BMO Capital Markets set a $115.00 price objective on Burlington Stores, Inc. (NYSE:BURL) in a research report sent to investors on Tuesday, August 8th. The firm currently has a buy rating on the stock.
Other analysts have also recently issued research reports about the company. Vetr cut Burlington Stores from a strong-buy rating to a buy rating and set a $105.25 price target for the company. in a research report on Thursday, April 20th. Bank of America Corporation upped their price objective on Burlington Stores from $110.00 to $114.00 and gave the stock a buy rating in a research note on Tuesday, May 30th. MKM Partners reaffirmed a buy rating and issued a $108.00 price objective (up previously from $104.00) on shares of Burlington Stores in a research note on Tuesday, May 30th. Zacks Investment Research raised Burlington Stores from a hold rating to a buy rating and set a $111.00 price objective for the company in a research note on Friday, June 2nd. Finally, BidaskClub raised Burlington Stores from a hold rating to a buy rating in a research note on Wednesday, July 5th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Burlington Stores presently has a consensus rating of Buy and an average target price of $104.28.
Shares of Burlington Stores (NYSE:BURL) traded up 4.38% on Tuesday, reaching $84.79. The company’s stock had a trading volume of 2,556,819 shares. Burlington Stores has a 12-month low of $68.94 and a 12-month high of $104.07. The company’s 50-day moving average is $86.91 and its 200 day moving average is $92.11. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 26.31 and a beta of 0.51. Burlington Stores also was the target of unusually large options trading on Tuesday. Stock investors bought 15,229 call options on the company. This represents an increase of approximately 1,545% compared to the typical volume of 926 call options.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Burlington Stores had a negative return on equity of 294.39% and a net margin of 4.08%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share. Equities analysts anticipate that Burlington Stores will post $3.97 earnings per share for the current fiscal year.
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In other news, insider Joyce Manning Magrini sold 3,333 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $93.05, for a total value of $310,135.65. Following the sale, the insider now directly owns 56,882 shares in the company, valued at $5,292,870.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $84.03, for a total value of $1,680,600.00. Following the completion of the sale, the chief executive officer now owns 518,008 shares in the company, valued at $43,528,212.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,168 shares of company stock worth $6,272,491. Company insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC purchased a new position in Burlington Stores during the first quarter valued at approximately $122,000. Advisor Group Inc. increased its position in Burlington Stores by 9.2% in the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after buying an additional 128 shares during the last quarter. CAPROCK Group Inc. purchased a new position in Burlington Stores during the first quarter valued at approximately $202,000. Nine Chapters Capital Management LLC purchased a new position in Burlington Stores during the first quarter valued at approximately $204,000. Finally, Laurion Capital Management LP purchased a new position in Burlington Stores during the first quarter valued at approximately $204,000.
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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