Burlington Stores Inc (BURL) is Reiterated by MKM Partners to Neutral, Raises Price Target to $ 73

Burlington Stores Inc (BURL) was Reiterated by MKM Partners to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 73 from a previous price target of $59 . MKM Partners advised their investors in a research report released on Jul 25, 2016.

Many Wall Street Analysts have commented on Burlington Stores Inc. Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 73 from a previous price target of $59 .Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 82 from a previous price target of $66 .Company shares were Reiterated by Telsey Advisory Group on Jul 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 84 from a previous price target of $70 .

On the company’s financial health, Burlington Stores Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.48. The company had revenue of $1282.70 million for the quarter, compared to analysts expectations of $1268.82 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Burlington Stores Inc closed down -0.3 points or -0.40% at $74.27 with 14,58,213 shares getting traded on Wednesday. Post opening the session at $75.4, the shares hit an intraday low of $74.045 and an intraday high of $75.41 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jul 14, 2016, Mike Metheny (Executive Vice President) sold 4,000 shares at $67.08 per share price. According to the SEC, on Jul 6, 2016, Thomas Kingsbury (President & CEO) sold 20,000 shares at $67.25 per share price. On Jun 10, 2016, Fred Hand (Executive Vice President) sold 22,000 shares at $63.77 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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 Company’s offerings for juniors include dresses tops bottoms shoes coats sweaters handbags sleepwear swimwear beauty and fragrance jewelry and watches.

Burlington Stores Inc

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