Burlington Stores (BURL) Shares Gap Up to $156.03

Burlington Stores Inc (NYSE:BURL)’s share price gapped up prior to trading on Friday . The stock had previously closed at $152.06, but opened at $156.03. Burlington Stores shares last traded at $155.80, with a volume of 25881 shares trading hands.

Several equities analysts recently weighed in on the company. Wells Fargo & Co lifted their price target on Burlington Stores from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Guggenheim restated a “hold” rating on shares of Burlington Stores in a research note on Wednesday, April 24th. Loop Capital lifted their price target on Burlington Stores to $200.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Robert W. Baird assumed coverage on Burlington Stores in a research note on Tuesday, May 14th. They issued an “outperform” rating and a $200.00 price target for the company. Finally, Wedbush lifted their price target on Burlington Stores from $155.00 to $162.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $179.79.

The company has a quick ratio of 0.25, a current ratio of 1.02 and a debt-to-equity ratio of 3.05. The company has a market capitalization of $9.70 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.23 and a beta of 0.16.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. Burlington Stores had a return on equity of 226.76% and a net margin of 6.22%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the business earned $1.26 EPS. Burlington Stores’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts expect that Burlington Stores Inc will post 7 EPS for the current year.

In other news, EVP Joyce Manning Magrini sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $158.54, for a total value of $3,487,880.00. Following the completion of the sale, the executive vice president now directly owns 29,610 shares in the company, valued at $4,694,369.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fred Hand sold 6,486 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $140.00, for a total value of $908,040.00. Following the completion of the sale, the insider now owns 61,282 shares of the company’s stock, valued at $8,579,480. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,215 shares of company stock valued at $16,597,535. 1.86% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of BURL. BlackRock Inc. lifted its holdings in Burlington Stores by 31.6% in the fourth quarter. BlackRock Inc. now owns 3,907,084 shares of the company’s stock valued at $635,564,000 after acquiring an additional 937,224 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Burlington Stores by 244.6% in the first quarter. Wellington Management Group LLP now owns 1,015,602 shares of the company’s stock valued at $159,126,000 after acquiring an additional 720,897 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Burlington Stores by 52.3% in the first quarter. Voya Investment Management LLC now owns 2,034,371 shares of the company’s stock valued at $318,746,000 after acquiring an additional 698,669 shares during the last quarter. Norges Bank acquired a new position in Burlington Stores in the fourth quarter valued at approximately $107,024,000. Finally, William Blair Investment Management LLC lifted its holdings in Burlington Stores by 47.2% in the first quarter. William Blair Investment Management LLC now owns 1,698,826 shares of the company’s stock valued at $266,172,000 after acquiring an additional 545,036 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “Burlington Stores (BURL) Shares Gap Up to $156.03” was first reported by Rockland Register and is the property of of Rockland Register. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://rocklandregister.com/2019/05/31/burlington-stores-burl-shares-gap-up-to-156-03.html.

About Burlington Stores (NYSE:BURL)

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.

See Also: How do taxes affect a CDs total return?

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