Analysts Set Burlington Stores Inc (BURL) Target Price at $179.06
Burlington Stores Inc (NYSE:BURL) has been assigned a consensus rating of “Buy” from the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $179.06.
A number of research analysts have recently commented on the stock. Guggenheim restated a “hold” rating on shares of Burlington Stores in a report on Thursday. Wells Fargo & Co upped their price target on shares of Burlington Stores from $160.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Wedbush upped their price target on shares of Burlington Stores from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Finally, ValuEngine cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Monday, May 13th.
In other Burlington Stores news, insider Fred Hand sold 6,486 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $140.00, for a total transaction of $908,040.00. Following the transaction, the insider now directly owns 61,282 shares in the company, valued at approximately $8,579,480. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $143.19, for a total transaction of $2,863,800.00. Following the transaction, the chief executive officer now owns 306,458 shares in the company, valued at $43,881,721.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,215 shares of company stock worth $16,597,535. 1.86% of the stock is owned by company insiders.
Shares of BURL traded down $2.73 during midday trading on Monday, hitting $153.85. The stock had a trading volume of 1,040,505 shares, compared to its average volume of 1,249,657. Burlington Stores has a 1 year low of $136.30 and a 1 year high of $180.27. The company has a market cap of $10.40 billion, a P/E ratio of 23.89, a P/E/G ratio of 1.32 and a beta of 0.25. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 3.05.
Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 30th. The company reported $1.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. Burlington Stores had a net margin of 6.05% and a return on equity of 197.66%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts predict that Burlington Stores will post 6.99 earnings per share for the current fiscal year.
Burlington Stores Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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