Burlington (NYSE:BURL) Research Coverage Started at Citigroup

Research analysts at Citigroup assumed coverage on shares of Burlington (NYSE:BURL) in a research report issued on Sunday, March 11th. The firm set a “buy” rating and a $57.00 price target on the stock. Citigroup’s price objective would suggest a potential downside of 58.43% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets set a $120.00 price objective on shares of Burlington and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Loop Capital assumed coverage on shares of Burlington in a research note on Thursday, March 8th. They set a “buy” rating and a $150.00 price target on the stock. Buckingham Research reaffirmed a “buy” rating and set a $150.00 price target (up previously from $143.00) on shares of Burlington in a research note on Friday, March 9th. SunTrust Banks increased their price target on shares of Burlington from $109.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Finally, Wells Fargo set a $143.00 price target on shares of Burlington and gave the stock a “buy” rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $129.43.

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Shares of BURL traded up $0.13 on Friday, hitting $137.13. 1,127,824 shares of the stock traded hands, compared to its average volume of 968,088. The company has a debt-to-equity ratio of 12.84, a quick ratio of 0.31 and a current ratio of 0.98. The company has a market capitalization of $9,205.27, a price-to-earnings ratio of 31.38, a PEG ratio of 1.26 and a beta of 0.42. Burlington has a 1 year low of $79.07 and a 1 year high of $138.45.

Burlington (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.08. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.89 billion. Burlington had a net margin of 6.31% and a negative return on equity of 754.89%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 earnings per share. equities analysts expect that Burlington will post 5.76 EPS for the current fiscal year.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $121.54, for a total value of $2,430,800.00. Following the completion of the sale, the chief executive officer now owns 406,808 shares of the company’s stock, valued at $49,443,444.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joyce Manning Magrini sold 2,500 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $125.64, for a total transaction of $314,100.00. The disclosure for this sale can be found here. Insiders sold 67,400 shares of company stock valued at $8,246,709 in the last three months. Company insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in Burlington by 10.3% during 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 in the last quarter. Amalgamated Bank grew its holdings in Burlington by 4.1% during the 4th quarter. Amalgamated Bank now owns 13,340 shares of the company’s stock valued at $1,641,000 after purchasing an additional 523 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Burlington by 17.7% during the 4th quarter. Meeder Asset Management Inc. now owns 3,634 shares of the company’s stock valued at $447,000 after purchasing an additional 547 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Burlington by 6.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,499 shares of the company’s stock valued at $1,002,000 after purchasing an additional 667 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in Burlington by 9.7% during the 4th quarter. LPL Financial LLC now owns 8,669 shares of the company’s stock valued at $1,066,000 after purchasing an additional 767 shares in the last quarter.

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About Burlington

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including ladies sportswear, menswear, youth apparel, baby furniture, footwear, accessories, home décor and gifts, and coats. It operates 629 stores, including an Internet store in 45 states and Puerto Rico.

Analyst Recommendations for Burlington (NYSE:BURL)

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