In a report released today, Robert Drbul from Guggenheim maintained a Hold rating on Burlington Stores (BURL). The company’s shares opened today at $151.
Drbul observed:
“We continue to favor off-price and expect share gains to continue in 2019 (BUY-rated on TJX/ROST at ~20x our 2019E EPS), but remain NEUTRAL on BURL (~21x).”
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 10.9% and a 66.9% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Burlington Stores with a $165.75 average price target.
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Based on Burlington Stores’ latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $76.85 million. In comparison, last year the company had a net profit of $241 million.
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Burlington Stores, Inc. is an apparel and home product retailer. Its products include ladies sportswear, menswear, coats, family footwear and youth apparel, as well as baby furniture, accessories, home decor and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.
