Telsey Advisory Group has recently reiterated Burlington Stores Inc (BURL) stock to Outperform rating, as announced on August 30, 2024, according to Finviz. Earlier, on August 23, 2024, Telsey Advisory Group had reiterated the stock to Outperform, setting a price target of $300. for BURL stock. Gordon Haskett also raised Buy rating with a price target of $300. Additionally, TD Cowen raised Buy rating on August 9, 2024, with a target price of $279. Telsey Advisory Group analysts, in their report published on May 31, 2024, also reiterated Outperform rating and set a price target of $250 for Burlington Stores Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Burlington Stores Inc (BURL) Stock Trading Recap
On Monday, Burlington Stores Inc (BURL) stock saw a decline, ending the day at $272.08 which represents a decrease of $-5.37 or -1.94% from the prior close of $277.45. The stock opened at $278.25 and touched a low of $271.9 during the day, reaching a high of $280.71. The volume of shares traded was 0.92 million exceeding the average volume of 0.76 million.
BURL Stock Performance and Moving Averages
In recent trading, Burlington Stores Inc (BURL) stock price has shown some volatility, fluctuating 3.48% over the last five trades and 2.68% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 24.79%, and it has gained 19.32% in the previous three months. Currently, BURL is trading at 1.23%, 5.65%, and 25.98% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BURL, a Consumer Cyclical sector stock, is trading -3.69% below its 52-week high but remains 135.24% above its 52-week low. The Average True Range (ATR) (14 days) of 7.4 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Burlington Stores Inc’s Profitability and Valuation Ratios
Burlington Stores Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 6.39% and a profit margin of 4.18%, with a gross margin of 24.79%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Burlington Stores Inc’s market capitalization stands at $17.32 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 40.93, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 28.18. Additionally, the Price-to-Sales Ratio is 1.69, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 16.18, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.49% of Burlington Stores Inc (BURL)’s shares, while financial institutions hold 114.18%.
Notable insider trades include Ferroni Stephen, SVP, Chief Accounting Officer at Burlington Stores Inc (BURL), who sold 1875 shares on Sep 09 ’24, at $264.49 each, totaling $0.50 million. On Sep 03 ’24, Vecchio Jennifer, Group President and CMO, sold 494 shares for $265.89 each, amounting to $0.13 million. Additionally, on Aug 01 ’24, Vecchio Jennifer sold 494 shares at $255.37 each, generating $0.13 million.
