Burlington (BURL) Hits New 52-Week High and Low on Analyst Upgrade

Burlington (NYSE:BURL) hit a new 52-week high and low on Wednesday after Morgan Stanley raised their price target on the stock from $132.00 to $145.00. Morgan Stanley currently has an overweight rating on the stock. Burlington traded as low as $140.34 and last traded at $138.38, with a volume of 312005 shares trading hands. The stock had previously closed at $139.36.

Several other research firms have also commented on BURL. Wells Fargo set a $143.00 price objective on shares of Burlington and gave the stock a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Burlington from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Wednesday, January 24th. Credit Suisse Group initiated coverage on shares of Burlington in a research note on Monday, March 12th. They set an “outperform” rating and a $146.00 price objective on the stock. ValuEngine raised shares of Burlington from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, SunTrust Banks set a $145.00 price objective on shares of Burlington and gave the stock a “buy” rating in a research note on Thursday, March 8th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $132.19.

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In other Burlington news, CEO Thomas Kingsbury sold 20,000 shares of Burlington stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $117.91, for a total value of $2,358,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of Burlington stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $122.16, for a total transaction of $293,184.00. Following the completion of the transaction, the insider now directly owns 38,214 shares of the company’s stock, valued at $4,668,222.24. The disclosure for this sale can be found here. Insiders sold 67,400 shares of company stock valued at $8,558,509 over the last ninety days. Corporate insiders own 1.91% of the company’s stock.



A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Burlington by 1.9% during the fourth quarter. BlackRock Inc. now owns 2,987,183 shares of the company’s stock valued at $367,512,000 after purchasing an additional 56,769 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Burlington by 9.3% during the fourth quarter. Eagle Asset Management Inc. now owns 1,378,546 shares of the company’s stock valued at $168,761,000 after purchasing an additional 116,893 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Burlington by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,353,424 shares of the company’s stock valued at $166,511,000 after purchasing an additional 44,350 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Burlington by 50.6% during the fourth quarter. American Century Companies Inc. now owns 1,297,602 shares of the company’s stock valued at $159,644,000 after purchasing an additional 435,831 shares during the last quarter. Finally, Carillon Tower Advisers Inc. purchased a new position in shares of Burlington during the fourth quarter valued at approximately $122,030,000.

The company has a debt-to-equity ratio of 12.84, a quick ratio of 0.31 and a current ratio of 0.98. The firm has a market cap of $9,511.02, a price-to-earnings ratio of 31.18, a P/E/G ratio of 1.30 and a beta of 0.42.

Burlington (NYSE:BURL) last released its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.08. Burlington had a net margin of 6.31% and a negative return on equity of 754.89%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. analysts anticipate that Burlington will post 5.76 EPS for the current fiscal year.

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About Burlington

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including ladies sportswear, menswear, youth apparel, baby furniture, footwear, accessories, home décor and gifts, and coats. It operates 629 stores, including an Internet store in 45 states and Puerto Rico.

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