Burlington Stores (NYSE:BURL) : 9 brokerage houses believe that Burlington Stores (NYSE:BURL) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Burlington Stores (NYSE:BURL). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 11 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.27.
Burlington Stores (NYSE:BURL) : 9 Wall Street analysts covering Burlington Stores (NYSE:BURL) believe that the average level the stock could reach for the short term is $67.56. The maximum price target given is $75 and the minimum target for short term is around $59, hence the standard deviation is calculated at $4.61.
For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on Burlington Stores (NYSE:BURL). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $63 per share to $67 per share. The rating by the firm was issued on May 27, 2016.
Burlington Stores (NYSE:BURL): stock turned positive on Tuesday. Though the stock opened at $62.54, the bulls momentum made the stock top out at $63.48 level for the day. The stock recorded a low of $62.15 and closed the trading day at $63.29, in the green by 1.67%. The total traded volume for the day was 1,005,524. The stock had closed at $62.25 in the previous days trading.
In an insider trading activity, Hand Fred, officer (Executive Vice President) of Burlington Stores, Inc., unloaded 22,000 shares at an average price of $63.77 on June 8, 2016. The total amount of the transaction was worth $1,402,940, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Burlington Stores, Inc. is a retailer of branded apparel. 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. The Companys offerings for women include dresses, tops, bottoms, coats, shoes, suits and suit separates, handbags, intimates and sleepwear, active wear, sweaters, swimwear and cover-ups, jewelry and watches, maternity, beauty and fragrance and scrubs. The Companys offerings for men include t-shirts, suits and suit separates, coats, shoes, pants, button downs, jeans, shorts, dress shirts, polos, hoodies and sweatshirts, swim and active wear, sports fan shop, socks and underwear, pajamas and robes, grooming, gadgets and gifts, belts, wallets and sweaters. The Companys offerings for juniors include dresses, tops, bottoms, shoes, coats, sweaters, handbags, sleepwear, swimwear, beauty and fragrance, jewelry and watches.