Burlington Stores (BURL) Receives Coverage Optimism Score of 0.08

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News headlines about Burlington Stores (NYSE:BURL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Burlington Stores earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.5735848959298 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

A number of analysts have commented on the company. OTR Global assumed coverage on Burlington Stores in a research report on Tuesday, May 8th. They set a “positive” rating on the stock. Morgan Stanley boosted their target price on Burlington Stores from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, June 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price (up from $146.00) on shares of Burlington Stores in a research report on Wednesday, April 18th. Citigroup boosted their target price on Burlington Stores from $135.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday, June 1st. Finally, Wedbush initiated coverage on Burlington Stores in a research report on Friday, June 22nd. They set an “outperform” rating and a $175.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Burlington Stores presently has a consensus rating of “Buy” and a consensus price target of $151.94.

Shares of NYSE:BURL opened at $154.65 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.29 and a debt-to-equity ratio of 10.09. Burlington Stores has a 52-week low of $79.07 and a 52-week high of $158.23. The firm has a market capitalization of $10.57 billion, a PE ratio of 35.39, a P/E/G ratio of 1.43 and a beta of 0.44.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, May 31st. The company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.17. Burlington Stores had a negative return on equity of 16,096.86% and a net margin of 6.61%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business earned $0.79 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. equities analysts anticipate that Burlington Stores will post 6.04 EPS for the current fiscal year.

In related news, insider Joyce Manning Magrini sold 2,500 shares of the stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $149.19, for a total transaction of $372,975.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Fred Hand sold 6,500 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $150.78, for a total value of $980,070.00. The disclosure for this sale can be found here. Insiders sold 73,262 shares of company stock worth $11,086,776 over the last 90 days. Company insiders own 1.91% of the company’s stock.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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