Media headlines about Burlington Stores (NYSE:BURL) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Burlington Stores earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 96 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Burlington Stores : to host job fair several days next week for new Johnstown store (4-traders.com)
- Investors Swarm in on Burlington Stores, Inc. (NYSE:BURL) and DexCom, Inc. (NASDAQ:DXCM) Shares – FLBC News (flbcnews.com)
- Insider Trading at Atwood Oceanics Inc.? (nyhetsbanken.info)
- Burlington Stores, Inc. (NYSE:BURL) Trading Up – Insiders Selling, Short Interest Growing (highlightpress.com)
- Burlington Stores, Inc. (NYSE:BURL) CEO Sells $1,764,000.00 in Stock (americanbankingnews.com)
BURL has been the subject of several recent analyst reports. Vetr cut Burlington Stores from a “strong-buy” rating to a “buy” rating and set a $105.25 target price for the company. in a research note on Thursday, April 20th. BMO Capital Markets reissued a “buy” rating on shares of Burlington Stores in a research note on Tuesday, April 18th. Cowen and Company set a $103.00 target price on Burlington Stores and gave the stock a “buy” rating in a research note on Saturday, April 8th. Bank of America Corporation raised their target price on Burlington Stores from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. Finally, MKM Partners reissued a “buy” rating and set a $108.00 target price (up previously from $104.00) on shares of Burlington Stores in a research note on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $103.52.
Shares of Burlington Stores (NYSE BURL) opened at 88.69 on Friday. The stock has a 50 day moving average price of $95.81 and a 200-day moving average price of $91.81. The firm has a market capitalization of $6.13 billion, a PE ratio of 27.52 and a beta of 0.53. Burlington Stores has a 52 week low of $66.60 and a 52 week high of $104.07.
Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, May 25th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Burlington Stores had a negative return on equity of 294.39% and a net margin of 4.08%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. Equities analysts anticipate that Burlington Stores will post $3.97 earnings per share for the current year.
In related news, insider Joyce Manning Magrini sold 3,333 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $93.05, for a total value of $310,135.65. Following the transaction, the insider now directly owns 56,882 shares of the company’s stock, valued at approximately $5,292,870.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $88.20, for a total value of $1,764,000.00. Following the completion of the transaction, the chief executive officer now directly owns 538,308 shares in the company, valued at $47,478,765.60. The disclosure for this sale can be found here. Insiders sold a total of 45,833 shares of company stock worth $4,298,011 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.
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About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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