Burlington Stores (NYSE:BURL) Reaching An Inflection Point; BB&T Capital Mkts Coverage Initiated as Hold


How BB&T Capital Mkts Currently Rates Burlington Stores (NYSE:BURL)

BB&T Capital Mkts shared with investors and clients in a research note that it have begun coverage on Burlington Stores (NYSE:BURL) stock, with Hold rating.

From a total of 12 analysts covering Burlington Stores (NYSE:BURL) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 85% of the ratings are positive. The highest target price is $70 while the lowest target price is $55. The mean of all analyst targets is $61.42 with a 41.58% above today’s ($42.38) stock price. Burlington Stores was the topic of 2 analyst reports since October 7, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets initiated shares on November 6 with “Outperform” rating.

Approximately 68,172 shares of stock traded hands. Burlington Stores Inc (NYSE:BURL) has declined 14.63% since May 14, 2015 and is downtrending. It has underperformed by 12.36% the S&P500.

The overall sentiment of institutions has decreased to 1.06 in Q2 2015. Its down 0.82, from 1.88 in 2015Q2. The ratio dropped, as 42 institutions have sold all the shares of Burlington Stores Inc that they owned while 84 funds have taken shares off the table. 39 funds have purchased shares for the first time while 95 added to their positions. These institutions now hold 85.53 million shares or 11.58% more than the 76.66 million shares they owned in 2015Q2.

The Fund Horseman Capital Management Ltd currently is holding shares equating to 3.55% of its total portfolio in Burlington Stores Inc representing a total of 273,400 shares. Another fund,Tyvor Capital Llc, is holding a total of 170,007 shares equating to 2.87% of their holdings. Additionally, Buckingham Capital Management Inc has a 609,240 share stake in Burlington Stores Inc which represents 2.82% of their total portfolio. The Fund, Bennett Lawrence Management L L C Ny, based out of New York, has also built up a stake in the stock, which represents a total of 2.66% of their total portfolio. Finally Shellback Capital Lp, a fund which is based in the state of Massachusetts reported a total holdings of 446,445 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 20, 2015, shareholders of Burlington Stores Inc have witnessed 0 insider buys, and a total of 8 selling transactions equating to a net activity of approximately $8.05 million . Kingsbury Thomas sold 30,000 shares worth approximately $1.52 million. Hand Fred sold 2,858 shares worth approximately $156,607. Crimmins John sold 2,000 shares worth approximately $109,704. Katz Marc sold 22,000 shares worth approximately $1.17 million. The company insider Magrini Joyce Manning sold 22,000 shares worth $1.17M.

Burlington Stores, Inc. is a retailer of branded apparel. The company has a market cap of $3.22 billion. 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. It has 23.02 P/E ratio. 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.

According to Zacks Investment Research, “Burlington Stores, Inc. operates as an off-price apparel and home product retailer. It provides its customers with a selection of fashionable branded product in women’s ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home goods and coats. The Company operates within the United States and Puerto Rico. Burlington Stores, Inc. is headquartered in Burlington, New Jersey.”