News articles about Burlington Stores (NYSE:BURL) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Burlington Stores earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.7165846736378 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Big Lots (BIG) Stock Up 21% in 3 Months, Can It Gain Further? (msn.com)
- Top Ranked Growth Stocks to Buy for December 8th (zacks.com)
- US Q3 in brief – Vince Holding, Destination Maternity, Dollar General (just-style.com)
- ETFs with exposure to Burlington Stores, Inc. : December 7, 2017 (finance.yahoo.com)
- Free Research Reports on These Discount, Variety Stores Stocks — Costco Wholesale, Dollar Tree, Target, and Burlington Stores (prnewswire.com)
Shares of Burlington Stores (NYSE:BURL) traded up $2.39 during midday trading on Friday, hitting $112.89. The company had a trading volume of 880,288 shares, compared to its average volume of 1,118,608. The stock has a market cap of $7,541.39, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.48 and a beta of 0.56. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. Burlington Stores has a 52 week low of $79.07 and a 52 week high of $114.99.
Burlington Stores declared that its Board of Directors has approved a share buyback program on Thursday, August 24th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of brokerages have recently issued reports on BURL. Cowen set a $105.00 price target on Burlington Stores and gave the company a “buy” rating in a research report on Monday, August 14th. BMO Capital Markets reiterated a “buy” rating and set a $115.00 price target on shares of Burlington Stores in a research report on Wednesday, September 13th. BidaskClub raised Burlington Stores from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Morgan Stanley reissued an “overweight” rating and set a $107.00 price objective (up from $105.00) on shares of Burlington Stores in a report on Friday, August 25th. Finally, Zacks Investment Research cut Burlington Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, October 30th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $109.49.
In other Burlington Stores news, insider Fred Hand sold 8,000 shares of Burlington Stores stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $87.80, for a total value of $702,400.00. Following the transaction, the insider now directly owns 76,309 shares of the company’s stock, valued at approximately $6,699,930.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $107.75, for a total value of $258,600.00. Following the completion of the transaction, the executive vice president now directly owns 45,014 shares in the company, valued at $4,850,258.50. The disclosure for this sale can be found here. Insiders sold a total of 95,701 shares of company stock worth $9,091,290 over the last ninety days. Insiders own 2.60% of the company’s stock.
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About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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