More To Go Or Is It Over? – Burlington Stores Inc (BURL)

Burlington Stores Inc (NYSE:BURL) does about 1.11M shares in volume on a normal day but saw 1005109 shares change hands in Friday’s trading. The company now has a market cap of 14.63B USD. Its current market price is $229.21, marking a decrease of -2.01% compared to the previous close of $233.90. The 52 week high reached by this stock is $243.64 whilst the lowest price level in 52 weeks is $115.66.

Burlington Stores Inc (BURL) has a 20-day trading average at $207.66 and the current price is -5.92% off the 52-week high compared with 98.18% distance from its 52-week low. The 50-day simple moving average of the closing price is $198.00 and its 200-day simple moving average is $177.74. If we look at the stock’s price movements over the week, volatility stands at 2.89%, which increases to 2.92% 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 65.48 to suggest the stock is neutral.

The consensus objective for the share price is $267.65, suggesting that the stock has a potential upside of 14.36% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 31, 2024 when Telsey Advisory Group reiterated the stock to “Outperform” and issued a price target of between $250 and $270. UBS upgraded the stock to “Neutral” from Sell on May 02, 2024 at a price target of $126-$212. Telsey Advisory Group reiterated its price target at $225-$250.

Burlington Stores Inc (BURL) stock is down -4.52% over the week and 22.26% over the past month. Its price is 17.86% year-to-date and 52.56% over the past year.

To reach the target analysts have set, the stock logically needs to grow 14.36 percent from here.

The company has a return on investment of 7.29% and return on equity of 42.06%. The price to earnings ratio (P/E ratio) amounts to 38.35 while the forward price to earnings ratio is 24.40. The beta has a value of 1.61. Price to book ratio is 14.18 and price to sales ratio is 1.47.