Burlington Stores Inc. (NYSE:BURL)‘s stock had its “outperform” rating restated by investment 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 objective points to a potential upside of 16.56% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. Bank of America Corp. reaffirmed a “buy” rating and set a $95.00 price target (up from $90.00) on shares of Burlington Stores in a research note on Monday. Credit Suisse Group AG reaffirmed a “hold” rating and set a $75.00 price target on shares of Burlington Stores in a research note on Tuesday, September 13th. RBC Capital Markets reaffirmed an “outperform” rating and set a $86.00 price target (up from $82.00) on shares of Burlington Stores in a research note on Friday, August 26th. Wells Fargo & Co. reissued an “outperform” rating and issued a $89.00 price objective on shares of Burlington Stores in a research note on Friday, August 26th. Finally, Morgan Stanley reissued a “buy” rating and issued a $82.00 price objective on shares of Burlington Stores in a research note on Friday, August 26th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Burlington Stores currently has a consensus rating of “Buy” and an average target price of $85.18.
Shares of Burlington Stores (NYSE:BURL) traded down 1.45% on Wednesday, hitting $82.36. The stock had a trading volume of 697,528 shares. The company has a 50-day moving average of $80.87 and a 200 day moving average of $66.48. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 35.27 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 posted its quarterly earnings results on Thursday, August 25th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business earned $0.19 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Burlington Stores will post $2.98 EPS for the current year.
In other news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $67.07, for a total value of $1,341,400.00. Following the completion of the transaction, the chief executive officer now directly owns 644,701 shares of the company’s stock, valued at $43,240,096.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marc Katz sold 10,000 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $81.00, for a total value of $810,000.00. Following the completion of the transaction, the chief financial officer now directly owns 102,465 shares of the company’s stock, valued at $8,299,665. The disclosure for this sale can be found here. Company insiders own 2.21% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Aperio Group LLC bought a new position in Burlington Stores during the first quarter worth approximately $304,000. TIAA CREF Investment Management LLC raised its position 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 last quarter. Insight Capital Research & Management Inc. bought a new position in Burlington Stores during the first quarter worth approximately $3,723,000. Hudson Bay Capital Management LP bought a new position in Burlington Stores during the first quarter worth approximately $343,000. Finally, JPMorgan Chase & Co. raised its position 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 last quarter.
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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