News stories about Burlington Stores (NYSE:BURL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Burlington Stores earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.0567629712843 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Gaming the system: Michigan Lottery cracks down on retailers who cheat customers (freep.com)
- Burlington Stores Sees Unusually High Options Volume (BURL) (americanbankingnews.com)
- Is a Beat in the Cards for Burlington (BURL) in Q3 Earnings? – Nasdaq (nasdaq.com)
- West Ridge Mall Burlington store to close in January | The Topeka … – Topeka Capital Journal (cjonline.com)
- Global engines manufacturer selects Bridgeline for North American B2B e‑commerce expansion (digitalcommerce360.com)
BURL has been the topic of a number of recent analyst reports. TheStreet raised Burlington Stores from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Deutsche Bank AG initiated coverage on Burlington Stores in a research note on Thursday, September 14th. They issued a “buy” rating and a $108.00 price objective on the stock. BMO Capital Markets reissued a “buy” rating and issued a $115.00 price objective on shares of Burlington Stores in a research note on Wednesday, September 13th. Cowen and Company set a $105.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research note on Monday, August 14th. Finally, Buckingham Research reissued a “buy” rating and issued a $107.00 price objective on shares of Burlington Stores in a research note on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Burlington Stores presently has a consensus rating of “Buy” and a consensus price target of $105.96.
Shares of Burlington Stores (BURL) traded up $4.58 on Friday, hitting $104.73. The stock had a trading volume of 1,520,000 shares, compared to its average volume of 1,053,713. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of -13.31. Burlington Stores has a twelve month low of $74.01 and a twelve month high of $104.84. The firm has a market capitalization of $7,223.44, a price-to-earnings ratio of 28.08, a PEG ratio of 1.42 and a beta of 0.51.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.22. Burlington Stores had a negative return on equity of 330.30% and a net margin of 4.46%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. equities analysts predict that Burlington Stores will post 4.24 EPS for the current fiscal year.
Burlington Stores declared that its board has authorized a stock 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 buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.51, for a total value of $1,970,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Marc Katz sold 11,000 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $87.25, for a total value of $959,750.00. Following the completion of the transaction, the chief financial officer now directly owns 124,555 shares in the company, valued at approximately $10,867,423.75. The disclosure for this sale can be found here. Insiders sold 87,922 shares of company stock worth $8,052,750 in the last three months. Insiders own 2.60% of the company’s stock.
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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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