Burlington Stores Reaches New 52-Week High at $35.84 (BURL)
Burlington Stores (NASDAQ:BURL)’s share price reached a new 52-week high on Friday , Analyst Ratings.Net reports. The company traded as high as $35.84 and last traded at $35.55, with a volume of 217,577 shares traded. The stock had previously closed at $34.49.
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 investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Burlington Stores currently has a consensus rating of “Buy” and an average target price of $35.95.
The stock has a 50-day moving average of $32.13 and a 200-day moving average of $29.17. The company’s market cap is $2.629 billion.
Burlington Stores (NASDAQ:BURL) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Burlington Stores will post $1.48 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.