Price Action Report: Is Burlington Stores Inc’s Fuel Running Low? The Stock Reaches All Time High Today

Price Action Report: Is Burlington Stores Inc's Fuel Running Low? The Stock Reaches All Time High Today

The stock of Burlington Stores Inc (NYSE:BURL) reached all time high today, Nov, 23 and still has $93.81 target or 3.00% above today’s $91.08 share price. This indicates more upside for the $7.54 billion company. This technical setup was reported by Barchart.com. If the $93.81 PT is reached, the company will be worth $226.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 601,661 shares traded hands. Burlington Stores Inc (NYSE:BURL) has risen 49.38% since April 21, 2016 and is uptrending. It has outperformed by 44.05% the S&P500.

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 20 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 26 by Telsey Advisory Group. The company was initiated on Friday, November 6 by RBC Capital Markets. The stock has “Outperform” rating given by Cowen & Co on Friday, August 26. Citigroup maintained the shares of BURL in a report on Friday, May 27 with “Neutral” rating. Goldman Sachs maintained Burlington Stores Inc (NYSE:BURL) rating on Friday, May 27. Goldman Sachs has “Buy” rating and $67 price target. The company was maintained on Thursday, July 21 by RBC Capital Markets. As per Friday, August 26, the company rating was maintained by BMO Capital Markets. The stock of Burlington Stores Inc (NYSE:BURL) has “Buy” rating given on Friday, August 26 by M Partners. The stock of Burlington Stores Inc (NYSE:BURL) earned “Buy” rating by Goldman Sachs on Thursday, January 21. As per Friday, August 26, the company rating was maintained by Citigroup.

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 Q2 2016. Its down 0.05, from 0.94 in 2016Q1. The ratio turned negative, 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.
Bessemer Gp Inc holds 151 shares or 0% of its portfolio. Davidson Kempner Capital Mngmt Limited Partnership owns 775,000 shares or 2.32% of their US portfolio. Omers Administration Corp holds 0.03% or 20,700 shares in its portfolio. Invesco Limited reported 1.28 million shares or 0.03% of all its holdings. Price T Rowe Assocs Md has invested 0.1% of its portfolio in Burlington Stores Inc (NYSE:BURL). Victory Mngmt owns 217,178 shares or 0.06% of their US portfolio. Stifel Corporation reported 15,776 shares or 0% of all its holdings. Nuveen Asset Ltd Liability Corporation has 17,400 shares for 0.01% of their US portfolio. Bank Of America Corp De has 1.46 million shares for 0.02% of their US portfolio. Moreover, Dorsey & Whitney Trust Com Ltd Liability Co has 0.07% invested in Burlington Stores Inc (NYSE:BURL) for 4,767 shares. The Connecticut-based Columbus Circle Investors has invested 0.46% in Burlington Stores Inc (NYSE:BURL). Suffolk Cap Management Ltd Liability Com holds 0.21% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 24,017 shares. Melvin Capital Mngmt Ltd Partnership owns 1.05M shares or 2.25% of their US portfolio. The Switzerland-based Credit Suisse Ag has invested 0.01% in Burlington Stores Inc (NYSE:BURL). Trexquant Investment Limited Partnership, a Connecticut-based fund reported 13,988 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 22 insider sales for $20.33 million net activity. Shares for $288,367 were sold by Metheny Mike on Friday, November 11. Katz Marc sold $602,500 worth of stock or 10,000 shares. 20,000 Burlington Stores Inc (NYSE:BURL) shares with value of $1.59M were sold by Kingsbury Thomas. Seeger Eric also sold $762,711 worth of Burlington Stores Inc (NYSE:BURL) on Tuesday, May 31. Hand Fred had sold 12,000 shares worth $973,141. $600,309 worth of shares were sold by MAGRINI JOYCE MANNING on Thursday, September 1.

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 Nasdaq.com‘s news article titled: “Mid-Day Market Update: Burlington Stores Gains On Earnings Beat; Palo Alto …” 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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