Burlington Stores (BURL) Shares Down 11.9%


Burlington Stores Inc (NYSE:BURL)’s share price traded down 11.9% on Thursday . The company traded as low as $139.75 and last traded at $147.28. 10,068,635 shares traded hands during mid-day trading, an increase of 1,008% from the average session volume of 909,003 shares. The stock had previously closed at $167.18.

A number of equities analysts have recently weighed in on the company. Citigroup cut their price target on Burlington Stores from $175.00 to $158.00 and set a “neutral” rating for the company in a report on Friday. Wedbush cut their price target on Burlington Stores from $160.00 to $155.00 and set a “neutral” rating for the company in a report on Friday. Credit Suisse Group cut their price target on Burlington Stores from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday. Telsey Advisory Group cut Burlington Stores from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $190.00 to $165.00 in a report on Friday. Finally, Cowen set a $165.00 price target on Burlington Stores and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $174.89.


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The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.24. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.12 and a beta of 0.19.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 7th. The company reported $2.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.77 by $0.06. Burlington Stores had a return on equity of 293.30% and a net margin of 7.12%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the business earned $3.59 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Burlington Stores Inc will post 6.38 earnings per share for the current fiscal year.


In related news, insider Fred Hand sold 4,075 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $175.19, for a total value of $713,899.25. Following the completion of the transaction, the insider now owns 56,912 shares of the company’s stock, valued at $9,970,413.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $157.09, for a total value of $3,141,800.00. Following the completion of the transaction, the chief executive officer now directly owns 317,473 shares of the company’s stock, valued at approximately $49,871,833.57. The disclosure for this sale can be found here. Insiders sold 87,246 shares of company stock valued at $14,360,422 in the last three months. 1.91% of the stock is currently owned by company insiders.


A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp boosted its holdings in Burlington Stores by 2.9% in the fourth quarter. Mackenzie Financial Corp now owns 2,939 shares of the company’s stock valued at $478,000 after purchasing an additional 82 shares during the last quarter. Heritage Investors Management Corp raised its stake in Burlington Stores by 0.3% during the fourth quarter. Heritage Investors Management Corp now owns 36,443 shares of the company’s stock valued at $5,928,000 after buying an additional 92 shares in the last quarter. Captrust Financial Advisors raised its stake in Burlington Stores by 4.4% during the fourth quarter. Captrust Financial Advisors now owns 2,312 shares of the company’s stock valued at $376,000 after buying an additional 97 shares in the last quarter. Creative Planning raised its stake in Burlington Stores by 3.0% during the fourth quarter. Creative Planning now owns 3,708 shares of the company’s stock valued at $603,000 after buying an additional 109 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in Burlington Stores by 7.3% during the fourth quarter. Brookstone Capital Management now owns 1,833 shares of the company’s stock valued at $298,000 after buying an additional 124 shares in the last quarter.


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Burlington Stores Company Profile (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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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