Bank of America Corp. restated their buy rating on shares of Burlington Stores Inc. (NYSE:BURL) in a research note released on Monday. They currently have a $95.00 price target on the stock, up from their previous price target of $90.00.
A number of other research analysts have also recently weighed in on the company. Wells Fargo & Co. restated an outperform rating and issued a $89.00 price target on shares of Burlington Stores in a research report on Friday, August 26th. Morgan Stanley restated a buy rating and issued a $82.00 price target on shares of Burlington Stores in a research report on Friday, August 26th. Cowen and Company raised their price target on Burlington Stores from $79.00 to $90.00 and gave the company an outperform rating in a research report on Friday, August 26th. Credit Suisse Group AG restated a hold rating and issued a $75.00 price target on shares of Burlington Stores in a research report on Tuesday, September 13th. Finally, Royal Bank Of Canada raised their price target on Burlington Stores from $66.00 to $82.00 and gave the company an outperform rating in a research report on Thursday, July 21st. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $85.18.
Shares of Burlington Stores (NYSE:BURL) opened at 82.36 on Monday. The company has a 50-day moving average of $81.07 and a 200 day moving average of $66.59. Burlington Stores has a one year low of $39.40 and a one year high of $87.23. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 35.27 and a beta of 0.38.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.09. The firm earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Burlington Stores had a negative return on equity of 183.69% and a net margin of 3.22%. Burlington Stores’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. On average, equities analysts forecast that Burlington Stores will post $2.98 earnings per share for the current fiscal year.
In other news, insider Mike Metheny sold 4,000 shares of Burlington Stores stock in a transaction dated 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 approximately $517,051.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Fred Hand sold 12,000 shares of Burlington Stores stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $81.10, for a total value of $973,200.00. Following the completion of the transaction, the executive vice president now directly owns 75,665 shares in the company, valued at $6,136,431.50. The disclosure for this sale can be found here. 2.21% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new position in Burlington Stores during the second quarter valued at $112,000. Fuller & Thaler Asset Management Inc. bought a new position in Burlington Stores during the second quarter valued at approximately $120,000. DIAM Co. Ltd. bought a new position in Burlington Stores during the second quarter valued at approximately $178,000. Nisa Investment Advisors LLC raised its position in Burlington Stores by 250.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the company’s stock valued at $187,000 after buying an additional 2,000 shares during the period. Finally, Raymond James Trust N.A. bought a new position in Burlington Stores during the second quarter valued at approximately $203,000.
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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