Burlington Stores (BURL) Shares are Up 0.59%

Burlington Stores (BURL) : Traders are bullish on Burlington Stores (BURL) as it has outperformed the S&P 500 by a wide margin of 11.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.59% in the last 1 week, and is up 13.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.36% and the 50-Day Moving Average is 11.51%. Burlington Stores (NYSE:BURL): On Fridays trading session , Opening price of the stock was $76.79 with an intraday high of $76.98. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $75.79. However, the stock managed to close at $76.69, a loss of 0.13% for the day. On the previous day, the stock had closed at $76.79. The total traded volume of the day was 845,452 shares.


The company Insiders own 2.21% of Burlington Stores shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.58% . During last six month period, the net percent change held by insiders has seen a change of -16.39%. Also, Brokerage firm Goldman Sachs assumes its rating on Burlington Stores (NYSE:BURL). In a research note issued to the investors, the brokerage major announces price-target of $84 per share.The shares have been rated Buy. The rating by the firm was issued on August 1, 2016.

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.

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