Burlington Stores Inc (BURL) Given a $96.00 Price Target at BMO Capital Markets
Several other research firms have also commented on BURL. Wolfe Research assumed coverage on shares of Burlington Stores in a report on Friday, April 28th. They issued an outperform rating and a $113.00 price target on the stock. Vetr downgraded shares of Burlington Stores from a strong-buy rating to a buy rating and set a $105.25 price target for the company. in a report on Thursday, April 20th. Wells Fargo & Co reissued an outperform rating and issued a $103.00 price target (up previously from $90.50) on shares of Burlington Stores in a research report on Saturday, March 4th. Cowen and Company set a $103.00 price target on shares of Burlington Stores and gave the stock a buy rating in a research note on Saturday, April 8th. Finally, Royal Bank of Canada lifted their price target on shares of Burlington Stores from $91.00 to $97.00 and gave the stock an outperform rating in a research note on Friday, March 3rd. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Burlington Stores currently has a consensus rating of Buy and an average target price of $97.89.
Burlington Stores (NYSE:BURL) traded down 2.33% during trading on Friday, hitting $96.32. The stock had a trading volume of 1,942,806 shares. The firm has a market cap of $6.65 billion, a P/E ratio of 29.89 and a beta of 0.54. Burlington Stores has a 52-week low of $59.73 and a 52-week high of $104.07. The company has a 50-day moving average of $96.88 and a 200 day moving average of $89.64.
Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 25th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Burlington Stores will post $4.03 earnings per share for the current fiscal year.
In other news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $93.00, for a total value of $1,860,000.00. Following the completion of the transaction, the chief executive officer now owns 571,871 shares of the company’s stock, valued at approximately $53,184,003. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John Crimmins sold 7,335 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $94.20, for a total value of $690,957.00. Following the completion of the transaction, the vice president now directly owns 17,353 shares of the company’s stock, valued at approximately $1,634,652.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,627 shares of company stock worth $5,452,685. 2.21% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Burlington Stores by 18.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 8,470,940 shares of the company’s stock worth $686,316,000 after buying an additional 1,317,448 shares during the last quarter. Vanguard Group Inc. boosted its stake in Burlington Stores by 9.8% in the first quarter. Vanguard Group Inc. now owns 6,361,806 shares of the company’s stock valued at $618,940,000 after buying an additional 570,160 shares during the period. Wells Fargo & Company MN boosted its stake in Burlington Stores by 0.9% in the first quarter. Wells Fargo & Company MN now owns 3,660,291 shares of the company’s stock valued at $356,110,000 after buying an additional 32,506 shares during the period. BlackRock Inc. boosted its stake in Burlington Stores by 7,290.1% in the first quarter. BlackRock Inc. now owns 3,091,815 shares of the company’s stock valued at $300,802,000 after buying an additional 3,049,978 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Burlington Stores by 9.1% in the first quarter. Alliancebernstein L.P. now owns 1,780,974 shares of the company’s stock valued at $173,271,000 after buying an additional 148,105 shares during the period.
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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