Important Rating: Telsey Advisory Group Keeps Burlington Stores (NYSE:BURL) As “Market Perform”; Has PT Of $91

November 23, 2016 - By whatsonthorold

Important Rating: Telsey Advisory Group Keeps Burlington Stores (NYSE:BURL) As

Burlington Stores (NYSE:BURL) Rating

Telsey Advisory Group currently has a $91 target price per share on the $5.84 billion market cap company or 5.76% upside potential. In an analyst report shared with investors on 23 November, Burlington Stores (NYSE:BURL) stock had its “Market Perform” Rating restate by investment analysts at Telsey Advisory Group.

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. $96 is the highest target while $58 is the lowest. The $86.71 average target is 0.78% above today’s ($86.04) stock price. 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”. Cowen & Co maintained the shares of BURL in a report on Friday, August 26 with “Outperform” rating. On Friday, November 6 the stock rating was initiated by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained the shares of BURL in a report on Friday, August 26 with “Outperform” rating. The stock of Burlington Stores Inc (NYSE:BURL) has “Buy” rating given on Friday, August 26 by Buckingham Research. The stock has “Buy” rating given by M Partners on Friday, August 26. The company was maintained on Thursday, July 21 by RBC Capital Markets. The rating was initiated by Guggenheim on Friday, September 30 with “Neutral”. The stock of Burlington Stores Inc (NYSE:BURL) earned “Buy” rating by Goldman Sachs on Thursday, January 21. BMO Capital Markets maintained Burlington Stores Inc (NYSE:BURL) on Friday, August 26 with “Outperform” rating.

The stock increased 15.99% or $11.86 during the last trading session, hitting $86.04. 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.

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.05, from 0.94 in 2016Q1. The ratio worsened, 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.

Trexquant L P accumulated 0.12% or 13,988 shares. Moreover, Alpine Prtnrs Vi Lc has 0.16% invested in Burlington Stores Inc (NYSE:BURL) for 5,148 shares. Lombard Odier Asset (Usa) has invested 2.02% of its portfolio in Burlington Stores Inc (NYSE:BURL). Moreover, Penn Capital Mngmt Com has 1.07% invested in Burlington Stores Inc (NYSE:BURL) for 275,983 shares. The New York-based Jefferies Group Limited Co has invested 0% in Burlington Stores Inc (NYSE:BURL). The California-based Wells Fargo Mn has invested 0.13% in Burlington Stores Inc (NYSE:BURL). The Pennsylvania-based Pnc Services Gru has invested 0.01% in Burlington Stores Inc (NYSE:BURL). Palisade Cap Mngmt Llc Nj last reported 194,493 shares in the company. Fred Alger holds 0.07% or 197,132 shares in its portfolio. The New York-based Timessquare Management Ltd Liability Company has invested 0.38% in Burlington Stores Inc (NYSE:BURL). Sigma Planning, a Michigan-based fund reported 4,286 shares. Quantitative Systematic Strategies Limited Liability Corporation owns 11,996 shares or 0.37% of their US portfolio. Calamos Advsr Limited Co last reported 8,270 shares in the company. Visium Asset Mgmt L P last reported 0.12% of its portfolio in the stock. Moreover, Archford Cap Strategies Ltd Llc has 0% invested in Burlington Stores Inc (NYSE:BURL) for 80 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 22 insider sales for $20.33 million net activity. $268,310 worth of shares were sold by Metheny Mike on Tuesday, July 12. The insider Hand Fred sold $973,141. Another trade for 20,948 shares valued at $1.67 million was made by Seeger Eric on Wednesday, October 5. $1.34M worth of Burlington Stores Inc (NYSE:BURL) shares were sold by Kingsbury Thomas. Katz Marc sold $602,500 worth of stock or 10,000 shares. MAGRINI JOYCE MANNING also sold $600,309 worth of Burlington Stores Inc (NYSE:BURL) on Thursday, September 1.

Burlington Stores, Inc. is a retailer of branded apparel. The company has a market cap of $5.84 billion. 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 has a 36.64 P/E ratio. It sells a selection of merchandise acquired directly from manufacturers and other suppliers.

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.”

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.

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 Businesswire.com with their article: “Burlington Stores, Inc. Announces Third Quarter and First Nine Months Fiscal …” published on November 22, 2016, Nasdaq.com published: “Earnings Reaction History: Burlington Stores, Inc., 33.3% Follow-Through …” 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.

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