Does Burlington Stores, Inc. (BURL) Have More Gas After Reaching Record High?

April 17, 2018 - By Alfred Lee

Burlington Stores, Inc. (NYSE:BURL) Logo

Investors sentiment increased to 0.95 in 2017 Q4. Its up 0.10, from 0.85 in 2017Q3. It improved, as 30 investors sold Burlington Stores, Inc. shares while 114 reduced holdings. 62 funds opened positions while 75 raised stakes. 66.96 million shares or 1.49% less from 67.97 million shares in 2017Q3 were reported.
Invesco Ltd accumulated 540,439 shares. Moreover, Cadence Cap Management Ltd Limited Liability Company has 0.13% invested in Burlington Stores, Inc. (NYSE:BURL). 15,952 were reported by Fuller & Thaler Asset Management Inc. 3,341 were reported by Comerica Savings Bank. Legal & General Group Public Ltd Llc holds 51,873 shares. Asset Management Incorporated owns 2,826 shares. Us Natl Bank De has 0.01% invested in Burlington Stores, Inc. (NYSE:BURL). Putnam Ltd stated it has 0.01% of its portfolio in Burlington Stores, Inc. (NYSE:BURL). Credit Agricole S A has 0.18% invested in Burlington Stores, Inc. (NYSE:BURL). Wealth Enhancement Advisory Lc reported 12,717 shares. Fmr Ltd Company owns 2.11 million shares. Great West Life Assurance Com Can has invested 0% of its portfolio in Burlington Stores, Inc. (NYSE:BURL). Pnc Financial Services Grp holds 0.1% or 876,879 shares. Johnson Investment Counsel has 8,143 shares for 0.03% of their portfolio. Captrust Financial Advsrs holds 0.01% or 895 shares in its portfolio.

Since December 11, 2017, it had 0 insider buys, and 11 insider sales for $14.01 million activity. Another trade for 7,000 shares valued at $893,550 was sold by Hand Fred. $2.43 million worth of Burlington Stores, Inc. (NYSE:BURL) was sold by Kingsbury Thomas on Wednesday, January 10. On Monday, March 12 Katz Marc sold $1.32M worth of Burlington Stores, Inc. (NYSE:BURL) or 10,351 shares. Sullivan Paul had sold 5,000 shares worth $635,050.

The stock of Burlington Stores, Inc. (NYSE:BURL) reached all time high today, Apr, 17 and still has $150.25 target or 8.00 % above today’s $139.12 share price. This indicates more upside for the $9.43 billion company. This technical setup was reported by Barchart.com. If the $150.25 PT is reached, the company will be worth $754.56M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.81% or $1.12 during the last trading session, reaching $139.12. About 337,783 shares traded. Burlington Stores, Inc. (NYSE:BURL) has risen 37.17% since April 17, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Analysts await Burlington Stores, Inc. (NYSE:BURL) to report earnings on May, 24. They expect $1.08 earnings per share, up 47.95 % or $0.35 from last year’s $0.73 per share. BURL’s profit will be $73.22M for 32.20 P/E if the $1.08 EPS becomes a reality. After $2.17 actual earnings per share reported by Burlington Stores, Inc. for the previous quarter, Wall Street now forecasts -50.23 % negative EPS growth.

Burlington Stores, Inc. (NYSE:BURL) Ratings Coverage

Among 14 analysts covering Burlington Stores (NYSE:BURL), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Burlington Stores had 22 analyst reports since October 19, 2017 according to SRatingsIntel. The rating was maintained by M Partners on Monday, March 12 with “Buy”. Suntrust Robinson maintained the shares of BURL in report on Thursday, November 23 with “Buy” rating. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, November 21. Cowen & Co maintained it with “Buy” rating and $136.0 target in Thursday, March 8 report. The company was maintained on Thursday, January 11 by Wells Fargo. SunTrust maintained Burlington Stores, Inc. (NYSE:BURL) rating on Thursday, March 8. SunTrust has “Buy” rating and $145.0 target. On Tuesday, November 21 the stock rating was maintained by Cowen & Co with “Buy”. Morgan Stanley maintained the shares of BURL in report on Thursday, April 12 with “Overweight” rating. SunTrust maintained Burlington Stores, Inc. (NYSE:BURL) rating on Friday, February 2. SunTrust has “Buy” rating and $141.0 target. The firm has “Outperform” rating given on Wednesday, November 22 by Telsey Advisory Group.

Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company has market cap of $9.43 billion. The firm offers fashion-focused merchandise, including ladies sportswear, menswear, youth apparel, baby furniture, footwear, accessories, home décor and gifts, and coats. It has a 25.39 P/E ratio. As of January 28, 2017, it operated 592 stores, including an Internet store in 45 states and Puerto Rico.

Burlington Stores, Inc. (NYSE:BURL) Institutional Positions Chart

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