Rating Watching: Analysts at MKM Partners Reiterated their “Buy” rating for Burlington Stores (NYSE:BURL). The Price Target Given is $99

November 23, 2016 - By Peter Erickson

Rating Watching:  Analysts at MKM Partners Reiterated their

Burlington Stores (NYSE:BURL) Rating

New York: In analysts note shared with investors and clients on Wednesday, 23 November, MKM Partners kept their “Buy” rating on shares of Burlington Stores (NYSE:BURL). They currently have a $99 target price on the company. MKM Partners’s target suggests a potential upside of 8.90% from the company’s last close price.

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 -4.62% below today’s ($90.91) 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 Guggenheim on Friday, September 30 with “Neutral”. The company was maintained on Thursday, July 21 by RBC Capital Markets. The firm has “Buy” rating by BB&T Capital given on Tuesday, January 19. The stock of Burlington Stores Inc (NYSE:BURL) has “Outperform” rating given on Friday, August 26 by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, October 7 by Citigroup. Cowen & Co maintained the shares of BURL in a report on Friday, August 26 with “Outperform” rating. The rating was maintained by Buckingham Research with “Buy” on Friday, August 26. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, August 26. The stock of Burlington Stores Inc (NYSE:BURL) has “Buy” rating given on Thursday, January 21 by Goldman Sachs. The stock of Burlington Stores Inc (NYSE:BURL) has “Buy” rating given on Friday, May 27 by Goldman Sachs.

About 1.41M 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.

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.

The New York-based Scopus Asset Mgmt L P has invested 0.4% in Burlington Stores Inc (NYSE:BURL). Lombard Odier Asset (Usa) Corp last reported 250,000 shares in the company. Penn Capital Mgmt last reported 1.07% of its portfolio in the stock. Laurion Capital Lp holds 126,699 shares or 0.13% of its portfolio. Cupps Capital Management Ltd Com has 134,192 shares for 2.31% of their US portfolio. Moreover, Blackrock Institutional Tru Co Na has 0.02% invested in Burlington Stores Inc (NYSE:BURL) for 1.84 million shares. Moreover, Legal & General Group Incorporated Public Ltd Com has 0% invested in Burlington Stores Inc (NYSE:BURL) for 34,820 shares. Babson Mgmt Llc last reported 0.04% of its portfolio in the stock. Wellington Shields Capital Mgmt Limited Liability Corporation has 0.06% invested in the company for 5,000 shares. Old Natl Bank In has 4,305 shares for 0.02% of their US portfolio. Creative Planning has 0% invested in the company for 37 shares. Point72 Asia (Hong Kong) Limited has 500 shares for 0.04% of their US portfolio. Ameriprise Fin Inc has 0.03% invested in the company for 860,313 shares. Mutual Of America Mngmt Ltd last reported 1,200 shares in the company. First Mercantile has invested 0.04% of its portfolio in Burlington Stores Inc (NYSE:BURL).

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 22 insider sales for $20.33 million net activity. The insider Metheny Mike sold $268,310. 20,000 shares were sold by Kingsbury Thomas, worth $1.49 million. Shares for $810,000 were sold by Katz Marc. 6,300 shares were sold by MAGRINI JOYCE MANNING, worth $502,768. The insider Hand Fred sold $973,141. 20,948 shares with value of $1.67M were sold by Seeger Eric on Wednesday, October 5.

Burlington Stores, Inc. is a retailer of branded apparel. The company has a market cap of $7.52 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 34.96 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 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.

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