Burlington Stores Inc (BURL) Upgraded at Vetr Inc.
Burlington Stores Inc (NYSE:BURL) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The firm presently has a $105.25 price objective on the stock. Vetr‘s price target points to a potential upside of 12.65% from the stock’s current price.
A number of other equities analysts have also commented on the company. Wedbush started coverage on Burlington Stores in a report on Thursday, January 5th. They issued an “outperform” rating and a $107.00 price target for the company. TheStreet raised Burlington Stores from a “hold” rating to a “buy” rating in a report on Tuesday, January 3rd. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Burlington Stores in a report on Tuesday, December 6th. Zacks Investment Research raised Burlington Stores from a “hold” rating to a “strong-buy” rating and set a $98.00 price target for the company in a report on Friday, February 17th. Finally, Telsey Advisory Group raised Burlington Stores from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $91.00 to $110.00 in a report on Friday, March 3rd. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $96.02.
Shares of Burlington Stores (NYSE:BURL) traded down 2.04% during midday trading on Monday, reaching $93.43. The company had a trading volume of 930,411 shares. The company has a market capitalization of $6.62 billion, a PE ratio of 31.04 and a beta of 0.54. The company has a 50 day moving average of $88.45 and a 200 day moving average of $83.51. Burlington Stores has a one year low of $51.19 and a one year high of $97.94.
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Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 2nd. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.08. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The business earned $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company earned $1.49 earnings per share. Burlington Stores’s revenue was up 9.4% compared to the same quarter last year. Analysts predict that Burlington Stores will post $3.90 EPS for the current fiscal year.
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In related news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction on 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 in the company, valued at $53,184,003. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Sullivan sold 6,959 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $94.05, for a total value of $654,493.95. Following the completion of the sale, the director now owns 8,107 shares in the company, valued at approximately $762,463.35. The disclosure for this sale can be found here. Insiders sold 34,294 shares of company stock worth $3,205,451 in the last quarter. 2.21% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $48,718,000. Thrivent Financial for Lutherans increased its stake in shares of Burlington Stores by 1.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 215,101 shares of the company’s stock worth $18,229,000 after buying an additional 3,140 shares during the period. Barings LLC increased its stake in shares of Burlington Stores by 285.7% in the fourth quarter. Barings LLC now owns 10,800 shares of the company’s stock worth $915,000 after buying an additional 8,000 shares during the period. Denver Investment Advisors LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $592,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Burlington Stores by 338.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,560 shares of the company’s stock worth $386,000 after buying an additional 3,521 shares during the period.
Burlington Stores Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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