Burlington Stores Inc (BURL) Rating Lowered to Buy at Vetr Inc.
Burlington Stores Inc (NYSE:BURL) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday. They presently have a $64.66 target price on the stock. Vetr‘s target price indicates a potential upside of 7.71% from the company’s current price.
Other large investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its stake in Burlington Stores by 53.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,094 shares of the company’s stock valued at $175,000 after buying an additional 1,082 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Burlington Stores during the first quarter valued at $211,000. Aperio Group LLC bought a new stake in shares of Burlington Stores during the first quarter valued at $304,000. Hudson Bay Capital Management LP bought a new stake in shares of Burlington Stores during the first quarter valued at $343,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Burlington Stores during the first quarter valued at $391,000.
In related news, CFO Marc Katz sold 12,000 shares of the business’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $52.34, for a total value of $628,080.00. Following the sale, the chief financial officer now owns 100,936 shares in the company, valued at approximately $5,282,990.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas Kingsbury sold 30,000 shares of the business’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $56.39, for a total value of $1,691,700.00. Following the completion of the sale, the chief executive officer now owns 664,375 shares in the company, valued at approximately $37,464,106.25. The disclosure for this sale can be found here.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Burlington Stores from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, March 15th. Goldman Sachs reissued a “buy” rating on shares of Burlington Stores in a research note on Friday, March 11th. MKM Partners assumed coverage on Burlington Stores in a research note on Monday, April 4th. They set a “neutral” rating and a $57.00 price objective on the stock. Citigroup Inc. lowered Burlington Stores from a “buy” rating to a “neutral” rating and set a $58.00 price objective on the stock. in a research note on Friday, March 4th. Finally, Telsey Advisory Group boosted their price objective on Burlington Stores from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, March 4th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $61.47.
Burlington Stores (NYSE:BURL) traded up 7.45% on Thursday, hitting $60.03. 4,048,844 shares of the company were exchanged. The stock has a 50 day moving average of $55.93 and a 200 day moving average of $51.19. Burlington Stores has a 52 week low of $39.40 and a 52 week high of $60.40. The company has a market capitalization of $4.30 billion and a price-to-earnings ratio of 30.17.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The firm earned $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. Analysts predict that Burlington Stores will post $2.72 EPS for the current fiscal year.
Burlington Stores, Inc is a retailer of branded apparel. As of January 31, 2015, the Company had 542 stores, inclusive of an Internet store, in 44 states of the United States and Puerto Rico. The Company’s offerings for women include dresses, tops, bottoms, coats, shoes, suits and suit separates, handbags, intimates and sleepwear, active wear, sweaters, swimwear and cover-ups, jewelry and watches, maternity, beauty and fragrance and scrubs.
To view Vetr’s full report, visit Vetr’s official website.