Burlington Stores, Inc. (BURL) Rating Reiterated by Cowen and Company
Burlington Stores, Inc. (NYSE:BURL)‘s stock had its “outperform” rating reiterated by investment analysts at Cowen and Company in a report released on Friday. They presently have a $110.00 price objective on the stock. Cowen and Company’s target price would suggest a potential upside of 30.38% from the stock’s current price.
Several other research analysts also recently weighed in on BURL. Vetr downgraded Burlington Stores from a “strong-buy” rating to a “buy” rating and set a $99.50 price target for the company. in a report on Monday, February 27th. MKM Partners reiterated a “buy” rating and issued a $99.00 price target on shares of Burlington Stores in a report on Thursday, March 2nd. Wells Fargo & Company reiterated a “buy” rating and issued a $104.00 price target on shares of Burlington Stores in a report on Thursday, March 2nd. Telsey Advisory Group upgraded Burlington Stores from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $91.00 to $110.00 in a report on Friday, March 3rd. They noted that the move was a valuation call. Finally, Royal Bank Of Canada boosted their price target on Burlington Stores from $91.00 to $97.00 and gave the company an “outperform” rating in a report on Friday, March 3rd. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $103.52.
Burlington Stores (NYSE:BURL) traded down 3.099% during midday trading on Friday, hitting $81.755. The company had a trading volume of 890,201 shares. The stock’s 50-day moving average price is $98.25 and its 200-day moving average price is $91.84. Burlington Stores has a 52-week low of $60.62 and a 52-week high of $104.07. The stock has a market cap of $5.65 billion, a PE ratio of 25.366 and a beta of 0.53.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Burlington Stores had a negative return on equity of 294.39% and a net margin of 4.08%. Burlington Stores’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. On average, equities research analysts expect that Burlington Stores will post $3.97 EPS for the current fiscal year.
In related news, insider Joyce Manning Magrini sold 3,333 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $96.44, for a total transaction of $321,434.52. Following the completion of the sale, the insider now directly owns 65,213 shares of the company’s stock, valued at approximately $6,289,141.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Fred Hand sold 12,500 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $100.47, for a total transaction of $1,255,875.00. Following the sale, the insider now directly owns 80,809 shares of the company’s stock, valued at $8,118,880.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,833 shares of company stock valued at $4,471,110. 2.60% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted 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 boosted 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 $592,000. Ladenburg Thalmann Financial Services Inc. boosted 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. Finally, Guggenheim Capital LLC boosted its stake in shares of Burlington Stores by 12.9% in the fourth quarter. Guggenheim Capital LLC now owns 22,875 shares of the company’s stock worth $1,939,000 after buying an additional 2,613 shares during the period.
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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