Burlington Stores (BURL) Earning Somewhat Positive Press Coverage, Analysis Finds

Headlines about Burlington Stores (NYSE:BURL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Burlington Stores earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the company an impact score of 44.3577697052097 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

Several research analysts recently commented on the stock. SunTrust Banks, Inc. set a $109.00 target price on shares of Burlington Stores and gave the stock a “buy” rating in a report on Monday. Buckingham Research reiterated a “buy” rating and issued a $107.00 target price on shares of Burlington Stores in a report on Thursday. BMO Capital Markets set a $115.00 target price on shares of Burlington Stores and gave the stock a “buy” rating in a report on Tuesday, August 8th. BidaskClub downgraded shares of Burlington Stores from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Credit Suisse Group downgraded shares of Burlington Stores from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $97.00 to $89.00 in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $105.70.

Shares of Burlington Stores (BURL) opened at 89.03 on Friday. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 24.59 and a beta of 0.53. Burlington Stores has a 12 month low of $68.94 and a 12 month high of $104.07. The stock’s 50 day moving average is $90.74 and its 200 day moving average is $91.94.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 24th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.50 by $0.22. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm earned $0.39 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Burlington Stores will post $4.20 earnings per share for the current fiscal year.

Burlington Stores announced that its board has authorized a share repurchase plan on Thursday, August 24th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $84.03, for a total value of $1,680,600.00. Following the sale, the chief executive officer now directly owns 518,008 shares in the company, valued at approximately $43,528,212.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Marc Katz sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $87.25, for a total transaction of $959,750.00. Following the completion of the sale, the chief financial officer now owns 124,555 shares in the company, valued at $10,867,423.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,857 shares of company stock worth $7,828,142. 2.60% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Burlington Stores (NYSE:BURL)

Insider Buying and Selling by Quarter for Burlington Stores (NYSE:BURL)

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