Wells Fargo & Co Analysts Give Burlington Stores (BURL) a $143.00 Price Target
Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of Burlington Stores from a c+ rating to a b- rating in a research note on Monday, November 13th. SunTrust Banks set a $109.00 price objective on shares of Burlington Stores and gave the company a buy rating in a research report on Monday, October 16th. Deutsche Bank assumed coverage on shares of Burlington Stores in a research report on Thursday, September 14th. They set a buy rating and a $108.00 price objective on the stock. BMO Capital Markets restated a buy rating and set a $115.00 price objective on shares of Burlington Stores in a research report on Wednesday, September 13th. Finally, Buckingham Research restated a buy rating and set a $107.00 price objective on shares of Burlington Stores in a research report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $112.84.
Shares of Burlington Stores (BURL) traded up $3.58 during midday trading on Thursday, hitting $125.88. 1,135,700 shares of the stock traded hands, compared to its average volume of 1,041,300. The company has a market capitalization of $8,590.00, a P/E ratio of 33.04, a PEG ratio of 1.68 and a beta of 0.56. Burlington Stores has a 52-week low of $79.07 and a 52-week high of $126.69. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71.
Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.05. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. equities research analysts forecast that Burlington Stores will post 4.28 earnings per share for the current year.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $121.54, for a total value of $2,430,800.00. Following the transaction, the chief executive officer now directly owns 406,808 shares in the company, valued at $49,443,444.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marc Katz sold 11,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $102.59, for a total transaction of $1,128,490.00. Following the completion of the transaction, the chief financial officer now owns 124,555 shares in the company, valued at $12,778,097.45. The disclosure for this sale can be found here. Insiders sold 87,701 shares of company stock worth $9,524,858 over the last quarter. Insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC bought a new position in Burlington Stores in the third quarter worth approximately $114,000. Advisor Group Inc. raised its position in Burlington Stores by 9.2% in the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after acquiring an additional 128 shares during the period. Daiwa Securities Group Inc. bought a new position in Burlington Stores in the third quarter worth approximately $143,000. The Manufacturers Life Insurance Company raised its position in Burlington Stores by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after acquiring an additional 210 shares during the period. Finally, Vident Investment Advisory LLC bought a new position in Burlington Stores in the third quarter worth approximately $230,000.
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.
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