RBC Capital Mkts Just Issued “Outperform” Rating on Burlington Stores Inc (BURL)

Burlington Stores Inc (BURL) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 97 from a previous price target of $91 . RBC Capital Mkts advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Company shares were Upgraded by Telsey Advisory Group on Mar 3, 2017 to ” Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $91 .Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 97 from a previous price target of $91 .Company shares were Upgraded by Telsey Advisory Group on Mar 3, 2017 to ” Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $91 .Company shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform”, Firm has raised the Price Target to $ 97 from a previous price target of $91 .Burlington Stores Inc was Upgraded by Credit Suisse to ” Outperform” on Jan 18, 2017.

On the company’s financial health, Burlington Stores Inc reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Mar 2, 2017. Analyst had a consensus of $1.71. The company had revenue of $1685.72 million for the quarter, compared to analysts expectations of $1659.97 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Several company insiders have filed Insider transactions , on Feb 3, 2017, Thomas Kingsbury (President & CEO) sold 20,000 shares at $82.76 per share price. According to the SEC, on Feb 3, 2017, Joyce Manning Magrini (Executive Vice President) sold 3,500 shares at $82.66 per share price. On Dec 14, 2016, Mike Metheny (Executive Vice President) sold 3,501 shares at $86.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Burlington Stores Inc opened for trading at $87.55 and hit $89.25 on the upside on Monday, eventually ending the session at $89.13, with a gain of 1.76% or 1.54 points. The heightened volatility saw the trading volume jump to 13,66,685 shares. Company has a market cap of $6,292 M.

Burlington Stores Inc. is a retailer of branded apparel. As of January 31 2015 the Company had 542 stores inclusive of an Internet store in 44 states of the United States and Puerto Rico. The Company’s offerings for women include dresses tops bottoms coats shoes suits and suit separates handbags intimates and sleepwear active wear sweaters swimwear and cover-ups jewelry and watches maternity beauty and fragrance and scrubs. The Company’s offerings for men include t-shirts suits and suit separates coats shoes pants button downs jeans shorts dress shirts polos hoodies and sweatshirts swim and active wear sports fan shop socks and underwear pajamas and robes grooming gadgets and gifts belts wallets and sweaters. The Company’s offerings for juniors include dresses tops bottoms shoes coats sweaters handbags sleepwear swimwear beauty and fragrance jewelry and watches.

Burlington Stores Inc

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