BidaskClub Lowers Burlington Stores, Inc. (BURL) to Hold

BidaskClub downgraded shares of Burlington Stores, Inc. (NYSE:BURL) from a buy rating to a hold rating in a research report report published on Monday, July 24th.

Several other analysts have also recently commented on the company. Wolfe Research started coverage on Burlington Stores in a report on Friday, April 28th. They issued an outperform rating and a $113.00 price target for the company. Vetr cut Burlington Stores from a strong-buy rating to a buy rating and set a $105.25 price target for the company. in a report on Thursday, April 20th. William Blair restated an outperform rating on shares of Burlington Stores in a report on Wednesday, April 5th. BMO Capital Markets restated a buy rating on shares of Burlington Stores in a report on Tuesday, April 18th. Finally, Bank of America Corporation lifted their price target on Burlington Stores from $110.00 to $114.00 and gave the company a buy rating in a report on Tuesday, May 30th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $104.28.

Burlington Stores (NYSE:BURL) opened at 84.79 on Monday. The firm’s 50-day moving average is $86.91 and its 200 day moving average is $92.11. Burlington Stores has a 52 week low of $68.94 and a 52 week high of $104.07. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 26.31 and a beta of 0.51.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 25th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Burlington Stores had a net margin of 4.08% and a negative return on equity of 294.39%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS. On average, equities research analysts expect that Burlington Stores will post $3.97 EPS for the current year.

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In related news, insider Joyce Manning Magrini sold 3,335 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $88.12, for a total transaction of $293,880.20. Following the transaction, the insider now directly owns 53,949 shares of the company’s stock, valued at approximately $4,753,985.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $84.03, for a total value of $1,680,600.00. Following the transaction, the chief executive officer now directly owns 518,008 shares in the company, valued at $43,528,212.24. The disclosure for this sale can be found here. Insiders have sold a total of 69,168 shares of company stock worth $6,272,491 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Sanders Morris Harris Inc. bought a new position in Burlington Stores during the first quarter valued at approximately $486,000. Columbus Circle Investors raised its position in shares of Burlington Stores by 0.5% in the first quarter. Columbus Circle Investors now owns 740,893 shares of the company’s stock worth $72,081,000 after buying an additional 4,024 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Burlington Stores by 54.6% in the first quarter. Nisa Investment Advisors LLC now owns 3,710 shares of the company’s stock worth $361,000 after buying an additional 1,310 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Burlington Stores during the first quarter worth about $1,436,000. Finally, Raymond James Trust N.A. raised its position in shares of Burlington Stores by 3.9% in the first quarter. Raymond James Trust N.A. now owns 3,768 shares of the company’s stock worth $367,000 after buying an additional 142 shares during the last quarter.

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.

Analyst Recommendations for Burlington Stores (NYSE:BURL)

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