Burlington Stores Inc. (NYSE:BURL) Given Average Rating of “Buy” by Analysts
Burlington Stores Inc. (NYSE:BURL) has been given a consensus recommendation of “Buy” by the eighteen analysts that are presently covering the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $85.18.
Several research analysts have recently weighed in on the stock. Telsey Advisory Group upped their price target on shares of Burlington Stores from $70.00 to $84.00 and gave the company an “outperform” rating in a report on Tuesday, July 19th. MKM Partners upped their price target on shares of Burlington Stores from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Monday, July 25th. Buckingham Research upped their price target on shares of Burlington Stores from $82.00 to $95.00 and gave the company a “buy” rating in a report on Friday, August 26th. TheStreet upgraded shares of Burlington Stores from a “sell” rating to a “buy” rating in a report on Monday. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $84.00 price target on shares of Burlington Stores in a report on Monday, August 1st.
In related news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $76.21, for a total transaction of $1,524,200.00. Following the transaction, the chief executive officer now directly owns 621,871 shares of the company’s stock, valued at $47,392,788.91. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mike Metheny sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $67.08, for a total transaction of $268,320.00. Following the transaction, the executive vice president now directly owns 3,782 shares in the company, valued at $253,696.56. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. RS Investment Management Co. LLC raised its position in Burlington Stores by 4.1% in the second quarter. RS Investment Management Co. LLC now owns 913,303 shares of the company’s stock worth $60,926,000 after buying an additional 36,136 shares in the last quarter. Samlyn Capital LLC purchased a new position in Burlington Stores during the first quarter valued at approximately $62,691,000. Aperio Group LLC purchased a new position in Burlington Stores during the first quarter valued at approximately $304,000. Sigma Planning Corp purchased a new position in Burlington Stores during the second quarter valued at approximately $286,000. Finally, Geode Capital Management LLC raised its position in Burlington Stores by 5.9% in the first quarter. Geode Capital Management LLC now owns 488,392 shares of the company’s stock valued at $27,466,000 after buying an additional 27,272 shares in the last quarter.
Burlington Stores (NYSE:BURL) opened at 79.09 on Friday. The company has a market cap of $5.59 billion, a P/E ratio of 33.87 and a beta of 0.39. The company has a 50-day moving average of $81.48 and a 200 day moving average of $67.42. Burlington Stores has a one year low of $39.40 and a one year high of $87.23.
Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 25th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.09. The company earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Burlington Stores had a net margin of 3.22% and a negative return on equity of 183.69%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. Equities research analysts predict that Burlington Stores will post $2.98 EPS for the current year.
About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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