Loop Capital began coverage on shares of Burlington Stores (NYSE:BURL) in a research report released on Thursday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $150.00 price objective on the stock.
BURL has been the subject of several other research reports. Cowen set a $132.00 price objective on Burlington Stores and gave the company a buy rating in a report on Monday, December 11th. Zacks Investment Research upgraded Burlington Stores from a hold rating to a buy rating and set a $114.00 price objective for the company in a report on Monday, November 27th. TheStreet raised Burlington Stores from a c+ rating to a b- rating in a report on Monday, November 13th. Morgan Stanley upped their target price on Burlington Stores from $107.00 to $116.00 and gave the company an overweight rating in a report on Wednesday, November 22nd. Finally, Telsey Advisory Group upped their target price on Burlington Stores from $110.00 to $116.00 and gave the company an outperform rating in a report on Wednesday, November 22nd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $123.60.
Shares of Burlington Stores (NYSE: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. The firm has a market capitalization of $8,740.52, a price-to-earnings ratio of 23.24, a PEG ratio of 1.35 and a beta of 0.48. Burlington Stores has a twelve month low of $79.07 and a twelve month high of $128.93.
In related news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $117.91, for a total transaction of $2,358,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $122.16, for a total value of $293,184.00. Following the transaction, the insider now directly owns 38,214 shares in the company, valued at $4,668,222.24. The disclosure for this sale can be found here. Insiders have sold 44,800 shares of company stock worth $5,377,336 over the last three months. 2.60% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Focused Wealth Management Inc acquired a new position in Burlington Stores during the fourth quarter valued at $101,000. YorkBridge Wealth Partners LLC acquired a new position in Burlington Stores during the fourth quarter valued at $106,000. Captrust Financial Advisors acquired a new position in Burlington Stores during the fourth quarter valued at $110,000. FNY Managed Accounts LLC acquired a new position in Burlington Stores during the third quarter valued at $114,000. Finally, Daiwa Securities Group Inc. acquired a new position in Burlington Stores during the third quarter valued at $143,000.
About Burlington Stores
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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