Exclusive: Will Burlington Stores Inc Go Down Anytime Soon?

Exclusive: Will Burlington Stores Inc Go Down Anytime Soon?

The stock of Burlington Stores Inc (NYSE:BURL) is a huge mover today! About 5.09 million shares traded hands or 255.94% up from the average. Burlington Stores Inc (NYSE:BURL) has risen 27.28% since April 20, 2016 and is uptrending. It has outperformed by 22.73% the S&P500.
The move comes after 9 months positive chart setup for the $5.81B company. It was reported on Nov, 22 by Barchart.com. We have $88.18 PT which if reached, will make NYSE:BURL worth $174.30 million 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 rating was initiated by BB&T Capital on Thursday, December 17 with “Hold”. The rating was maintained by Citigroup on Friday, May 27 with “Neutral”. Citigroup maintained the shares of BURL in a report on Friday, August 26 with “Neutral” rating. As per Thursday, July 21, the company rating was maintained by RBC Capital Markets. The stock has “Outperform” rating given by Telsey Advisory Group on Friday, May 27. The stock of Burlington Stores Inc (NYSE:BURL) has “Neutral” rating given on Friday, September 30 by Guggenheim. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 26 report. The company was maintained on Friday, May 27 by Buckingham Research. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, August 26. The firm earned “Buy” rating on Friday, August 26 by Buckingham Research.

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 0.89 in 2016 Q2. Its down 0.05, from 0.94 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.
Pub Employees Retirement Association Of Colorado accumulated 0.01% or 17,262 shares. Fincl Bank Of Montreal Can accumulated 167,523 shares or 0.01% of the stock. Shelton Capital has 30,000 shares for 0.18% of their US portfolio. The Illinois-based First Advsrs Ltd Partnership has invested 0.02% in Burlington Stores Inc (NYSE:BURL). Cap Mgmt Associate New York has 8,500 shares for 0.96% of their US portfolio. Blackrock has invested 0% of its portfolio in Burlington Stores Inc (NYSE:BURL). Geode Cap Limited Liability Com last reported 0.02% of its portfolio in the stock. Us Bank & Trust De last reported 4,780 shares in the company. Century Inc has 928,426 shares for 0.07% of their US portfolio. The Massachusetts-based Babson Capital Llc has invested 0.04% in Burlington Stores Inc (NYSE:BURL). Qs Investors Limited Com holds 0% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 10 shares. Invesco Limited last reported 0.03% of its portfolio in the stock. Cornerstone Cap Management Limited Liability Company reported 29,272 shares or 0.02% of all its holdings. Dorsey & Whitney Trust Comm Limited Liability Corporation reported 4,767 shares or 0.07% of all its holdings. Fred Alger Management Inc has invested 0.07% of its portfolio in Burlington Stores Inc (NYSE:BURL).

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 22 sales for $20.33 million net activity. On Wednesday, October 5 Seeger Eric sold $1.67M worth of the stock or 20,948 shares. 4,000 shares were sold by Metheny Mike, worth $268,310 on Tuesday, July 12. Kingsbury Thomas had sold 20,000 shares worth $1.49 million on Tuesday, November 1. MAGRINI JOYCE MANNING had sold 6,300 shares worth $470,686 on Tuesday, November 1. Shares for $1.40M were sold by Hand Fred. 10,000 shares with value of $602,500 were sold by Katz Marc on Tuesday, May 31.

More notable recent Burlington Stores Inc (NYSE:BURL) news were published by: Fool.com which released: “Why Burlington Stores Inc. Stock Jumped Today” on November 22, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Burlington Stores, Inc., 33.3% Follow-Through …” published on November 22, 2016, Businesswire.com published: “Burlington Stores, Inc. Announces Third Quarter and First Nine Months Fiscal …” on November 22, 2016. More interesting news about Burlington Stores Inc (NYSE:BURL) were released by: Businesswire.com and their article: “Burlington Stores, Inc. Appoints Off-Price Retail Veteran Ted English to Board …” published on November 16, 2016 as well as Marketwatch.com‘s news article titled: “Burlington Stores’ revenue beats expectations” with publication date: November 22, 2016.

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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