In yesterday’s Wall Street session, Burlington Stores Inc. (NYSE:BURL) shares traded at $204.90, up 2.28% from the previous session.
21 analysts cover Burlington Stores Inc. (NYSE:BURL), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $240.00 and a low of $105.00, we find $219.00. Given the previous closing price of $200.34, this indicates a potential upside of 9.31 percent. BURL stock price is now 25.27% away from the 50-day moving average and 25.49% away from the 200-day moving average. The market capitalization of the company currently stands at $12.87B.
The stock has received a hold rating from 3 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $208.44 as their price target over the next twelve months.
On August 02, 2022, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $183, while ‘Cowen’ rates the stock as ‘Market Perform’.
In other news, LAUB JEFFREY, SVP, Finance and CAO sold 2,917 shares of the company’s stock on Nov 28. The stock was sold for $570,648 at an average price of $195.63. Upon completion of the transaction, the SVP, Finance and CAO now directly owns 3,165 shares in the company, valued at $0.65 million. Insiders disposed of 49,588 shares of company stock worth roughly $10.16 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BURL stock. A new stake in Burlington Stores Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $1,319,379,000. COOPER CREEK PARTNERS MANAGEMENT LLC invested $48,231,000 in shares of BURL during the first quarter. In the first quarter, DSM CAPITAL PARTNERS LLC acquired a new stake in Burlington Stores Inc. valued at approximately $40,163,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in BURL for approximately $37,818,000. HOLOCENE ADVISORS, LP purchased a new stake in BURL valued at around $29,570,000 in the second quarter.
On Tuesday morning Burlington Stores Inc. (NYSE: BURL) stock kicked off with the opening price of $200.50. During the past 12 months, Burlington Stores Inc. has had a low of $106.47 and a high of $295.30. As of last week, the company has a debt-to-equity ratio of 2.31, a current ratio of 1.10, and a quick ratio of 0.30. The fifty day moving average price for BURL is $163.57 and a two-hundred day moving average price translates $163.28 for the stock.
The latest earnings results from Burlington Stores Inc. (NYSE: BURL) was released for Jul, 2022. According to the Apparel Retail Company, earnings per share came in at $0.35, beating analysts’ expectations of $0.23 by 0.12. This compares to $0.20 EPS in the same period last year. The net profit margin was 1.90% and return on equity was 24.20% for BURL. The company reported revenue of $2.04 billion for the quarter, compared to $2.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.43 percent. For the current quarter, analysts expect BURL to generate $2.06B in revenue.
Burlington Stores Inc.(BURL) Company Profile
Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company provides fashion-focused merchandise, including women’s ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products. As of January 29, 2022, it operated 837 stores under the Burlington Stores name, 2 stores under the Cohoes Fashions name, and 1 store under the MJM Designer Shoes name in 45 states and Puerto Rico. Burlington Stores, Inc. was founded in 1972 and is headquartered in Burlington, New Jersey.