News headlines about Burlington Stores (NYSE:BURL) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Burlington Stores earned a news impact score of 0.18 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.4447017775835 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Burlington Stores, Inc. (NYSE:BURL) Traded Much Lower Than Its 50 Day Average – Highlight Press (highlightpress.com)
- Overview of Different Indicators: Burlington Stores, Inc. (BURL), Axalta Coating Systems Ltd. (AXTA) – AllStockNews (allstocknews.com)
- Bounding Shares, What’s Next for Burlington Stores, Inc. (NYSE:BURL) and Cullen/Frost Bankers, Inc. (NYSE:CFR)? – FLBC News (flbcnews.com)
- $1.35 Billion in Sales Expected for Burlington Stores, Inc. (NYSE:BURL) This Quarter (americanbankingnews.com)
- Burlington Stores (NYSE:BURL) & Target Corporation (TGT) Critical Review (americanbankingnews.com)
Burlington Stores (BURL) traded up 2.37% on Tuesday, hitting $86.83. 1,109,446 shares of the company were exchanged. Burlington Stores has a 52 week low of $68.94 and a 52 week high of $104.07. The company has a market capitalization of $6.00 billion, a P/E ratio of 26.94 and a beta of 0.54. The firm’s 50 day moving average is $92.14 and its 200 day moving average is $92.11.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.09. Burlington Stores had a net margin of 4.08% and a negative return on equity of 294.39%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Burlington Stores will post $3.97 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. BMO Capital Markets reaffirmed a “buy” rating on shares of Burlington Stores in a research report on Tuesday, April 18th. Cowen and Company reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Burlington Stores in a research report on Friday, June 23rd. Morgan Stanley cut their target price on shares of Burlington Stores from $105.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, May 30th. Finally, Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $103.52.
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In related news, insider Fred Hand sold 12,500 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $100.47, for a total transaction of $1,255,875.00. Following the sale, the insider now directly owns 80,809 shares of the company’s stock, valued at $8,118,880.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $88.20, for a total transaction of $1,764,000.00. Following the sale, the chief executive officer now directly owns 538,308 shares in the company, valued at $47,478,765.60. The disclosure for this sale can be found here. Insiders have sold 45,833 shares of company stock worth $4,298,011 over the last three months. 2.60% of the stock is currently owned by insiders.
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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