Burlington Stores, Inc. (NYSE:BURL) shares reached a new 52-week high on Friday . The stock traded as high as $104.14 and last traded at $100.15, with a volume of 914000 shares trading hands. The stock had previously closed at $98.50.

Several research firms have weighed in on BURL. Credit Suisse Group lowered shares of Burlington Stores from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $97.00 to $89.00 in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. BMO Capital Markets set a $115.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Burlington Stores from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Buckingham Research reiterated a “buy” rating and issued a $107.00 price objective on shares of Burlington Stores in a research note on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $105.96.

The company has a debt-to-equity ratio of -13.31, a current ratio of 1.03 and a quick ratio of 0.24. The firm has a market cap of $7,223.44, a price-to-earnings ratio of 28.08, a PEG ratio of 1.42 and a beta of 0.51.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.22. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. Burlington Stores’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. sell-side analysts predict that Burlington Stores, Inc. will post 4.24 EPS for the current fiscal year.

Burlington Stores announced that its board has initiated a stock buyback program on Thursday, August 24th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

In related news, insider Fred Hand sold 8,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $87.80, for a total transaction of $702,400.00. Following the completion of the sale, the insider now directly owns 76,309 shares of the company’s stock, valued at approximately $6,699,930.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $87.81, for a total transaction of $1,756,200.00. Following the sale, the chief executive officer now directly owns 495,308 shares of the company’s stock, valued at $43,492,995.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,922 shares of company stock valued at $8,052,750. 2.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Managed Accounts LLC bought a new stake in Burlington Stores in the 3rd quarter valued at $114,000. Advisor Group Inc. boosted its holdings in Burlington Stores by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after purchasing an additional 128 shares during the period. Daiwa Securities Group Inc. bought a new stake in Burlington Stores in the 3rd quarter valued at $143,000. The Manufacturers Life Insurance Company boosted its holdings in Burlington Stores by 10.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after purchasing an additional 210 shares during the period. Finally, Gilbert & Cook Inc. bought a new stake in Burlington Stores in the 2nd quarter valued at $210,000.

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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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