Burlington (NYSE:BURL) shares reached a new 52-week high and low on Tuesday . The stock traded as low as $139.59 and last traded at $139.14, with a volume of 354372 shares. The stock had previously closed at $138.00.
BURL has been the topic of several recent analyst reports. Wells Fargo set a $143.00 price objective on shares of Burlington and gave the stock a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Burlington from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Wednesday, January 24th. Credit Suisse Group initiated coverage on shares of Burlington in a research note on Monday, March 12th. They set an “outperform” rating and a $146.00 price objective on the stock. ValuEngine raised shares of Burlington from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, SunTrust Banks set a $145.00 price objective on shares of Burlington and gave the stock a “buy” rating in a research note on Thursday, March 8th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $130.19.
The company has a current ratio of 0.98, a quick ratio of 0.31 and a debt-to-equity ratio of 12.84. The firm has a market capitalization of $9,281.71, a P/E ratio of 31.58, a P/E/G ratio of 1.27 and a beta of 0.42.
Burlington (NYSE:BURL) last announced its earnings results on Thursday, March 8th. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.09 by $0.08. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.89 billion. Burlington had a net margin of 6.31% and a negative return on equity of 754.89%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. equities research analysts forecast that Burlington will post 5.76 EPS for the current year.
In other news, CEO Thomas Kingsbury sold 20,000 shares of Burlington stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $117.91, for a total value of $2,358,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of Burlington stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $122.16, for a total transaction of $293,184.00. Following the completion of the sale, the insider now owns 38,214 shares in the company, valued at $4,668,222.24. The disclosure for this sale can be found here. Insiders have sold a total of 67,400 shares of company stock worth $8,558,509 over the last 90 days. Corporate insiders own 1.91% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Focused Wealth Management Inc acquired a new stake in shares of Burlington in the fourth quarter valued at approximately $101,000. YorkBridge Wealth Partners LLC acquired a new stake in shares of Burlington in the fourth quarter valued at approximately $106,000. Captrust Financial Advisors acquired a new stake in shares of Burlington in the fourth quarter valued at approximately $110,000. American International Group Inc. acquired a new stake in shares of Burlington in the fourth quarter valued at approximately $191,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Burlington in the fourth quarter valued at approximately $225,000.
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Burlington Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including ladies sportswear, menswear, youth apparel, baby furniture, footwear, accessories, home décor and gifts, and coats. It operates 629 stores, including an Internet store in 45 states and Puerto Rico.
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