Burlington Stores Inc (NYSE:BURL) – Equities research analysts at DA Davidson boosted their FY2020 earnings per share (EPS) estimates for Burlington Stores in a research note issued on Friday, November 29th. DA Davidson analyst J. Morris now expects that the company will earn $7.34 per share for the year, up from their previous estimate of $7.23. DA Davidson has a “Buy” rating and a $260.00 price target on the stock. DA Davidson also issued estimates for Burlington Stores’ FY2021 earnings at $8.20 EPS.
Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Burlington Stores from $237.00 to $242.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Barclays lifted their price objective on shares of Burlington Stores from $239.00 to $251.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Royal Bank of Canada initiated coverage on shares of Burlington Stores in a report on Monday, November 11th. They issued an “outperform” rating and a $230.00 target price on the stock. Nomura upped their target price on shares of Burlington Stores from $220.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, UBS Group raised shares of Burlington Stores from a “sell” rating to a “neutral” rating and raised their target price for the company from $121.00 to $200.00 in a research note on Tuesday, September 17th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $230.17.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.14. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. Burlington Stores had a return on equity of 145.12% and a net margin of 6.26%. Burlington Stores’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 EPS.
Several large investors have recently bought and sold shares of BURL. Squar Milner Financial Services LLC increased its position in shares of Burlington Stores by 274.4% during the 3rd quarter. Squar Milner Financial Services LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 107 shares during the last quarter. KCS Wealth Advisory purchased a new stake in Burlington Stores during the 3rd quarter valued at $40,000. Steward Partners Investment Advisory LLC purchased a new stake in Burlington Stores during the 2nd quarter valued at $41,000. Massmutual Trust Co. FSB ADV raised its holdings in Burlington Stores by 187.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 250 shares of the company’s stock valued at $43,000 after buying an additional 163 shares during the period. Finally, Parallel Advisors LLC lifted its position in Burlington Stores by 85.9% in the third quarter. Parallel Advisors LLC now owns 316 shares of the company’s stock worth $63,000 after buying an additional 146 shares during the last quarter.
In related news, CMO Jennifer Vecchio sold 17,016 shares of Burlington Stores stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $226.00, for a total value of $3,845,616.00. Following the completion of the transaction, the chief marketing officer now owns 40,060 shares in the company, valued at $9,053,560. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Fred Hand sold 21,383 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $225.92, for a total value of $4,830,847.36. Following the sale, the insider now directly owns 70,786 shares in the company, valued at $15,991,973.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,702 shares of company stock valued at $13,518,452. 1.86% of the stock is currently owned by insiders.
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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