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.
Other Equity analysts have also commented on the company shares. Goldman Sachs maintains its view on Burlington Stores (NYSE:BURL) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs raises the price target from $63 per share to $67 per share on Burlington Stores . The rating by the firm was issued on May 27, 2016.
Burlington Stores (NYSE:BURL): On Thursdays trading session , Opening price of the stock was $64.07 with an intraday high of $64.1. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $62.09. However, the stock managed to close at $62.85, a loss of 0.85% for the day. On the previous day, the stock had closed at $63.39. The total traded volume of the day was 1,828,406 shares.
The company shares have rallied 19.92% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $64.51 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $59.03 and the 200 Day Moving Average price is recorded at $53.58. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Burlington Stores, Inc., Hand Fred had sold 22,000 shares worth of $1,402,940 in a transaction dated June 8, 2016. In this transaction, 22,000 shares were sold at $63.77 per share.
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.