Stock analysts at Guggenheim started coverage on shares of Burlington Stores Inc. (NYSE:BURL) in a research report issued on Friday, The Fly reports. The firm set a “neutral” rating on the stock.
BURL has been the topic of a number of other reports. Bank of America Corp. reiterated a “buy” rating and issued a $95.00 price objective (up from $90.00) on shares of Burlington Stores in a research report on Monday. Buckingham Research lifted their price objective on Burlington Stores from $82.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. Telsey Advisory Group lifted their price objective on Burlington Stores from $84.00 to $86.00 and gave the stock a “market perform” rating in a research report on Friday, August 26th. Royal Bank Of Canada lifted their price objective on Burlington Stores from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Finally, MKM Partners upgraded Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price target for the company from $73.00 to $94.00 in a research report on Friday, August 26th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $85.18.
Shares of Burlington Stores (NYSE:BURL) opened at 81.62 on Friday. Burlington Stores has a 12 month low of $39.40 and a 12 month high of $87.23. The stock’s 50 day moving average price is $81.22 and its 200 day moving average price is $66.70. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 34.96 and a beta of 0.38.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.09. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Burlington Stores had a negative return on equity of 183.69% and a net margin of 3.22%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.19 EPS. Analysts expect that Burlington Stores will post $2.98 EPS for the current year.
In other news, 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 completion of the transaction, the insider now owns 6,281 shares in the company, valued at $517,051.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,524,200.00. Following the completion of the transaction, the chief executive officer now owns 621,871 shares of the company’s stock, valued at approximately $47,392,788.91. The disclosure for this sale can be found here. 2.21% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of BURL. Aperio Group LLC purchased a new stake in Burlington Stores during the first quarter worth approximately $304,000. TIAA CREF Investment Management LLC boosted its stake in Burlington Stores by 1.3% in the first quarter. TIAA CREF Investment Management LLC now owns 280,188 shares of the company’s stock worth $15,758,000 after buying an additional 3,714 shares during the period. Insight Capital Research & Management Inc. purchased a new stake in Burlington Stores during the first quarter worth approximately $3,723,000. Hudson Bay Capital Management LP purchased a new stake in Burlington Stores during the first quarter worth approximately $343,000. Finally, JPMorgan Chase & Co. boosted its stake in Burlington Stores by 1.6% in the first quarter. JPMorgan Chase & Co. now owns 535,310 shares of the company’s stock worth $30,106,000 after buying an additional 8,670 shares during the period.
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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