Burlington Stores Inc (NYSE:BURL) has received a consensus recommendation of “Buy” from the twenty-four research firms that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $225.45.
A number of brokerages have commented on BURL. Citigroup lowered their target price on Burlington Stores from $260.00 to $205.00 and set a “buy” rating on the stock in a research note on Tuesday. MKM Partners raised their price objective on Burlington Stores from $238.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI started coverage on Burlington Stores in a research note on Friday, February 14th. They issued a “hold” rating and a $225.00 price target on the stock. Nomura dropped their price target on Burlington Stores from $252.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Finally, Telsey Advisory Group reissued a “market perform” rating on shares of Burlington Stores in a research note on Monday, March 2nd.
BURL traded up $7.46 on Friday, hitting $162.00. The company’s stock had a trading volume of 1,450,300 shares, compared to its average volume of 912,150. The company’s 50 day simple moving average is $207.73 and its 200-day simple moving average is $210.78. The firm has a market cap of $8.92 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.42 and a beta of 0.26. Burlington Stores has a 12 month low of $105.67 and a 12 month high of $250.89. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 6.29.
In other Burlington Stores news, Chairman Thomas Kingsbury sold 25,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $231.89, for a total transaction of $5,797,250.00. Following the sale, the chairman now owns 141,441 shares of the company’s stock, valued at $32,798,753.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.86% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of BURL. Capital World Investors purchased a new position in Burlington Stores in the 4th quarter worth $806,428,000. Alliancebernstein L.P. boosted its holdings in Burlington Stores by 16.3% in the fourth quarter. Alliancebernstein L.P. now owns 2,503,585 shares of the company’s stock valued at $570,892,000 after purchasing an additional 351,773 shares in the last quarter. Third Point LLC boosted its holdings in Burlington Stores by 114.3% in the third quarter. Third Point LLC now owns 1,500,000 shares of the company’s stock valued at $299,730,000 after purchasing an additional 800,000 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in Burlington Stores by 10.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 767,734 shares of the company’s stock valued at $175,066,000 after purchasing an additional 71,445 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Burlington Stores by 13.0% in the fourth quarter. Geode Capital Management LLC now owns 747,841 shares of the company’s stock valued at $170,377,000 after purchasing an additional 85,887 shares in the last quarter.
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, toys, and gifts, as well as baby, home, and beauty products.
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