Stocks of Burlington Stores Inc. (NYSE:BURL) traded higher last session on Wall Street, up 6.45% to $166.72.
According to the data, Burlington Stores Inc. (NYSE:BURL) has 21 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $250.00 and a low of $120.00, we find $213.00. Given the previous closing price of $156.62, this indicates a potential upside of 36.0 percent. BURL stock price is now 2.33% away from the 50-day moving average and -7.31% away from the 200-day moving average. The market capitalization of the company currently stands at $11.04B.
A total of 3 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $205.40 as their price target over the next twelve months.
With the price target of $155, Piper Sandler recently initiated with Neutral rating for Burlington Stores Inc. (NYSE: BURL).
In other news, MCNAMARA WILLIAM P, Director sold 500 shares of the company’s stock on Mar 21. The stock was sold for $106,130 at an average price of $212.26. Upon completion of the transaction, the Director now directly owns 8,154 shares in the company, valued at $1.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17, Group President and CMO Vecchio Jennifer sold 47,153 shares of the business’s stock. A total of $9,876,621 was realized by selling the stock at an average price of $209.46. This leaves the insider owning 55,173 shares of the company worth $9.2 million. Insiders disposed of 71,792 shares of company stock worth roughly $11.97 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 POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $88,427,000. RENAISSANCE TECHNOLOGIES LLC invested $87,978,000 in shares of BURL during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Burlington Stores Inc. valued at approximately $76,534,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in BURL for approximately $58,056,000. ANOMALY CAPITAL MANAGEMENT, LP purchased a new stake in BURL valued at around $46,891,000 in the second quarter. In total, there are 643 active investors with 106.12% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $157.93 for Burlington Stores Inc. (NYSE: BURL). During the past 12 months, Burlington Stores Inc. has had a low of $106.47 and a high of $239.94. As of last week, the company has a debt-to-equity ratio of 1.70, a current ratio of 1.20, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $14.89B, which is based on a 44.22 price-to-earnings ratio, a 1.41 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for BURL is $162.37 and a two-hundred day moving average price translates $180.07 for the stock.
The latest earnings results from Burlington Stores Inc. (NYSE: BURL) was released for Apr, 2023. According to the Apparel Retail Company, earnings per share came in at $0.84, missing analysts’ expectations of $0.92 by -0.08. This compares to $0.24 EPS in the same period last year. The net profit margin was 2.80% and return on equity was 34.40% for BURL. The company reported revenue of $2.14 billion for the quarter, compared to $1.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.74 percent. For the current quarter, analysts expect BURL to generate $2.16B 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. It operates stores under the Burlington Stores, and Cohoes Fashions brand names in Puerto Rico. Burlington Stores, Inc. was founded in 1972 and is headquartered in Burlington, New Jersey.
