Burlington Stores Inc. (NYSE:BURL)‘s stock had its “outperform” rating reiterated by analysts at BMO Capital Markets in a research note issued to investors on Wednesday. They presently have a $96.00 price objective on the stock. BMO Capital Markets’ price target indicates a potential upside of 17.62% from the company’s previous close.
A number of other equities analysts also recently commented on BURL. Telsey Advisory Group lifted their price objective on Burlington Stores from $70.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 19th. Morgan Stanley reiterated an “overweight” rating and set a $74.00 price objective (up previously from $63.00) on shares of Burlington Stores in a research report on Wednesday, July 20th. Royal Bank Of Canada lifted their price objective on Burlington Stores from $66.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, July 21st. RBC Capital Markets reiterated an “outperform” rating and set a $82.00 price objective (up previously from $66.00) on shares of Burlington Stores in a research report on Friday, July 22nd. Finally, MKM Partners lifted their price objective on Burlington Stores from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Monday, July 25th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $85.18.
Burlington Stores (NYSE:BURL) opened at 81.62 on Wednesday. The stock’s 50 day moving average price is $81.22 and its 200-day moving average price is $66.70. The company has a market cap of $5.77 billion, a P/E ratio of 34.96 and a beta of 0.38. Burlington Stores has a 52-week low of $39.40 and a 52-week high of $87.23.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.09. Burlington Stores had a negative return on equity of 183.69% and a net margin of 3.22%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the business posted $0.19 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that Burlington Stores will post $2.98 earnings per share for the current fiscal year.
In related news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $76.21, for a total transaction of $1,524,200.00. Following the completion of the transaction, the chief executive officer now directly owns 621,871 shares of the company’s stock, valued at approximately $47,392,788.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mike Metheny sold 4,000 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $82.32, for a total value of $329,280.00. Following the transaction, the insider now directly owns 6,281 shares of the company’s stock, valued at $517,051.92. The disclosure for this sale can be found here. Corporate insiders own 2.21% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marsico Capital Management LLC boosted its position in Burlington Stores by 44.3% in the first quarter. Marsico Capital Management LLC now owns 160,884 shares of the company’s stock valued at $9,048,000 after buying an additional 49,382 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Burlington Stores by 211.2% in the first quarter. UBS Asset Management Americas Inc. now owns 194,939 shares of the company’s stock valued at $10,964,000 after buying an additional 132,305 shares in the last quarter. Cupps Capital Management LLC acquired a new position in Burlington Stores during the first quarter valued at about $9,829,000. Credit Agricole S A boosted its position in Burlington Stores by 846.2% in the first quarter. Credit Agricole S A now owns 231,590 shares of the company’s stock valued at $13,024,000 after buying an additional 207,114 shares in the last quarter. Finally, Spark Investment Management LLC acquired a new position in Burlington Stores during the first quarter valued at about $2,671,000.
About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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