Burlington Stores, Inc. (BURL) Given a $105.00 Price Target by Cowen and Company Analysts
Burlington Stores, Inc. (NYSE:BURL) received a $105.00 target price from Cowen and Company in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Cowen and Company’s price objective would indicate a potential upside of 25.82% from the company’s previous close.
Several other analysts have also recently weighed in on BURL. BMO Capital Markets set a $115.00 price target on Burlington Stores and gave the stock a “buy” rating in a report on Tuesday, August 8th. Credit Suisse Group lowered Burlington Stores from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $97.00 to $89.00 in a research note on Wednesday, August 2nd. BidaskClub lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Friday, June 2nd. Finally, TheStreet lowered Burlington Stores from a “b-” rating to a “c+” rating in a research note on Friday, June 23rd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $104.28.
Burlington Stores (NYSE:BURL) traded down 1.84% during mid-day trading on Monday, hitting $83.45. The stock had a trading volume of 1,582,274 shares. Burlington Stores has a one year low of $68.94 and a one year high of $104.07. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 25.89 and a beta of 0.51. The stock’s 50 day moving average price is $87.93 and its 200 day moving average price is $92.11.
Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 25th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Burlington Stores had a negative return on equity of 294.39% and a net margin of 4.08%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. Analysts forecast that Burlington Stores will post $3.97 EPS for the current year.
In other news, CFO Marc Katz sold 10,000 shares of Burlington Stores stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $96.80, for a total value of $968,000.00. Following the transaction, the chief financial officer now owns 123,555 shares in the company, valued at approximately $11,960,124. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Fred Hand sold 12,500 shares of Burlington Stores stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $100.47, for a total value of $1,255,875.00. Following the completion of the transaction, the insider now owns 80,809 shares in the company, valued at approximately $8,118,880.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,168 shares of company stock worth $4,591,891. Corporate insiders own 2.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Burlington Stores by 3.0% in the second quarter. Vanguard Group Inc. now owns 6,555,296 shares of the company’s stock valued at $603,022,000 after buying an additional 193,490 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Burlington Stores by 0.9% in the first quarter. Wells Fargo & Company MN now owns 3,660,291 shares of the company’s stock worth $356,110,000 after buying an additional 32,506 shares in the last quarter. BlackRock Inc. raised its stake in shares of Burlington Stores by 7,290.1% in the first quarter. BlackRock Inc. now owns 3,091,815 shares of the company’s stock worth $300,802,000 after buying an additional 3,049,978 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Burlington Stores by 23.9% in the second quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock worth $264,896,000 after buying an additional 554,717 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Burlington Stores by 9.1% in the first quarter. Alliancebernstein L.P. now owns 1,780,974 shares of the company’s stock worth $173,271,000 after buying an additional 148,105 shares in the last quarter.
About Burlington Stores
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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