Burlington Stores (NYSE:BURL): BofA Merrill Reiterates “Buy” Rating Today, Has a Target of $190/Share

Burlington Stores, Inc. (NYSE:BURL) Logo

Investors sentiment increased to 1.25 in 2018 Q2. Its up 0.25, from 1 in 2018Q1. It is positive, as 31 investors sold Burlington Stores, Inc. shares while 107 reduced holdings. 58 funds opened positions while 114 raised stakes. 63.76 million shares or 2.45% less from 65.36 million shares in 2018Q1 were reported.

State Of New Jersey Common Pension Fund D holds 150,000 shares or 0.09% of its portfolio. Heritage Investors Mngmt Corp invested in 33,190 shares. Ci Invs Inc stated it has 0.13% in Burlington Stores, Inc. (NYSE:BURL). Hbk L P holds 0.33% or 247,293 shares in its portfolio. Marshall Wace Limited Liability Partnership accumulated 467,347 shares. Moreover, Mai Mngmt has 0.06% invested in Burlington Stores, Inc. (NYSE:BURL) for 6,798 shares. 851,848 were reported by Kames Public Ltd Llc. Fifth Third Retail Bank stated it has 0% in Burlington Stores, Inc. (NYSE:BURL). Jacobs Levy Equity stated it has 86,354 shares or 0.2% of all its holdings. Lpl Fincl Ltd Liability reported 0.01% stake. Pinebridge Lp invested in 10,578 shares or 0.04% of the stock. Franklin Res owns 283,945 shares or 0.02% of their US portfolio. Twin Capital, Pennsylvania-based fund reported 6,188 shares. Campbell And Inv Adviser Lc has invested 0.23% in Burlington Stores, Inc. (NYSE:BURL). Ithaka Grp Limited Liability Com has 1.97% invested in Burlington Stores, Inc. (NYSE:BURL).

Since June 1, 2018, it had 0 insider purchases, and 19 insider sales for $24.57 million activity. The insider Crimmins John sold 7,700 shares worth $1.16M. Kingsbury Thomas had sold 20,000 shares worth $3.00M on Tuesday, July 10. On Monday, October 1 the insider MAGRINI JOYCE MANNING sold $404,308. Hand Fred sold $619,299 worth of stock.

Burlington Stores (NYSE:BURL) Rating Reaffirmed

In a research report sent to investors and clients this morning, BofA Merrill reconfirmed their “Buy” rating on Burlington Stores (NYSE:BURL) shares. The price target gives a possible upside of 9.83 % from company’s last price.

Burlington Stores, Inc. (NYSE:BURL) Ratings Coverage

Among 15 analysts covering Burlington Stores (NYSE:BURL), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Burlington Stores has $194 highest and $135 lowest target. $174.57’s average target is 0.91% above currents $172.99 stock price. Burlington Stores had 21 analyst reports since June 1, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, June 1 by Citigroup. The rating was maintained by Deutsche Bank on Monday, August 20 with “Buy”. Citigroup maintained the shares of BURL in report on Tuesday, July 31 with “Neutral” rating. The rating was maintained by Cowen & Co on Thursday, August 30 with “Outperform”. Credit Suisse maintained the shares of BURL in report on Friday, August 31 with “Outperform” rating. The stock of Burlington Stores, Inc. (NYSE:BURL) has “Buy” rating given on Monday, August 20 by Buckingham Research. As per Monday, June 25, the company rating was maintained by J.P. Morgan. The rating was maintained by Deutsche Bank with “Buy” on Friday, August 31. SunTrust maintained the stock with “Buy” rating in Friday, June 1 report. The stock has “Neutral” rating by Wedbush on Friday, November 2.

The stock decreased 1.51% or $2.65 during the last trading session, reaching $172.99. About 1.23 million shares traded or 39.76% up from the average. Burlington Stores, Inc. (NYSE:BURL) has risen 86.98% since November 14, 2017 and is uptrending. It has outperformed by 71.36% the S&P500.

Analysts await Burlington Stores, Inc. (NYSE:BURL) to report earnings on November, 20. They expect $1.05 earnings per share, up 50.00 % or $0.35 from last year’s $0.7 per share. BURL’s profit will be $70.93M for 41.19 P/E if the $1.05 EPS becomes a reality. After $1.15 actual earnings per share reported by Burlington Stores, Inc. for the previous quarter, Wall Street now forecasts -8.70 % negative EPS growth.

Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company has market cap of $11.69 billion. The firm offers fashion-focused merchandise, including ladies sportswear, menswear, youth apparel, baby furniture, footwear, accessories, home décor and gifts, and coats. It has a 27.24 P/E ratio. As of January 28, 2017, it operated 592 stores, including an Internet store in 45 states and Puerto Rico.

More recent Burlington Stores, Inc. (NYSE:BURL) news were published by: Seekingalpha.com which released: “It’s Time To Buy Microsoft – Cramer’s Lightning Round (11/2/18)” on November 05, 2018. Also Streetinsider.com published the news titled: “Esplanade’s Kravetz bullish on casinos, Apple; sees turbulence for discount stores” on November 14, 2018. Benzinga.com‘s news article titled: “Cowen: Kohl’s, Target, Tiffany Are Top Holiday Retail Picks” with publication date: November 14, 2018 was also an interesting one.

Burlington Stores, Inc. (NYSE:BURL) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.