Burlington Stores (NYSE:BURL) received a $150.00 target price from research analysts at MKM Partners in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. MKM Partners’ price objective indicates a potential upside of 19.48% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. BMO Capital Markets set a $120.00 price target on Burlington Stores and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Buckingham Research reissued a “buy” rating and set a $150.00 price target (up previously from $143.00) on shares of Burlington Stores in a research report on Friday. Citigroup began coverage on Burlington Stores in a research report on Sunday. They set a “buy” rating and a $57.00 price target for the company. Loop Capital began coverage on Burlington Stores in a research report on Thursday. They issued a “buy” rating and a $150.00 target price for the company. Finally, SunTrust Banks upped their target price on Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Burlington Stores has a consensus rating of “Buy” and an average target price of $129.43.
Burlington Stores (NYSE:BURL) traded down $2.53 during mid-day trading on Monday, reaching $125.54. The company’s stock had a trading volume of 1,732,342 shares, compared to its average volume of 979,805. Burlington Stores has a 1 year low of $79.07 and a 1 year high of $128.93. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. The stock has a market capitalization of $8,740.00, a P/E ratio of 22.78, a PEG ratio of 1.22 and a beta of 0.48.
In other Burlington Stores news, insider Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total transaction of $295,152.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $117.91, for a total value of $2,358,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,800 shares of company stock worth $5,377,336. Insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Focused Wealth Management Inc acquired a new stake in Burlington Stores during the fourth quarter valued at approximately $101,000. YorkBridge Wealth Partners LLC acquired a new stake in Burlington Stores during the fourth quarter valued at approximately $106,000. Captrust Financial Advisors acquired a new stake in Burlington Stores during the fourth quarter valued at approximately $110,000. FNY Managed Accounts LLC acquired a new stake in Burlington Stores during the third quarter valued at approximately $114,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Burlington Stores during the third quarter valued at approximately $143,000.
TRADEMARK VIOLATION NOTICE: This article was posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/03/12/burlington-stores-burl-given-a-150-00-price-target-at-mkm-partners.html.
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.
Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.