Investment analysts at Credit Suisse Group began coverage on shares of Burlington Stores (NYSE:BURL) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm set an “outperform” rating and a $146.00 price target on the stock. Credit Suisse Group’s target price indicates a potential upside of 14.88% from the company’s current price.
Several other brokerages also recently weighed in on BURL. Cowen set a $132.00 target price on Burlington Stores and gave the company a “buy” rating in a research note on Monday, December 11th. TheStreet upgraded Burlington Stores from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Monday, November 27th. Wolfe Research restated an “outperform” rating and set a $146.00 target price (up from $139.00) on shares of Burlington Stores in a research note on Friday, March 9th. Finally, Morgan Stanley raised their target price on Burlington Stores from $107.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $129.43.
Burlington Stores (NYSE:BURL) opened at $127.09 on Monday. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22. Burlington Stores has a 52-week low of $79.07 and a 52-week high of $128.93. The company has a market capitalization of $8,500.00, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.22 and a beta of 0.48.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $117.91, for a total value of $2,358,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $122.16, for a total transaction of $293,184.00. Following the completion of the transaction, the insider now directly owns 38,214 shares in the company, valued at approximately $4,668,222.24. The disclosure for this sale can be found here. Insiders sold 44,800 shares of company stock worth $5,377,336 in the last three months. 2.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Focused Wealth Management Inc bought a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $101,000. YorkBridge Wealth Partners LLC bought a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $106,000. Captrust Financial Advisors bought a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $110,000. FNY Managed Accounts LLC bought a new stake in shares of Burlington Stores during the third quarter valued at approximately $114,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Burlington Stores during the third quarter valued at approximately $143,000.
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Burlington Stores Company Profile
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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