The price of Burlington Stores Inc (NYSE:BURL) shares last traded on Wall Street rose 0.39% to $290.56.
BURL stock price is now 3.07% away from the 50-day moving average and 17.34% away from the 200-day moving average. The market capitalization of the company currently stands at $18.45B.
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With the price target enhanced from $280 to $360, UBS Upgraded its rating from Neutral to Buy for Burlington Stores Inc (NYSE: BURL). On November 27, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $310 to quote $320, while the Telsey Advisory Group previously rated the stock as ‘Outperform’ on August 30, 2024.
In other news, Vecchio Jennifer, Group President and CMO sold 494 shares of the company’s stock on Jan 02 ’25. The stock was sold for $140,764 at an average price of $284.95. Upon completion of the transaction, the Group President and CMO now directly owns 59,437 shares in the company, valued at $17.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Officer Vecchio Jennifer bought 494 shares of the business’s stock. A total of $141,960 was incurred on buying the stock at an average price of $287.37. A total of 0.48% of the company’s stock is owned by insiders.
During the past 12 months, Burlington Stores Inc has had a low of $174.64 and a high of $298.89. As of last week, the company has a debt-to-equity ratio of 4.57, a current ratio of 1.17, and a quick ratio of 0.54. According to the stock market information, the enterprise value for the company is $22520664064, which is based on a 39.80 price-to-earnings ratio, a 1.73 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for BURL is $281.9132 and a two-hundred day moving average price translates $247.6189 for the stock.
The latest earnings results from Burlington Stores Inc (NYSE: BURL) was released for 2024-08-03. The net profit margin was 4.49% and return on equity was 47.10% for BURL. The company reported revenue of $2.47 billion for the quarter, compared to $2.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.37 percent.
