Burlington Stores (BURL) Gets a Hold Rating from Guggenheim


Guggenheim analyst Robert Drbul maintained a Hold rating on Burlington Stores (BURL) today. The company’s shares opened today at $156.03.

Drbul observed:

“We remain NEUTRAL, with shares trading at ~22x our FY19E EPS, above TJX (BUY-rated at ~19x) and ROST (BUY-rated at ~20.5x).”

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 7.7% and a 61.4% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.

Currently, the analyst consensus on Burlington Stores is a Moderate Buy with an average price target of $176.07.

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Based on Burlington Stores’ latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $184 million. In comparison, last year the company had a net profit of $82.59 million.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock.

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Burlington Stores, Inc. offers selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, home, coats, beauty, toys and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

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