Burlington Stores Given Consensus Rating of “Buy” by Brokerages (NASDAQ:BURL)
Shares of Burlington Stores (NASDAQ:BURL) have received a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock, StockRatingsNetwork.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $32.07.
Shares of Burlington Stores (NASDAQ:BURL) traded up 1.77% during mid-day trading on Monday, hitting $32.16. 238,553 shares of the company’s stock traded hands. Burlington Stores has a one year low of $21.54 and a one year high of $32.98. The stock has a 50-day moving average of $28.97 and a 200-day moving average of $28.24. The company’s market cap is $2.382 billion.
Burlington Stores (NASDAQ:BURL) last released its earnings data on Tuesday, June 10th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.03. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Burlington Stores will post $1.38 earnings per share for the current fiscal year.
Separately, analysts at Goldman Sachs upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $37.00 price target on the stock, up previously from $33.00.
In other Burlington Stores news, VP John Crimmins sold 4,114 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $31.02, for a total value of $127,616.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Burlington Stores, Inc is a national off-price retailer of branded apparel, operating 503 stores, inclusive of an Internet store, in 44 states and Puerto Rico.
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