Burlington Stores (NYSE:BURL) has been assigned a $143.00 price target by equities researchers at Wells Fargo & Co in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Wells Fargo & Co’s target price suggests a potential upside of 17.81% from the company’s previous close.
A number of other equities analysts have also recently weighed in on BURL. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Monday. SunTrust Banks increased their price objective on shares of Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Telsey Advisory Group increased their price objective on shares of Burlington Stores from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Cowen reaffirmed a “buy” rating and set a $115.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 21st. Finally, Morgan Stanley increased their price objective on shares of Burlington Stores from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $112.84.
Burlington Stores (NYSE:BURL) traded down $0.24 during trading on Thursday, hitting $121.38. 872,200 shares of the stock traded hands, compared to its average volume of 992,200. Burlington Stores has a twelve month low of $79.07 and a twelve month high of $125.82. 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 cap of $8,310.00, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.66 and a beta of 0.56.
In other news, EVP Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $95.37, for a total value of $228,888.00. Following the sale, the executive vice president now directly owns 46,013 shares in the company, valued at approximately $4,388,259.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $98.51, for a total transaction of $1,970,200.00. The disclosure for this sale can be found here. Insiders sold a total of 67,701 shares of company stock valued at $7,094,058 in the last three months. 2.60% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in Burlington Stores during the 3rd quarter worth $114,000. TrimTabs Asset Management LLC purchased a new stake in Burlington Stores during the first quarter worth about $122,000. Tower Research Capital LLC TRC boosted its holdings in Burlington Stores by 2.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,290 shares of the company’s stock worth $105,000 after buying an additional 32 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Burlington Stores during the third quarter worth about $106,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Burlington Stores during the third quarter worth about $109,000.
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About Burlington Stores
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.
