Published On: Thu, Sep 8th, 2016

Recent Research Analysts’ Ratings Changes for Burlington Stores (BURL)

Burlington Stores (NYSE: BURL) has recently received a number of price target changes and ratings updates:

8/26/2016 – Burlington Stores was upgraded by analysts at MKM Partners from a “neutral” rating to a “buy” rating. They now have a $94.00 price target on the stock, up previously from $73.00. They wrote, “Lean And Mean”
8/26/2016 – Burlington Stores had its price target raised by analysts at Telsey Advisory Group from $84.00 to $86.00. They now have a “market perform” rating on the stock.
8/26/2016 – Burlington Stores had its price target raised by analysts at Royal Bank Of Canada from $82.00 to $86.00. They now have an “outperform” rating on the stock.
8/26/2016 – Burlington Stores had its price target raised by analysts at Citigroup from $75.00 to $87.00. They now have a “neutral” rating on the stock.
8/26/2016 – Burlington Stores had its price target raised by analysts at BMO Capital Markets from $69.00 to $96.00. They now have an “outperform” rating on the stock.
8/26/2016 – Burlington Stores had its price target raised by analysts at Cowen and Company from $79.00 to $90.00. They now have an “outperform” rating on the stock.
8/26/2016 – Burlington Stores had its price target raised by analysts at Buckingham Research from $82.00 to $95.00. They now have a “buy” rating on the stock.
8/26/2016 – Burlington Stores had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $82.00 price target on the stock. They wrote, “We note 2Q’s +5.4% comp marked the widest spread vs. the average ROST/Marmaxx comp over the last 4 quarters (+1.4%). What’s more, adj. EBITDA dollars grew $24M (+31% y/y) on a $99M sales increase (+10% y/y), implying an impressive ~21.5% incremental margin (~18% excluding select one-time benefits, yet still above all 2015 periods).””
8/26/2016 – Burlington Stores had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co.. They now have a $89.00 price target on the stock.
8/26/2016 – Burlington Stores had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $86.00 price target on the stock, up previously from $82.00.
8/1/2016 – Burlington Stores had its “buy” rating reaffirmed by analysts at Goldman Sachs Group. They now have a $84.00 price target on the stock.
7/25/2016 – Burlington Stores had its price target raised by analysts at MKM Partners from $59.00 to $73.00. They now have a “neutral” rating on the stock.
7/22/2016 – Burlington Stores had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $82.00 price target on the stock, up previously from $66.00.
7/21/2016 – Burlington Stores had its price target raised by analysts at Royal Bank Of Canada from $66.00 to $82.00. They now have an “outperform” rating on the stock.
7/20/2016 – Burlington Stores had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $69.00 price target on the stock.
7/20/2016 – Burlington Stores had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $74.00 price target on the stock, up previously from $63.00.
7/19/2016 – Burlington Stores had its price target raised by analysts at Telsey Advisory Group from $70.00 to $84.00. They now have an “outperform” rating on the stock.

Burlington Stores Inc. (NYSE:BURL) opened at 83.83 on Thursday. The stock’s 50 day moving average is $77.75 and its 200-day moving average is $63.59. The company has a market capitalization of $6.03 billion and a P/E ratio of 35.87. Burlington Stores Inc. has a 52-week low of $39.40 and a 52-week high of $84.80.
Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 25th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.09. During the same period in the previous year, the firm posted $0.19 EPS. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts predict that Burlington Stores Inc. will post $2.98 EPS for the current fiscal year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/08/recent-research-analysts-ratings-changes-for-burlington-stores-burl.html

In other news, EVP Fred Hand sold 12,000 shares of Burlington Stores stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $81.10, for a total transaction of $973,200.00. Following the sale, the executive vice president now owns 75,665 shares of the company’s stock, valued at approximately $6,136,431.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $67.07, for a total transaction of $1,341,400.00. Following the sale, the chief executive officer now directly owns 644,701 shares in the company, valued at approximately $43,240,096.07. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.

Receive News & Ratings for Burlington Stores Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Burlington Stores Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>