Bank of America Securities Remains a Buy on Burlington Stores (BURL)
In a report released today, Lorraine Hutchinson from Bank of America Securities maintained a Buy rating on Burlington Stores, with a price target of $367.00.
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According to TipRanks, Hutchinson is a 3-star analyst with an average return of 1.3% and a 50.00% success rate. Hutchinson covers the Consumer Cyclical sector, focusing on stocks such as TJX Companies, Burlington Stores, and Lululemon Athletica.
Burlington Stores has an analyst consensus of Strong Buy, with a price target consensus of $369.00.
Based on Burlington Stores’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $3.65 billion and a net profit of $310.39 million. In comparison, last year the company earned a revenue of $3.27 billion and had a net profit of $260.77 million
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BURL in relation to earlier this year. Earlier this month, Michael Goodwin, a Director at BURL sold 321.00 shares for a total of $104,027.38.
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- Burlington Stores price target raised to $365 from $350 at Telsey Advisory
- Burlington Stores price target raised to $367 from $363 at BofA
- Burlington Stores price target raised to $399 from $354 at Goldman Sachs
- Burlington Stores price target raised to $365 from $356 at JPMorgan
- Burlington Stores price target raised to $380 from $351 at Citi
