Burlington Stores Hits New 1-Year High at $33.98 (BURL)
Burlington Stores (NASDAQ:BURL)’s share price hit a new 52-week high during mid-day trading on Monday , American Banking and Market News reports. The company traded as high as $33.98 and last traded at $33.30, with a volume of 85,226 shares traded. The stock had previously closed at $33.25.
A number of analysts have recently weighed in on BURL shares. Analysts at Zacks upgraded shares of Burlington Stores from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $35.50 price target on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Burlington Stores in a research note on Tuesday, August 5th. They set a “neutral” rating and a $36.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Burlington Stores from $33.00 to $38.00 in a research note on Thursday, July 31st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $35.95.
The stock has a 50-day moving average of $31.53 and a 200-day moving average of $28.73. The company’s market cap is $2.465 billion.
Burlington Stores (NASDAQ:BURL) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ 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. Burlington Stores’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that Burlington Stores will post $1.46 earnings per share for the current fiscal year.
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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