Somewhat Favorable News Coverage Somewhat Unlikely to Impact Burlington Stores (NYSE:BURL) Stock Price

News coverage about Burlington Stores (NYSE:BURL) has trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Burlington Stores earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.8483889241087 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s analysis:

Several equities analysts recently issued reports on BURL shares. Credit Suisse Group started coverage on shares of Burlington Stores in a research report on Monday, March 12th. They set an “outperform” rating and a $146.00 price target on the stock. Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Monday, May 28th. Buckingham Research reiterated a “buy” rating and set a $150.00 price target (up previously from $143.00) on shares of Burlington Stores in a research report on Friday, March 9th. Wolfe Research reiterated an “outperform” rating and set a $146.00 price target (up previously from $139.00) on shares of Burlington Stores in a research report on Friday, March 9th. Finally, SunTrust Banks set a $145.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Thursday, March 8th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Burlington Stores currently has a consensus rating of “Buy” and a consensus price target of $149.40.



Shares of NYSE BURL traded down $0.26 during midday trading on Thursday, hitting $154.09. The stock had a trading volume of 965,000 shares, compared to its average volume of 950,196. The company has a market cap of $10.55 billion, a PE ratio of 35.26, a P/E/G ratio of 1.44 and a beta of 0.44. Burlington Stores has a 52 week low of $79.07 and a 52 week high of $158.23. The company has a debt-to-equity ratio of 10.09, a quick ratio of 0.29 and a current ratio of 1.01.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, May 31st. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.17. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. Burlington Stores had a net margin of 6.61% and a negative return on equity of 16,096.86%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. analysts forecast that Burlington Stores will post 6 earnings per share for the current fiscal year.

In other Burlington Stores news, VP John Crimmins sold 7,700 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $150.72, for a total transaction of $1,160,544.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $137.13, for a total transaction of $2,742,600.00. Following the sale, the chief executive officer now directly owns 355,273 shares of the company’s stock, valued at $48,718,586.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,262 shares of company stock worth $10,790,126. 1.91% of the stock is owned by insiders.

Burlington Stores Company Profile

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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

Insider Buying and Selling by Quarter for Burlington Stores (NYSE:BURL)

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