Burlington Stores (BURL) Sets New 1-Year High at $123.03

Burlington Stores, Inc. (NYSE:BURL)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $123.03 and last traded at $123.03, with a volume of 518100 shares trading hands. The stock had previously closed at $121.65.

A number of equities analysts recently weighed in on the company. TheStreet raised Burlington Stores from a “c+” rating to a “b-” rating in a report on Monday, November 13th. SunTrust Banks set a $109.00 price target on Burlington Stores and gave the stock a “buy” rating in a report on Monday, October 16th. Deutsche Bank assumed coverage on Burlington Stores in a report on Thursday, September 14th. They issued a “buy” rating and a $108.00 price target for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 price target on shares of Burlington Stores in a report on Wednesday, September 13th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $107.00 price target on shares of Burlington Stores in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $110.49.

The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. The stock has a market capitalization of $8,396.54, a PE ratio of 32.29, a PEG ratio of 1.65 and a beta of 0.56.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. equities research analysts predict that Burlington Stores, Inc. will post 4.28 earnings per share for the current fiscal year.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $92.29, for a total value of $1,845,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marc Katz sold 11,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $102.59, for a total value of $1,128,490.00. Following the completion of the transaction, the chief financial officer now owns 124,555 shares of the company’s stock, valued at $12,778,097.45. The disclosure for this sale can be found here. Insiders sold 85,301 shares of company stock valued at $8,644,706 over the last 90 days. Company insiders own 2.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BURL. Raymond James Trust N.A. raised its stake in shares of Burlington Stores by 1.1% in the second quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock valued at $350,000 after acquiring an additional 40 shares in the last quarter. Advisor Group Inc. raised its stake in shares of 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 acquiring an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Burlington Stores by 6.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock valued at $283,000 after acquiring an additional 191 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Burlington Stores by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after acquiring an additional 210 shares in the last quarter. Finally, Suntrust Banks Inc. raised its stake in shares of Burlington Stores by 4.4% in the second quarter. Suntrust Banks Inc. now owns 5,466 shares of the company’s stock valued at $501,000 after acquiring an additional 229 shares in the last quarter.

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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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