Burlington Stores (NYSE:BURL) Coverage Initiated at Nomura

Research analysts at Nomura assumed coverage on shares of Burlington Stores (NYSE:BURL) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $220.00 price target on the stock. Nomura’s price target suggests a potential upside of 8.51% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Loop Capital raised their price objective on Burlington Stores from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, August 29th. ValuEngine downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Robert W. Baird set a $215.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a research note on Tuesday, September 17th. Wells Fargo & Co reiterated a “buy” rating on shares of Burlington Stores in a research note on Thursday, August 29th. Finally, Wedbush raised their target price 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. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Burlington Stores currently has an average rating of “Buy” and an average price target of $209.00.

BURL stock traded down $1.81 during trading hours on Thursday, reaching $202.75. 737,855 shares of the stock were exchanged, compared to its average volume of 1,035,523. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 1.73 and a beta of 0.22. The firm’s 50-day moving average is $197.86 and its 200-day moving average is $180.14. 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 has a 12 month low of $136.30 and a 12 month high of $209.36.

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

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

A number of large investors have recently made changes to their positions in the stock. Trillium Asset Management LLC grew its stake in shares of Burlington Stores by 0.5% during the third 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. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Burlington Stores by 0.6% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 10,692 shares of the company’s stock worth $1,819,000 after purchasing an additional 61 shares during the period. Shaker Investments LLC OH lifted its holdings in shares of Burlington Stores by 0.7% during the second quarter. Shaker Investments LLC OH now owns 9,905 shares of the company’s stock worth $1,685,000 after purchasing an additional 70 shares during the period. NEXT Financial Group Inc lifted its holdings in shares of Burlington Stores by 5.5% during 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 lifted its holdings in shares of Burlington Stores by 2.4% during 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.

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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