Burlington Stores Sets New 52-Week High at $36.60 (BURL)
Burlington Stores (NASDAQ:BURL) reached a new 52-week high on Tuesday , American Banking News reports. The stock traded as high as $36.60 and last traded at $36.57, with a volume of 344,120 shares trading hands. The stock had previously closed at $35.67.
A number of research firms have recently commented on BURL. Analysts at Bank of America reiterated a “buy” rating on shares of Burlington Stores in a research note on Tuesday. They now have a $40.00 price target on the stock, up previously from $38.00. Separately, 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. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $36.75.
The stock has a 50-day moving average of $32.96 and a 200-day moving average of $29.65. The company’s market cap is $2.718 billion.
Burlington Stores (NASDAQ:BURL) last announced its earnings results 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 $1.52 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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