BURL has been the subject of several other reports. Cowen set a $132.00 target price on shares of Burlington Stores and gave the company a buy rating in a research note on Monday, December 11th. Zacks Investment Research upgraded shares of Burlington Stores from a hold rating to a buy rating and set a $114.00 target price for the company in a research note on Monday, November 27th. TheStreet upgraded shares of Burlington Stores from a c+ rating to a b- rating in a research note on Monday, November 13th. Morgan Stanley raised their target price on shares of Burlington Stores from $107.00 to $116.00 and gave the company an overweight rating in a research note on Wednesday, November 22nd. Finally, Telsey Advisory Group raised their target price on shares of Burlington Stores from $110.00 to $116.00 and gave the company an outperform rating in a research note on Wednesday, November 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $129.43.
Shares of Burlington Stores (NYSE:BURL) opened at $125.54 on Friday. Burlington Stores has a one year low of $79.07 and a one year high of $128.93. The stock has a market cap of $8,570.00, a PE ratio of 22.78, a P/E/G ratio of 1.22 and a beta of 0.48. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71.
In other news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $121.54, for a total transaction of $2,430,800.00. Following the transaction, the chief executive officer now directly owns 406,808 shares of the company’s stock, valued at $49,443,444.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total transaction of $295,152.00. The disclosure for this sale can be found here. Insiders have sold 44,800 shares of company stock valued at $5,377,336 over the last 90 days. Company insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in BURL. The Manufacturers Life Insurance Company increased its holdings in shares of Burlington Stores by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after purchasing an additional 210 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of Burlington Stores by 2.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 85,003 shares of the company’s stock worth $8,114,000 after purchasing an additional 2,110 shares during the period. American Century Companies Inc. increased its holdings in shares of Burlington Stores by 3.0% during the third quarter. American Century Companies Inc. now owns 861,771 shares of the company’s stock worth $82,265,000 after purchasing an additional 24,843 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Burlington Stores during the third quarter worth approximately $143,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Burlington Stores by 18.8% during the third quarter. BNP Paribas Arbitrage SA now owns 155,285 shares of the company’s stock worth $14,824,000 after purchasing an additional 24,601 shares during the period.
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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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