Burlington Stores (NYSE:BURL) Research Coverage Started at Nomura

Nomura assumed coverage on shares of Burlington Stores (NYSE:BURL) in a report issued on Thursday, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued a buy rating and a $220.00 target price on the stock.

A number of other equities analysts have also weighed in on the company. Wedbush boosted their target price on Burlington Stores from $162.00 to $200.00 and gave the stock a neutral rating in a research report on Tuesday, September 3rd. Credit Suisse Group boosted their target price on Burlington Stores from $235.00 to $245.00 and gave the stock an outperform rating in a research report on Friday, October 18th. Morgan Stanley boosted their target price on Burlington Stores from $168.00 to $225.00 and gave the stock an overweight rating in a research report on Friday, August 30th. UBS Group raised Burlington Stores from a sell rating to a neutral rating and boosted their target price for the stock from $121.00 to $200.00 in a research report on Tuesday, September 17th. Finally, Robert W. Baird set a $215.00 price target on shares of Burlington Stores and gave the company a buy rating in a research report on Tuesday, September 17th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $209.00.

NYSE:BURL traded down $1.81 during mid-day trading on Thursday, reaching $202.75. The company’s stock had a trading volume of 737,855 shares, compared to its average volume of 1,035,523. Burlington Stores has a 12-month low of $136.30 and a 12-month high of $209.36. The firm’s fifty day moving average price is $197.86 and its two-hundred day moving average price is $180.14. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 9.99. The stock has a market cap of $13.59 billion, a P/E ratio of 31.48, a PEG ratio of 1.73 and a beta of 0.22.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.21. Burlington Stores had a return on equity of 163.50% and a net margin of 6.11%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. Burlington Stores’s revenue was up 10.1% on a year-over-year basis. Analysts predict that Burlington Stores will post 7.22 earnings per share for the current fiscal year.

In other Burlington Stores news, Director William P. Mcnamara sold 828 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $205.54, for a total value of $170,187.12. Following the completion of the transaction, the director now directly owns 7,821 shares in the company, valued at approximately $1,607,528.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Kingsbury sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $201.67, for a total value of $10,083,500.00. Following the completion of the transaction, the chief executive officer now owns 220,793 shares of the company’s stock, valued at $44,527,324.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,676 shares of company stock valued at $20,135,128. 1.86% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Trillium Asset Management LLC raised its holdings in Burlington Stores by 0.5% during the 3rd quarter. Trillium Asset Management LLC now owns 10,721 shares of the company’s stock valued at $2,142,000 after buying an additional 55 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in Burlington Stores by 0.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 10,692 shares of the company’s stock valued at $1,819,000 after buying an additional 61 shares during the period. Shaker Investments LLC OH raised its holdings in Burlington Stores by 0.7% during the 2nd quarter. Shaker Investments LLC OH now owns 9,905 shares of the company’s stock valued at $1,685,000 after buying an additional 70 shares during the period. NEXT Financial Group Inc increased its stake in Burlington Stores by 5.5% in the second quarter. NEXT Financial Group Inc now owns 1,403 shares of the company’s stock worth $239,000 after purchasing an additional 73 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Burlington Stores by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 3,585 shares of the company’s stock worth $610,000 after purchasing an additional 85 shares during the period.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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