Stock Worth Watching: Burlington Stores Inc Stock Is Crashing Now

Stock Worth Watching: Burlington Stores Inc Stock Is Crashing Now

The stock of Burlington Stores Inc (NYSE:BURL) is a huge mover today! About 984,929 shares traded hands. Burlington Stores Inc (NYSE:BURL) has risen 53.48% since March 7, 2016 and is uptrending. It has outperformed by 45.89% the S&P500.
The move comes after 6 months negative chart setup for the $5.71B company. It was reported on Oct, 10 by Barchart.com. We have $74.76 PT which if reached, will make NYSE:BURL worth $285.50 million less.

Burlington Stores Inc (NYSE:BURL) Ratings Coverage

Out of 10 analysts covering Burlington Stores (NYSE:BURL), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Burlington Stores has been the topic of 19 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by M Partners to “Buy” on Friday, August 26. Telsey Advisory Group maintained Burlington Stores Inc (NYSE:BURL) rating on Friday, August 26. Telsey Advisory Group has “Market Perform” rating and $86 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 26 report. The rating was maintained by Cowen & Co with “Outperform” on Friday, August 26. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, May 27. As per Friday, August 26, the company rating was maintained by Citigroup. As per Friday, August 26, the company rating was maintained by Buckingham Research. The stock of Burlington Stores Inc (NYSE:BURL) has “Hold” rating given on Thursday, December 17 by BB&T Capital. BB&T Capital upgraded the shares of BURL in a report on Tuesday, January 19 to “Buy” rating. The rating was initiated by Guggenheim with “Neutral” on Friday, September 30.

According to Zacks Investment Research, “Burlington Stores, Inc. operates as an off-price apparel and home product retailer. It provides its customers with a selection of fashionable branded product in women’s ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home goods and coats. The Company operates within the United States and Puerto Rico. Burlington Stores, Inc. is headquartered in Burlington, New Jersey.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.16, from 1.1 in 2016Q1. The ratio dropped, as 37 funds sold all Burlington Stores Inc shares owned while 91 reduced positions. 50 funds bought stakes while 70 increased positions. They now own 71.05 million shares or 8.53% less from 77.67 million shares in 2016Q1.
1832 Asset Ltd Partnership last reported 0.04% of its portfolio in the stock. Deltec Asset Management Ltd Liability Com, a New York-based fund reported 4,000 shares. Diam Limited accumulated 2,724 shares or 0% of the stock. Alliancebernstein Limited Partnership accumulated 0% or 44,890 shares. Symphony Asset Mgmt Ltd Com has 10,182 shares for 0.08% of their US portfolio. Fincl Architects Inc, a New Jersey-based fund reported 74 shares. Northern accumulated 0.01% or 371,414 shares. Thrivent Financial For Lutherans has 0.07% invested in the company for 212,021 shares. Dorsey And Whitney Trust Limited accumulated 0.07% or 4,767 shares. The Oklahoma-based Bokf Na has invested 0.01% in Burlington Stores Inc (NYSE:BURL). Frontier Cap Mngmt Co Limited Liability Com last reported 0.08% of its portfolio in the stock. Voya Mngmt Limited Co has invested 0.46% of its portfolio in Burlington Stores Inc (NYSE:BURL). Raymond James Tru Na accumulated 0.02% or 3,045 shares. Waddell Reed Incorporated last reported 0.04% of its portfolio in the stock. Envestnet Asset Mngmt accumulated 38,267 shares or 0.01% of the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 18 sales for $17.76 million net activity. Kingsbury Thomas also sold $1.52 million worth of Burlington Stores Inc (NYSE:BURL) shares. The insider Hand Fred sold $973,141. Seeger Eric also sold $1.67 million worth of Burlington Stores Inc (NYSE:BURL) on Wednesday, October 5. Katz Marc sold $602,500 worth of stock. $329,275 worth of Burlington Stores Inc (NYSE:BURL) was sold by Metheny Mike. $1.32 million worth of Burlington Stores Inc (NYSE:BURL) was sold by MAGRINI JOYCE MANNING on Tuesday, May 31.

More news for Burlington Stores Inc (NYSE:BURL) were recently published by: Fool.com, which released: “Why Burlington Stores, Inc. Shares Jumped 11% Last Month” on July 08, 2016. Marketwatch.com‘s article titled: “Burlington Stores raises outlook on better sales” and published on July 18, 2016 is yet another important article.

BURL Company Profile

Burlington Stores, Inc., incorporated on February 13, 2013, is a retailer of branded apparel. The Firm 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. It sells a selection of merchandise acquired directly from manufacturers and other suppliers. The Company’s product categories include home, women, men, shoes, handbags and accessories, juniors, girls, boys, coats and toys.

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