Analyst Price Target Update on Burlington Stores (NYSE:BURL)

Burlington Stores (NYSE:BURL): 9 analysts have set the short term price target of Burlington Stores (NYSE:BURL) at $67.56. The standard deviation of short term price target has been estimated at $4.61, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 75 and $59 respectively.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Burlington Stores (NYSE:BURL). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Goldman Sachs raises the price target from $63 per share to $67 per share. The rating by the firm was issued on May 27, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The officer (Executive Vice President), of Burlington Stores, Inc., Hand Fred had unloaded 22,000 shares at $63.77 per share in a transaction on June 8, 2016. The total value of transaction was $1,402,940. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Burlington Stores (NYSE:BURL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.5 points or 0.78% at $63.39 with 933,154 shares getting traded. Post opening the session at $63.46, the shares hit an intraday low of $62.83 and an intraday high of $64.33 and the price was in this range throughout the day. The company has a market cap of $4,533 million and the number of outstanding shares have been calculated to be 71,513,289 shares. The 52-week high of Burlington Stores (NYSE:BURL) is $64.51 and the 52-week low is $39.4.

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 Companys 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 Companys 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 Companys offerings for juniors include dresses, tops, bottoms, shoes, coats, sweaters, handbags, sleepwear, swimwear, beauty and fragrance, jewelry and watches.

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