Burlington (NYSE:BURL)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a report released on Wednesday, MarketBeat.com reports. They presently have a $150.00 price objective on the stock, up from their previous price objective of $146.00. Telsey Advisory Group’s target price indicates a potential upside of 9.48% from the company’s current price.
Several other research analysts have also commented on BURL. Wells Fargo set a $143.00 target price on Burlington and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded Burlington from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Wednesday, January 24th. Credit Suisse Group initiated coverage on Burlington in a research report on Monday, March 12th. They issued an “outperform” rating and a $146.00 target price for the company. ValuEngine upgraded Burlington from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, SunTrust Banks set a $145.00 target price on Burlington and gave the stock a “buy” rating in a research report on Thursday, March 8th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $132.19.
BURL stock opened at $137.01 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.31 and a debt-to-equity ratio of 12.84. Burlington has a 52-week low of $79.07 and a 52-week high of $140.34. The company has a market cap of $9,511.02, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 1.30 and a beta of 0.42.
Burlington (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.08. Burlington had a negative return on equity of 754.89% and a net margin of 6.31%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the business earned $1.78 EPS. Burlington’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities analysts forecast that Burlington will post 5.76 EPS for the current fiscal year.
In related news, insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $122.16, for a total transaction of $293,184.00. Following the completion of the transaction, the insider now owns 38,214 shares in the company, valued at approximately $4,668,222.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $137.13, for a total value of $2,742,600.00. Following the transaction, the chief executive officer now owns 355,273 shares of the company’s stock, valued at approximately $48,718,586.49. The disclosure for this sale can be found here. Insiders have sold a total of 67,400 shares of company stock valued at $8,558,509 in the last 90 days. Insiders own 1.91% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Burlington by 1.9% during the 4th quarter. BlackRock Inc. now owns 2,987,183 shares of the company’s stock valued at $367,512,000 after purchasing an additional 56,769 shares during the period. Eagle Asset Management Inc. boosted its position in Burlington by 9.3% during the 4th quarter. Eagle Asset Management Inc. now owns 1,378,546 shares of the company’s stock valued at $168,761,000 after purchasing an additional 116,893 shares during the period. Victory Capital Management Inc. boosted its position in Burlington by 3.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,353,424 shares of the company’s stock valued at $166,511,000 after purchasing an additional 44,350 shares during the period. American Century Companies Inc. boosted its position in Burlington by 50.6% during the 4th quarter. American Century Companies Inc. now owns 1,297,602 shares of the company’s stock valued at $159,644,000 after purchasing an additional 435,831 shares during the period. Finally, Carillon Tower Advisers Inc. acquired a new position in Burlington during the 4th quarter valued at approximately $122,030,000.
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including ladies sportswear, menswear, youth apparel, baby furniture, footwear, accessories, home décor and gifts, and coats. It operates 629 stores, including an Internet store in 45 states and Puerto Rico.
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