $84.79. 2,556,819 shares of the stock traded hands. The firm’s 50 day moving average is $86.91 and its 200 day moving average is $92.11. Burlington Stores has a 52 week low of $68.94 and a 52 week high of $104.07. The firm has a market capitalization of $5.86 billion, a PE ratio of 26.31 and a beta of 0.51.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Burlington Stores had a net margin of 4.08% and a negative return on equity of 294.39%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, analysts expect that Burlington Stores will post $3.97 EPS for the current fiscal year.
In other Burlington Stores news, insider Fred Hand sold 12,500 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $100.47, for a total value of $1,255,875.00. Following the transaction, the insider now directly owns 80,809 shares in the company, valued at $8,118,880.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Marc Katz sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $96.80, for a total transaction of $968,000.00. Following the completion of the transaction, the chief financial officer now owns 123,555 shares in the company, valued at $11,960,124. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,168 shares of company stock worth $6,272,491. Corporate insiders own 2.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in BURL. Vanguard Group Inc. boosted its stake in shares of Burlington Stores by 3.0% in the second quarter. Vanguard Group Inc. now owns 6,555,296 shares of the company’s stock worth $603,022,000 after buying an additional 193,490 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Burlington Stores by 0.9% in the first quarter. Wells Fargo & Company MN now owns 3,660,291 shares of the company’s stock worth $356,110,000 after buying an additional 32,506 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Burlington Stores by 7,290.1% in the first quarter. BlackRock Inc. now owns 3,091,815 shares of the company’s stock worth $300,802,000 after buying an additional 3,049,978 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Burlington Stores by 23.9% in the second quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock worth $264,896,000 after buying an additional 554,717 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Burlington Stores by 9.1% in the first quarter. Alliancebernstein L.P. now owns 1,780,974 shares of the company’s stock worth $173,271,000 after buying an additional 148,105 shares during the last quarter.
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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