The stock of Burlington Stores Inc (NYSE:BURL) is a huge mover today! About 779,280 shares traded hands. Burlington Stores Inc (NYSE:BURL) has risen 30.65% since April 14, 2016 and is uptrending. It has outperformed by 25.97% the S&P500.
The move comes after 7 months positive chart setup for the $5.44 billion company. It was reported on Nov, 16 by Barchart.com. We have $109.07 PT which if reached, will make NYSE:BURL worth $2.28 billion more.
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 firm has “Market Perform” rating by Telsey Advisory Group given on Friday, August 26. The stock of Burlington Stores Inc (NYSE:BURL) earned “Outperform” rating by Cowen & Co on Friday, August 26. The stock of Burlington Stores Inc (NYSE:BURL) has “Outperform” rating given on Friday, August 26 by RBC Capital Markets. Citigroup maintained Burlington Stores Inc (NYSE:BURL) rating on Friday, August 26. Citigroup has “Neutral” rating and $87 price target. The stock of Burlington Stores Inc (NYSE:BURL) has “Buy” rating given on Thursday, January 21 by Goldman Sachs. Guggenheim initiated the stock with “Neutral” rating in Friday, September 30 report. The stock has “Outperform” rating given by BMO Capital Markets on Friday, August 26. The rating was maintained by RBC Capital Markets on Thursday, July 21 with “Outperform”. The firm earned “Buy” rating on Friday, May 27 by Goldman Sachs. M Partners upgraded the shares of BURL in a report on Friday, August 26 to “Buy” rating.
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 dived, 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.
The New York-based Teachers Advisors Incorporated has invested 0.01% in Burlington Stores Inc (NYSE:BURL). Moore Cap Management Ltd Partnership has invested 0.13% of its portfolio in Burlington Stores Inc (NYSE:BURL). Cupps Capital Mgmt Ltd Company accumulated 2.31% or 134,192 shares. Mutual Of America Capital Mgmt Limited Liability Company last reported 0% of its portfolio in the stock. Columbus Circle Invsts reported 687,794 shares or 0.46% of all its holdings. Cornerstone Cap Ltd Liability reported 29,272 shares or 0.02% of all its holdings. Rs Inv Management Ltd Liability has invested 0.63% of its portfolio in Burlington Stores Inc (NYSE:BURL). Eaton Vance Mgmt has 166,499 shares for 0.03% of their US portfolio. Adams Diversified Equity Fund accumulated 0.04% or 8,000 shares. Moreover, Canada Pension Plan Investment Board has 0% invested in Burlington Stores Inc (NYSE:BURL) for 5,700 shares. Massachusetts Svcs Com Ma accumulated 0% or 90,000 shares. The New York-based Buckingham Cap Mgmt has invested 3.03% in Burlington Stores Inc (NYSE:BURL). Moreover, Fred Alger Incorporated has 0.07% invested in Burlington Stores Inc (NYSE:BURL) for 197,132 shares. Diam holds 0% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 2,724 shares. Aperio Gru Limited Com holds 5,561 shares or 0% of its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 22 insider sales for $20.33 million net activity. $1.34M worth of Burlington Stores Inc (NYSE:BURL) shares were sold by Kingsbury Thomas. On Friday, November 11 Metheny Mike sold $288,367 worth of the stock or 4,000 shares. Shares for $762,711 were sold by Seeger Eric on Tuesday, May 31. $470,686 worth of Burlington Stores Inc (NYSE:BURL) was sold by MAGRINI JOYCE MANNING. Another trade for 22,000 shares valued at $1.40 million was made by Hand Fred on Wednesday, June 8. Shares for $810,000 were sold by Katz Marc on Monday, August 29.
More recent Burlington Stores Inc (NYSE:BURL) news were published by: Businesswire.com which released: “Burlington Stores, Inc. Appoints Off-Price Retail Veteran Ted English to Board …” on November 16, 2016. Also Businesswire.com published the news titled: “Burlington Stores, Inc. Announces Third Quarter 2016 Earnings Release Date and …” on November 15, 2016. Businesswire.com‘s news article titled: “Burlington Stores Comments on Short Report” with publication date: November 07, 2016 was also an interesting one.
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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