The price of Burlington Stores Inc (NYSE:BURL) shares last traded on Wall Street rose 4.05% to $171.75.
Based on available information, 22 analysts follow Burlington Stores Inc (NYSE:BURL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $245.00 and a low of $120.00, we find $195.00. Given the previous closing price of $165.06, this indicates a potential upside of 18.14 percent. BURL stock price is now 32.20% away from the 50-day moving average and 2.29% away from the 200-day moving average. The market capitalization of the company currently stands at $11.14B.
Among analysts, 4 rate the stock a hold while 14 rate it a buy. Brokers who have rated the stock have averaged $191.20 as their price target over the next twelve months.
With the price target of $150, Evercore ISI recently initiated with Outperform 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 $1.4 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 $9.48 million. Insiders disposed of 65,889 shares of company stock worth roughly $11.32 million over the past 1 year. A total of 0.43% of the company’s stock is owned by insiders.
A candlestick chart of Burlington Stores Inc (NYSE: BURL) showed a price of $166.37 on Wednesday morning. During the past 12 months, Burlington Stores Inc has had a low of $115.66 and a high of $239.94. As of last week, the company has a debt-to-equity ratio of 5.65, a current ratio of 1.13, and a quick ratio of 0.45. According to the stock market information, the enterprise value for the company is $15.15B, which is based on a 37.68 price-to-earnings ratio, a 1.30 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for BURL is $129.91 and a two-hundred day moving average price translates $167.90 for the stock.
The latest earnings results from Burlington Stores Inc (NYSE: BURL) was released for Oct, 2023. The net profit margin was 3.18% and return on equity was 39.94% for BURL. The company reported revenue of $2.29 billion for the quarter, compared to $2.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.19 percent.
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.
