For the next 5 years, Burlington Stores, Inc.is expecting Growth of 17.83% per annum, whereas in the past 5 years the growth was 55.94% per annum. Aperio Group LLC acquired a new position in Burlington Stores during the first quarter worth approximately $304,000. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). Apex Capital Management increased its position in Burlington Stores by 8.6% in the first quarter. GW&K Investment Management LLC increased its position in Burlington Stores by 33.4% in the first quarter. Apex Capital Management now owns 1,435,416 shares of the company’s stock worth $80,728,000 after buying an additional 113,593 shares in the last quarter. GW&K Investment Management LLC now owns 246,219 shares of the company’s stock worth $13,847,000 after buying an additional 61,626 shares during the period. Raymond James Trust N.A. bought a new stake in shares of Burlington Stores during the second quarter worth $203,000. The most recent short interest data show 6.99% of the company’s stock are short sold. Buckingham Research raised their price objective on shares of Burlington Stores from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, May 27th. Following the sale, the chief executive officer now owns 621,871 shares of the company’s stock, valued at approximately $47,392,788.91. BMO Capital Markets reissued an “outperform” rating and issued a $69.00 price objective on shares of Burlington Stores in a research note on Wednesday, July 20th. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Burlington Stores has a consensus rating of “Buy” and an average target price of $82.74. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction on Monday, August 1st. 188,070 shares of the stock traded hands. Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 73 from a previous price target of $59.Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 82 from a previous price target of $66.Company shares were Reiterated by Telsey Advisory Group on Jul 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 84 from a previous price target of $70. Shares of Burlington Stores Inc (NYSE:BURL) now have an ABR of 1.33, derived from a total of 9 opinions. Utah Retirement Systems added BURL to its portfolio by purchasing 12,800 company shares during the most recent quarter which is valued at $958,976.
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Burlington Stores Inc makes up approx 0.04% of Spot Trading L.l.c’s portfolio. The firm has a market cap of $5.80 billion and a P/E ratio of 37.70. The disclosure for this sale can be found here. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.30 by $0.09. During the same quarter in the previous year, the company posted $0.19 EPS. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Burlington Stores by 53.8% in the first quarter. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion.
SG&A, less product sourcing costs, as a percentage of net sales was 27.3%, representing about 110 basis points of improvement contrast with a year ago.
Burlington Stores, Inc. (BURL) closed 40.52% above its 200-day moving average and is 12.48% above another chart threshold, its 50-day moving average.
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According to Zacks brokerage recommendations, Burlington Stores, Inc. As of January 31 2015 the Company had 542 stores inclusive of an Internet store in 44 states of the United States and Puerto Rico.
