Nomura assumed coverage on shares of Burlington Stores (NYSE:BURL) in a research report sent to investors on Thursday morning, Benzinga’s Daily Ratings Newsletter reports. The firm issued a buy rating and a $220.00 target price on the stock.
A number of other equities analysts have also recently issued reports on the company. Robert W. Baird set a $215.00 target price on Burlington Stores and gave the stock a buy rating in a report on Tuesday, September 17th. Wedbush lifted their price objective on Burlington Stores from $162.00 to $200.00 and gave the company a neutral rating in a report on Tuesday, September 3rd. Goldman Sachs Group set a $197.00 price objective on Burlington Stores and gave the company a hold rating in a report on Friday, August 30th. They noted that the move was a valuation call. Credit Suisse Group lifted their price objective on Burlington Stores from $235.00 to $245.00 and gave the company an outperform rating in a report on Friday, October 18th. Finally, Loop Capital lifted their price objective on Burlington Stores from $200.00 to $215.00 and gave the company a buy rating in a report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $209.00.
BURL traded down $1.81 during midday trading on Thursday, reaching $202.75. 737,855 shares of the company were exchanged, compared to its average volume of 1,035,523. The company has a debt-to-equity ratio of 9.99, a quick ratio of 0.28 and a current ratio of 0.90. Burlington Stores has a one year low of $136.30 and a one year high of $209.36. The stock has a market capitalization of $13.59 billion, a P/E ratio of 31.48, a PEG ratio of 1.73 and a beta of 0.22. The stock’s 50-day simple moving average is $197.86 and its 200 day simple moving average is $180.14.
Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.21. Burlington Stores had a return on equity of 163.50% and a net margin of 6.11%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business earned $1.09 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. On average, research analysts anticipate that Burlington Stores will post 7.22 earnings per share for the current year.
In related news, Director William P. Mcnamara sold 828 shares of Burlington Stores stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $205.54, for a total value of $170,187.12. Following the sale, the director now owns 7,821 shares of the company’s stock, valued at approximately $1,607,528.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John Crimmins sold 14,253 shares of Burlington Stores stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $201.65, for a total value of $2,874,117.45. Following the completion of the sale, the vice president now directly owns 23,712 shares in the company, valued at approximately $4,781,524.80. The disclosure for this sale can be found here. Insiders have sold a total of 102,676 shares of company stock worth $20,135,128 in the last quarter. 1.86% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Carillon Tower Advisers Inc. raised its position in Burlington Stores by 0.9% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 577,172 shares of the company’s stock valued at $98,205,000 after buying an additional 5,326 shares during the last quarter. Northern Trust Corp raised its position in Burlington Stores by 1.0% in the 2nd quarter. Northern Trust Corp now owns 414,586 shares of the company’s stock valued at $70,542,000 after buying an additional 3,976 shares during the last quarter. Primecap Management Co. CA raised its position in Burlington Stores by 10.8% in the 2nd quarter. Primecap Management Co. CA now owns 36,900 shares of the company’s stock valued at $6,279,000 after buying an additional 3,600 shares during the last quarter. UBS Group AG raised its position in Burlington Stores by 143.1% in the 2nd quarter. UBS Group AG now owns 58,513 shares of the company’s stock valued at $9,956,000 after buying an additional 34,443 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in Burlington Stores in the 2nd quarter valued at approximately $3,641,000.
Burlington Stores Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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