Several other equities research analysts also recently weighed in on the company. Loop Capital assumed coverage on Burlington Stores in a research report on Thursday. They issued a buy rating and a $150.00 target price for the company. Wells Fargo & Co set a $143.00 target price on Burlington Stores and gave the stock a buy rating in a research report on Thursday, January 11th. SunTrust Banks upped their target price on Burlington Stores from $109.00 to $117.00 and gave the stock a buy rating in a research report on Wednesday, November 22nd. Cowen set a $136.00 target price on Burlington Stores and gave the stock a buy rating in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $115.00 target price (up previously from $104.00) on shares of Burlington Stores in a research report on Wednesday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Burlington Stores has an average rating of Buy and an average target price of $125.78.
Shares of Burlington Stores (NYSE BURL) opened at $128.07 on Thursday. Burlington Stores has a 1 year low of $79.07 and a 1 year high of $128.93. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. The stock has a market capitalization of $8,740.52, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.35 and a beta of 0.48.
In related news, insider Joyce Manning Magrini sold 2,400 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $111.90, for a total value of $2,238,000.00. Following the completion of the transaction, the chief executive officer now directly owns 437,608 shares of the company’s stock, valued at approximately $48,968,335.20. The disclosure for this sale can be found here. Insiders sold 64,800 shares of company stock valued at $7,615,336 in the last three months. 2.60% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank boosted its holdings in Burlington Stores by 0.7% in the fourth quarter. Swiss National Bank now owns 117,500 shares of the company’s stock valued at $14,456,000 after purchasing an additional 800 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new position in Burlington Stores in the third quarter valued at about $2,644,000. Legal & General Group Plc boosted its holdings in Burlington Stores by 13.2% in the third quarter. Legal & General Group Plc now owns 47,146 shares of the company’s stock valued at $4,503,000 after purchasing an additional 5,484 shares during the last quarter. Nicholas Investment Partners LP boosted its holdings in Burlington Stores by 23.7% in the fourth quarter. Nicholas Investment Partners LP now owns 146,654 shares of the company’s stock valued at $18,043,000 after purchasing an additional 28,085 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in Burlington Stores in the third quarter valued at about $584,000.
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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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