BMO Capital Markets Analysts Give Burlington Stores Inc (BURL) a $96.00 Price Target
Burlington Stores Inc (NYSE:BURL) received a $96.00 price objective from equities researchers at BMO Capital Markets in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. BMO Capital Markets’ price target indicates a potential downside of 0.33% from the company’s previous close.
BURL has been the topic of a number of other reports. Wedbush set a $107.00 price target on Burlington Stores and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Vetr lowered Burlington Stores from a “strong-buy” rating to a “buy” rating and set a $99.50 price target on the stock. in a research note on Monday, February 27th. Zacks Investment Research raised Burlington Stores from a “sell” rating to a “hold” rating in a research note on Tuesday, January 31st. Wolfe Research initiated coverage on Burlington Stores in a research note on Friday, April 28th. They issued an “outperform” rating and a $113.00 price target on the stock. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $103.00 price target (up from $90.50) on shares of Burlington Stores in a research note on Saturday, March 4th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $97.89.
Shares of Burlington Stores (NYSE:BURL) opened at 96.32 on Friday. The stock has a market capitalization of $6.69 billion, a PE ratio of 32.00 and a beta of 0.54. The stock’s 50 day moving average price is $96.88 and its 200 day moving average price is $89.64. Burlington Stores has a one year low of $59.75 and a one year high of $104.07.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. Equities research analysts predict that Burlington Stores will post $3.95 EPS for the current fiscal year.
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In other Burlington Stores news, VP John Crimmins sold 7,335 shares of Burlington Stores stock in a transaction on Friday, March 10th. The stock was sold at an average price of $94.20, for a total value of $690,957.00. Following the sale, the vice president now owns 17,353 shares in the company, valued at $1,634,652.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joyce Manning Magrini sold 3,333 shares of Burlington Stores stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $96.44, for a total value of $321,434.52. Following the completion of the sale, the insider now owns 65,213 shares in the company, valued at approximately $6,289,141.72. The disclosure for this sale can be found here. Insiders have sold 57,627 shares of company stock worth $5,452,685 in the last three months. 2.21% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Jennison Associates increased its stake in Burlington Stores by 10.1% in the third quarter. Jennison Associates now owns 2,262,610 shares of the company’s stock worth $115,484,000 after buying an additional 207,982 shares in the last quarter. Eagle Asset Management increased its stake in Burlington Stores by 792.9% in the third quarter. Eagle Asset Management now owns 3,169,676 shares of the company’s stock worth $161,780,000 after buying an additional 2,814,697 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in Burlington Stores by 27.9% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 384,642 shares of the company’s stock worth $16,501,000 after buying an additional 83,980 shares in the last quarter. Horseman Capital Management Ltd increased its stake in Burlington Stores by 17.0% in the fourth quarter. Horseman Capital Management Ltd now owns 320,000 shares of the company’s stock worth $13,728,000 after buying an additional 46,600 shares in the last quarter. Finally, Emerald Advisers Inc. PA increased its stake in Burlington Stores by 27.4% in the fourth quarter. Emerald Advisers Inc. PA now owns 373,356 shares of the company’s stock worth $16,017,000 after buying an additional 80,186 shares in the last quarter.
Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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