Burlington Stores (BURL) Receives Price Target

Burlington Stores (BURL) : 9 Wall Street analysts covering Burlington Stores (BURL) believe that the average level the stock could reach for the short term is $90.33. The maximum price target given is $96 and the minimum target for short term is around $82, hence the standard deviation is calculated at $4.85.

Burlington Stores (BURL) : Zacks Investment Research ranks Burlington Stores (BURL) as 1, which is a Strong Buy recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 1.3, which indicates as a Strong Buy.


Also, MKM Partners upgrades their rating on the shares of Burlington Stores (NYSE:BURL). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 26, 2016.

Burlington Stores (NYSE:BURL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.95 and $80.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.59, notching a gain of 1.69% for the day. The total traded volume was 2,561,048 . The stock had closed at $81.22 on the previous day.

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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