Guggenheim Securities Initiates Coverage on Burlington Stores Inc to Neutral

Guggenheim Securities Initiates Coverage on Burlington Stores Inc(NYSE:BURL). The shares have been rated Neutral. The rating by Guggenheim Securities was issued on Sep 30, 2016.

In a different note, On Aug 26, 2016, MKM Partners said it Upgrades its rating on Burlington Stores Inc. The shares have been rated ‘Buy’ by the firm. On Aug 26, 2016, Citigroup said it Maintains its rating on Burlington Stores Inc. In the research note, the firm Raises the price-target to $75.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 26, 2016, BMO Capital said it Maintains its rating on Burlington Stores Inc. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 26, 2016, Cowen & Company said it Maintains its rating on Burlington Stores Inc. In the research note, the firm Raises the price-target to $79.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 26, 2016, Buckingham Research said it Maintains its rating on Burlington Stores Inc. In the research note, the firm Raises the price-target to $82.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, Goldman Sachs said it Assumes its rating on Burlington Stores Inc. The shares have been rated ‘Buy’ by the firm.

Burlington Stores Inc (BURL) shares turned negative on Tuesdays trading session with the shares closing down -0.31 points or -0.39% at a volume of 10,94,771. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $79.56. The peak price level was also seen at $79.56 while the days lowest was $78.58. Finally the shares closed at $79.09. The 52-week high of the shares is $87.23 while the 52-week low is $39.4. According to the latest information available, the market cap of the company is $5,642 M.

Burlington Stores Inc(BURL) last announced its earnings results on Aug 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.26B. Analysts had an estimated revenue of $1.24B. Earnings per share were $0.39. Analysts had estimated an EPS of $0.30.

Several Insider Transactions has been reported to the SEC. On Sep 14, 2016, Mike Metheny (Executive Vice President) sold 4,000 shares at $82.14 per share price.Also, On Sep 6, 2016, Thomas Kingsbury (President & CEO) sold 20,000 shares at $82.18 per share price.On Sep 6, 2016, Joyce Manning Magrini (Executive Vice President) sold 7,300 shares at $81.98 per share price, according to the Form-4 filing with the securities and exchange commission.

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 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. The Company’s 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 Company’s offerings for juniors include dresses tops bottoms shoes coats sweaters handbags sleepwear swimwear beauty and fragrance jewelry and watches.

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