Burlington Stores (BURL) Given Daily News Sentiment Rating of 0.29
Media coverage about Burlington Stores (NYSE:BURL) has been trending positive on Wednesday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Burlington Stores earned a news sentiment score of 0.29 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.1137446333975 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Burlington mall developer says he purchased Macy’s building (fresnobee.com)
- Macy’s, Inc. Slows Its Pace of Store Closures (fool.com)
- Burlington mall developer says he purchased Macy’s building (seattletimes.com)
- Need a job? Dayton career fair planned Friday (whio.com)
- Sears to close Burlington Mall store, and 100 others (homenewshere.com)
Shares of Burlington Stores (BURL) traded down $0.24 on Wednesday, reaching $121.38. The company’s stock had a trading volume of 872,228 shares, compared to its average volume of 992,200. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. Burlington Stores has a one year low of $79.07 and a one year high of $125.82. The firm has a market capitalization of $8,310.00, a price-to-earnings ratio of 31.86, a P/E/G ratio of 1.66 and a beta of 0.56.
Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. analysts anticipate that Burlington Stores will post 4.28 earnings per share for the current fiscal year.
Several research firms recently commented on BURL. BMO Capital Markets reaffirmed a “buy” rating and set a $115.00 target price on shares of Burlington Stores in a report on Wednesday, September 13th. BidaskClub raised Burlington Stores from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Zacks Investment Research lowered Burlington Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, October 30th. SunTrust Banks raised their target price on Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Finally, Cowen set a $105.00 target price on Burlington Stores and gave the stock a “buy” rating in a report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $110.49.
In other news, insider Fred Hand sold 3,501 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $102.75, for a total value of $359,727.75. Following the transaction, the insider now owns 71,810 shares in the company, valued at $7,378,477.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $122.98, for a total value of $295,152.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,701 shares of company stock worth $7,094,058. Company insiders own 2.60% of the company’s stock.
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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