The stock of Burlington Stores Inc (NYSE:BURL) hit a new 52-week high and has $95.52 target or 6.00% above today’s $90.11 share price. The 8 months bullish chart indicates low risk for the $7.46B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $95.52 price target is reached, the company will be worth $447.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.05M shares traded hands or 26.54% up from the average. 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 21 analyst reports since October 7, 2015 according to StockzIntelligence Inc. On Friday, August 26 the stock rating was maintained by Buckingham Research with “Buy”. The stock has “Buy” rating given by Buckingham Research on Friday, May 27. The stock of Burlington Stores Inc (NYSE:BURL) has “Buy” rating given on Wednesday, November 23 by M Partners. On Friday, August 26 the stock rating was upgraded by M Partners to “Buy”. Citigroup initiated the shares of BURL in a report on Wednesday, October 7 with “Buy” rating. The stock of Burlington Stores Inc (NYSE:BURL) earned “Buy” rating by Goldman Sachs on Thursday, January 21. The stock has “Buy” rating given by Goldman Sachs on Friday, May 27. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, August 26 report. The rating was maintained by Telsey Advisory Group on Wednesday, November 23 with “Market Perform”. The company was maintained on Friday, August 26 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 2016 Q2. Its down 0.05, from 0.94 in 2016Q1. The ratio fall, 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.
Moreover, Suffolk Cap Mgmt Ltd Limited Liability Company has 0.21% invested in Burlington Stores Inc (NYSE:BURL) for 24,017 shares. Regions Corporation has invested 0% of its portfolio in Burlington Stores Inc (NYSE:BURL). Palisade Cap Mngmt Ltd Llc Nj has 0.47% invested in the company for 194,493 shares. Retirement Of Alabama has 147,900 shares for 0.06% of their US portfolio. Oak Ridge Invests Llc has 1.56M shares for 2.68% of their US portfolio. Turner Invests Lp holds 0.56% or 27,000 shares in its portfolio. Lord Abbett And Co owns 731,428 shares or 0.15% of their US portfolio. Quantitative Investment Mngmt Limited Co holds 0.23% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 75,000 shares. First Tru Advsrs L P holds 90,343 shares or 0.02% of its portfolio. Tiger Eye Cap Limited Liability Corporation has invested 2.46% of its portfolio in Burlington Stores Inc (NYSE:BURL). Reilly Fincl Advisors Ltd Llc accumulated 0% or 46 shares. Cubist Systematic Strategies Ltd Com accumulated 0.28% or 72,633 shares. International Grp has 0% invested in the company for 1,996 shares. Omers Administration accumulated 0.03% or 20,700 shares. The New York-based Tiaa Cref Inv Mngmt Lc has invested 0.01% in Burlington Stores Inc (NYSE:BURL).
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 22 insider sales for $20.33 million net activity. Metheny Mike had sold 4,000 shares worth $288,367 on Friday, November 11. Another trade for 12,000 shares valued at $973,141 was made by Hand Fred on Monday, August 29. On Thursday, September 1 the insider Kingsbury Thomas sold $1.65M. Katz Marc also sold $810,000 worth of Burlington Stores Inc (NYSE:BURL) on Monday, August 29. MAGRINI JOYCE MANNING had sold 6,300 shares worth $502,768. On Wednesday, October 5 the insider Seeger Eric sold $1.67 million.
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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