Burlington Stores Inc (NYSE:BURL) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $105.25 price target on the stock. Vetr‘s price target suggests a potential upside of 12.65% from the stock’s previous close.
BURL has been the subject of a number of other reports. TheStreet upgraded Burlington Stores from a “hold” rating to a “buy” rating in a report on Tuesday, January 3rd. Wedbush set a $107.00 target price on Burlington Stores and gave the company a “buy” rating in a report on Wednesday, February 8th. Zacks Investment Research cut Burlington Stores from a “strong-buy” rating to a “sell” rating in a report on Tuesday, January 24th. Credit Suisse Group AG upgraded Burlington Stores from a “neutral” rating to an “outperform” rating and set a $92.00 target price for the company in a report on Wednesday, January 18th. Finally, Telsey Advisory Group raised their target price on Burlington Stores from $86.00 to $91.00 and gave the company a “market perform” rating in a report on Wednesday, November 23rd. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $96.02.
Shares of Burlington Stores (NYSE:BURL) traded down 2.04% during midday trading on Monday, hitting $93.43. The stock had a trading volume of 930,411 shares. The stock has a market cap of $6.62 billion, a PE ratio of 31.04 and a beta of 0.54. Burlington Stores has a one year low of $51.19 and a one year high of $97.94. The firm has a 50 day moving average price of $88.45 and a 200 day moving average price of $83.51.
Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, March 2nd. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.08. The business earned $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.49 EPS. On average, equities analysts forecast that Burlington Stores will post $3.90 earnings per share for the current fiscal year.
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In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 571,871 shares of the company’s stock, valued at approximately $53,184,003. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Crimmins sold 7,335 shares of the stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $94.20, for a total value of $690,957.00. Following the completion of the sale, the vice president now directly owns 17,353 shares in the company, valued at approximately $1,634,652.60. The disclosure for this sale can be found here. Insiders sold a total of 34,294 shares of company stock worth $3,205,451 in the last ninety days. 2.21% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its stake in Burlington Stores by 0.9% in the third quarter. California State Teachers Retirement System now owns 151,725 shares of the company’s stock worth $12,293,000 after buying an additional 1,300 shares in the last quarter. BlackRock Fund Advisors raised its stake in Burlington Stores by 2.9% in the third quarter. BlackRock Fund Advisors now owns 674,136 shares of the company’s stock worth $54,618,000 after buying an additional 19,067 shares in the last quarter. Prudential Financial Inc. raised its stake in Burlington Stores by 1,032.9% in the third quarter. Prudential Financial Inc. now owns 124,580 shares of the company’s stock worth $10,093,000 after buying an additional 113,583 shares in the last quarter. Two Sigma Advisers LP bought a new stake in Burlington Stores during the third quarter worth about $88,045,000. Finally, Quantbot Technologies LP bought a new stake in Burlington Stores during the third quarter worth about $1,107,000.
About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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