Bank of America Corp Lifted Burlington Stores Inc (BURL) Target Price to $114.00

Bank of America Corp Lifted Burlington Stores Inc (BURL) Target Price to $114.00

Burlington Stores Inc (NYSE:BURL) had its price objective hoisted by Bank of America Corp from $110.00 to $114.00 in a research report report published on Tuesday morning. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on BURL. BMO Capital Markets set a $96.00 target price on Burlington Stores and gave the stock a buy rating in a research report on Friday, May 26th. Cowen and Company set a $103.00 target price on Burlington Stores and gave the stock a buy rating in a research report on Saturday, April 8th. Wells Fargo & Co reissued a buy rating and set a $104.00 target price on shares of Burlington Stores in a research report on Thursday, March 2nd. Wedbush set a $107.00 target price on Burlington Stores and gave the stock a buy rating in a research report on Wednesday, February 8th. Finally, Royal Bank of Canada lifted their target price on Burlington Stores from $91.00 to $97.00 and gave the stock an outperform rating in a research report on Friday, March 3rd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $101.52.

Burlington Stores (NYSE BURL) opened at 98.80 on Tuesday. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 30.65 and a beta of 0.54. The stock has a 50 day moving average price of $97.32 and a 200-day moving average price of $90.31. Burlington Stores has a 12-month low of $60.62 and a 12-month high of $104.07.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, May 25th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts forecast that Burlington Stores will post $3.98 earnings per share for the current year.

In other news, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $93.00, for a total value of $1,860,000.00. Following the completion of the transaction, the chief executive officer now owns 571,871 shares in the company, valued at $53,184,003. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marc Katz sold 10,000 shares of Burlington Stores stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $96.80, for a total transaction of $968,000.00. Following the completion of the transaction, the chief financial officer now owns 123,555 shares of the company’s stock, valued at approximately $11,960,124. The disclosure for this sale can be found here. Insiders sold 67,627 shares of company stock valued at $6,420,685 in the last quarter. 2.21% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Driehaus Capital Management LLC boosted its position in Burlington Stores by 33.1% in the first quarter. Driehaus Capital Management LLC now owns 17,290 shares of the company’s stock worth $1,682,000 after buying an additional 4,298 shares during the period. Gareth Morgan Investments Limited Partnership purchased a new position in Burlington Stores during the first quarter worth about $1,384,000. Credit Suisse AG boosted its position in Burlington Stores by 56.4% in the first quarter. Credit Suisse AG now owns 106,329 shares of the company’s stock worth $10,346,000 after buying an additional 38,349 shares during the period. AQR Capital Management LLC boosted its position in Burlington Stores by 19.4% in the first quarter. AQR Capital Management LLC now owns 1,346,437 shares of the company’s stock worth $130,995,000 after buying an additional 219,088 shares during the period. Finally, Weiss Multi Strategy Advisers LLC purchased a new position in Burlington Stores during the first quarter worth about $7,964,000.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BURL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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