Burlington Stores Inc (NYSE:BURL)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $132.21 and last traded at $132.55, with a volume of 491752 shares changing hands. The stock had previously closed at $128.26.
Several equities analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Burlington Stores in a report on Friday, March 9th. Citigroup started coverage on shares of Burlington Stores in a report on Sunday, March 11th. They set a “buy” rating and a $57.00 target price on the stock. Wolfe Research reissued an “outperform” rating and issued a $146.00 price target (up previously from $139.00) on shares of Burlington Stores in a report on Friday, March 9th. MKM Partners set a $150.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a report on Monday, March 12th. Finally, Buckingham Research reissued a “buy” rating and issued a $150.00 price target (up previously from $143.00) on shares of Burlington Stores in a report on Friday, March 9th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Burlington Stores currently has an average rating of “Buy” and a consensus price target of $129.43.
The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22. The company has a market cap of $8,589.68, a price-to-earnings ratio of 23.28, a PEG ratio of 1.17 and a beta of 0.48.
Burlington Stores (NYSE:BURL) last issued its earnings results 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 Stores had a net margin of 6.31% and a negative return on equity of 367.54%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. sell-side analysts anticipate that Burlington Stores Inc will post 5.77 EPS for the current fiscal year.
In related news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $125.84, for a total transaction of $2,516,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $122.98, for a total transaction of $295,152.00. The disclosure for this sale can be found here. Insiders sold 67,300 shares of company stock valued at $8,208,236 over the last quarter. Company insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings 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 worth $208,000 after buying an additional 210 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Burlington Stores in the third quarter valued at $381,000. SG Americas Securities LLC purchased a new stake in shares of Burlington Stores in the third quarter valued at $1,152,000. Macquarie Group Ltd. raised its stake in shares of Burlington Stores by 155.1% in the third quarter. Macquarie Group Ltd. now owns 210,188 shares of the company’s stock valued at $20,065,000 after acquiring an additional 127,794 shares during the period. Finally, Stephens Investment Management Group LLC raised its stake in shares of Burlington Stores by 8.4% in the third quarter. Stephens Investment Management Group LLC now owns 346,943 shares of the company’s stock valued at $33,119,000 after acquiring an additional 26,782 shares during the period.
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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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