A number of other research analysts have also recently issued reports on BURL. Loop Capital began coverage on Burlington Stores in a report on Thursday. They issued a buy rating and a $150.00 price target for the company. Cowen set a $136.00 price target on Burlington Stores and gave the company a buy rating in a report on Thursday. Telsey Advisory Group lifted their price target on Burlington Stores from $110.00 to $116.00 and gave the company an outperform rating in a report on Wednesday, November 22nd. Zacks Investment Research raised Burlington Stores from a hold rating to a buy rating and set a $114.00 price target for the company in a report on Monday, November 27th. Finally, Morgan Stanley lifted their price target on Burlington Stores from $107.00 to $116.00 and gave the company an overweight rating in a report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $125.78.
Burlington Stores (BURL) opened at $128.07 on Thursday. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. Burlington Stores has a twelve month low of $79.07 and a twelve month high of $128.93. The stock has a market capitalization of $8,740.52, a PE ratio of 29.65, a P/E/G ratio of 1.35 and a beta of 0.48.
In other news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $121.54, for a total transaction of $2,430,800.00. Following the completion of the transaction, the chief executive officer now directly owns 406,808 shares in the company, valued at approximately $49,443,444.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total value of $295,152.00. The disclosure for this sale can be found here. Insiders have sold a total of 64,800 shares of company stock valued at $7,615,336 over the last three months. Company insiders own 2.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Focused Wealth Management Inc acquired a new position in shares of Burlington Stores during the 4th quarter worth about $101,000. Captrust Financial Advisors acquired a new position in shares of Burlington Stores during the 4th quarter worth about $110,000. YorkBridge Wealth Partners LLC acquired a new position in shares of Burlington Stores during the 4th quarter worth about $106,000. FNY Managed Accounts LLC acquired a new position in shares of Burlington Stores during the 3rd quarter worth about $114,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Burlington Stores during the 3rd quarter worth about $143,000.
Burlington Stores Company Profile
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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