Burlington Stores (NYSE:BURL) Rating Reiterated

Burlington Stores (NYSE:BURL) had its Stock rating noted as “Neutral” by analysts at MKM Partners. MKM Partners currently has a $73.00 target price per share on the $5.40 billion market cap company or -2.17 % downside potential. This was disclosed to clients in analysts note on 25 July.

NYSE:BURL is currently trading 1.21% higher at $74.62 as of 02:06 New York time. Burlington Stores’s stock is up 54.24% in the last 200 days. It has outperformed the S&P500, which has added 9.85% in the same time.

According to data compiled by Thomson Reuters, Burlington Stores (NYSE:BURL)’s stock is covered by 11 equity analysts across the Street, with 0 analysts giving it a Sell rating, 12 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $61.73, which reflects an downside potential of 17.27% over the current price.

NYSE:BURL Price Chart & Trend

The stock price of Burlington Stores went up 54.24% over the last 200 days, and is in mighty up trend. In the last 50 and 100 days, Burlington Stores is up 40.69% and up 31.37%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Sls Management Llc had the largest stake with ownership of 115,600 shares as of q2 2015 for 3.52% of the stock exposure. Horseman Capital Management Ltd is another very bullish active investment manager who is possessing 200,000 shares of Burlington Stores or 2.63% of their stock exposure. Moreover, Bennett Lawrence Management L L C Ny have 2.48% of their stock exposure invested in the company for 184,215 shares. The New York-based fund Buckingham Capital Management Inc revealed it had bought a stake worth about 2.42% of the active investment manager’s stock portfolio in Burlington Stores. The New York-based fund Melvin Capital Management Lp is also positive about the stock, possessing 570,758 shares or 1.94% of their stock exposure.Over the last 6 months, Burlington Stores NYSE:BURL has seen 0 buys, and 13 insider selling transactions. The net result was for 13 transactions, worth $15.59M.

Burlington Stores (NYSE:BURL) Profile

Burlington Stores, Inc. is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats. It sells a selection of merchandise acquired directly from manufacturers and other suppliers.

Burlington Stores (NYSE:BURL) traded up 1.21% on 25 July, hitting $74.62. A total of shares of the company’s stock traded hands. This is down from average of 1.54 million shares. Burlington Stores has a 52 week low of $39.40 and a 52 week high of $75.41. The company has a market cap of $5.40 billion and a P/E ratio of 33.74.

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