Burlington Stores Inc (NYSE:BURL) does about 842.36K shares in volume on a normal day but saw 1075742 shares change hands in Tuesday trading. The company now has a market cap of 14.31B USD. Its current market price is $221.75, marking a decrease of -3.05% compared to the previous close of $228.73. The 52 week high reached by this stock is $232.69 whilst the lowest price level in 52 weeks is $115.66.
Burlington Stores Inc (BURL) has a 20-day trading average at $221.96 and the current price is -4.70% off the 52-week high compared with 91.73% distance from its 52-week low. The 50-day simple moving average of the closing price is $207.64 and its 200-day simple moving average is $170.48. If we look at the stock’s price movements over the week, volatility stands at 1.95%, which increases to 2.60% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.04 to suggest the stock is neutral.
The consensus objective for the share price is $243.82, suggesting that the stock has a potential upside of 9.05% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 08, 2024 when Telsey Advisory Group reiterated the stock to “Outperform” and issued a price target of between $225 and $250. Piper Sandler upgraded the stock to “Overweight” from Neutral on January 17, 2024 at a price target of $155-$240. Evercore ISI initiated its price target at $150.
Burlington Stores Inc (BURL) stock is down -2.57% over the week and 7.77% over the past month. Its price is 14.02% year-to-date and 13.96% over the past year.
The stock last released its quarterly earnings report for quarter ended 1/30/2024, with the company’s earnings per share (EPS) of $3.66 above consensus estimates by $0.36. BURL’s earnings per share are forecast to grow by 23.10% this year and 23.20% over next year. Expected sales for next quarter are $2.42 billion, which analysts say will come at $10.66 billion for the current fiscal year and next year at $11.73 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.35 billion.
To reach the target analysts have set, the stock logically needs to grow 9.05 percent from here.
Outstanding shares total 64.53M with insiders holding 0.39% of the shares and institutional holders owning 108.75% of the company’s common stock. The company has a return on investment of 6.32% and return on equity of 37.91%. The price to earnings ratio (P/E ratio) amounts to 42.19 while the forward price to earnings ratio is 24.42. The beta has a value of 1.48. Price to book ratio is 14.23 and price to sales ratio is 1.47.
