Burlington Stores Inc (NYSE: BURL) is 17.36% higher on its value in year-to-date trading and has touched a low of $115.66 and a high of $227.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BURL stock was last observed hovering at around $224.57 in the last trading session, with the day’s gains setting it 3.68%.
Currently trading at $228.25, the stock is 8.06% and 13.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 1.64% at the moment leaves the stock 36.69% off its SMA200. BURL registered 7.77% gain for a year compared to 6-month gain of 59.43%. The firm has a 50-day simple moving average (SMA 50) of $1.90 and a 200-day simple moving average (SMA200) of $21.70.
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The stock witnessed a 17.82% loss in the last 1 month and extending the period to 3 months gives it a 25.53%, and is 3.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.45% over the week and 2.76% over the month.
Burlington Stores Inc (BURL) has around 71049 employees, a market worth around $14.73B and $9.73B in sales. Current P/E ratio is 43.42 and Fwd P/E is 25.14. Profit margin for the company is 3.49%. Distance from 52-week low is 97.35% and 0.33% from its 52-week high. The company has generated returns on investments over the last 12 months (6.32%).
Burlington Stores Inc quarterly earnings per share for the current quarter are estimated at $1.07 with sales reaching $2.35B over the same period.The EPS is expected to grow by 21.46% this year, but quarterly earnings will post 9.50% year-over-year.
684 institutions hold shares in Burlington Stores Inc (BURL), with institutional investors hold 109.20% of the company’s shares. The shares outstanding are 64.53M, and float is at 64.22M with Short Float at 4.18%. Institutions hold 108.75% of the Float.
The top institutional shareholder in the company is T. Rowe Price Investment Management, Inc. with over 6.78 million shares valued at $1.07 billion. The investor’s holdings represent 10.46% of the BURL Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital International Investors with 6.6 million shares valued at $1.04 billion to account for 10.18% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 6.01 million shares representing 9.27% and valued at over $946.19 million, while Price (T.Rowe) Associates Inc holds 6.87% of the shares totaling 4.46 million with a market value of $701.69 million.
Burlington Stores Inc (BURL) Insider Activity
The most recent transaction is an insider sale by MCNAMARA WILLIAM P, the company’s Director. SEC filings show that MCNAMARA WILLIAM P sold 500 shares of the company’s common stock on Mar 21 ’23 at a price of $212.26 per share for a total of $0.11 million. Following the sale, the insider now owns 8154.0 shares.
