Burlington Stores (NYSE:BURL) Earns Buy Rating from Analysts at Nomura

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Stock analysts at Nomura initiated coverage on shares of Burlington Stores (NYSE:BURL) in a research report issued on Thursday, Marketbeat Ratings reports. The firm set a “buy” rating and a $220.00 price target on the stock. Nomura’s price target points to a potential upside of 8.51% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Burlington Stores from $237.00 to $242.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. ValuEngine cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. DA Davidson upped their price target on shares of Burlington Stores from $193.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Wedbush upped their price target on shares of Burlington Stores from $162.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Co restated a “buy” rating on shares of Burlington Stores in a research note on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Burlington Stores has an average rating of “Buy” and a consensus target price of $209.00.

Shares of Burlington Stores stock traded down $1.81 on Thursday, reaching $202.75. 737,855 shares of the company traded hands, compared to its average volume of 1,035,523. Burlington Stores has a 52 week low of $136.30 and a 52 week high of $209.36. The company has a 50 day moving average of $197.86 and a 200 day moving average of $180.14. The firm has a market capitalization of $13.59 billion, a PE ratio of 31.48, a PEG ratio of 1.73 and a beta of 0.22. The company has a debt-to-equity ratio of 9.99, a current ratio of 0.90 and a quick ratio of 0.28.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 29th. The company reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.21. Burlington Stores had a net margin of 6.11% and a return on equity of 163.50%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm earned $1.09 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. As a group, analysts anticipate that Burlington Stores will post 7.22 earnings per share for the current year.

In other Burlington Stores news, insider Fred Hand sold 6,486 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $168.23, for a total value of $1,091,139.78. Following the sale, the insider now directly owns 62,558 shares in the company, valued at approximately $10,524,132.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $198.87, for a total transaction of $2,983,050.00. Following the completion of the sale, the chief marketing officer now owns 59,637 shares in the company, valued at $11,860,010.19. The disclosure for this sale can be found here. Insiders sold a total of 102,676 shares of company stock worth $20,135,128 over the last quarter. Corporate insiders own 1.86% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BURL. Lisanti Capital Growth LLC bought a new position in shares of Burlington Stores in the 3rd quarter worth $2,183,000. Trillium Asset Management LLC increased its holdings in shares of Burlington Stores by 0.5% in the 3rd quarter. Trillium Asset Management LLC now owns 10,721 shares of the company’s stock worth $2,142,000 after buying an additional 55 shares during the last quarter. Insight Wealth Strategies LLC increased its holdings in shares of Burlington Stores by 11.2% in the 3rd quarter. Insight Wealth Strategies LLC now owns 11,820 shares of the company’s stock worth $2,362,000 after buying an additional 1,192 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in shares of Burlington Stores by 4.8% in the 3rd quarter. Great Lakes Advisors LLC now owns 101,208 shares of the company’s stock worth $20,223,000 after buying an additional 4,676 shares during the last quarter. Finally, BBVA USA Bancshares Inc. bought a new position in shares of Burlington Stores in the 3rd quarter worth $890,000.

Burlington Stores Company Profile

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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