Burlington Stores Inc. (NYSE:BURL) finished Friday with a subtraction of -$0.58 to close at $154.27, a downside of -0.37 percent. An average of 2,580,920 shares of common stock have been traded in the last five days. There was a fall of -$17.96 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 1,427,030 shares traded, while the 50-day average volume stands at 1,284,226.
BURL stock has decreased by -11.80% in the last month. The company shares reached their 1-month lowest point of $151.85 on 08/24/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $106.47 and a high of $239.94 in 52 weeks. It has reached a new high 9 times so far this year and lost -23.91% or -$48.49 in price. In spite of this, the price is down -35.70% from the 52-week high.
Insider Transactions
BURL stock investors should be aware that Burlington Stores Inc. (BURL) stock had its last reported insider trading activity 158 days ago on Mar 21. In this transaction, the insider spent $106,130. Group President and CMO, Vecchio Jennifer, disposed of 47,153 shares at a price of $209.46 on Mar 17. The insider now owns more than $9,876,621 worth of shares. Prior to that, SVP, Finance and CAO LAUB JEFFREY went on to Sale 2,917 shares at $195.63 each on Nov 28. An amount of $570,648 was transacted.
Valuation Metrics
Burlington Stores Inc. (BURL) has a trailing price-to-earnings (P/E) ratio of 40.92. The stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.11, the price-to-book (PB) ratio at 12.50, and the price-to-cash flow ratio at 38.78.
Financial Health
The quick ratio of Burlington Stores Inc. for the three months ended July 30 was 0.40, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.68 and a total debt to equity ratio of 1.70 for the quarter ending July 30. Burlington Stores Inc.’s EBITDA margin for the year ending July 30 is 7.74%, while its operating margin for the same period stands at 4.20%. Its gross profit as reported stood at $3.53 billion compared to revenue of $8.7 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Burlington Stores Inc.’s return on assets was 3.50%.
Earnings Surprise
For the three-month period that ended July 30, Burlington Stores Inc. had $1.35 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $30.89 million in the quarter, while revenues of $32.75 million were grew 61.25%. The analyst consensus anticipated Burlington Stores Inc.’s latest quarter earnings to come in at $0.43 per share, but it turned out to be $0.6, a 39.50% surprise. For the quarter, EBITDA amounted to $135.44 million. Shareholders own equity worth $64.85 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Burlington Stores Inc. (BURL) price momentum. RSI 9-day as of the close on 25 August was 31.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 55.96%.
As of today, BURL’s price is $162.75 -10.43% or -$17.96 from its 5-day moving average. BURL is currently trading -13.17% lower than its 20-day SMA and -25.09% lower than its 100-day SMA. However, the stock’s current price level is +3.95% above the SMA50 and +14.32% above the SMA200.
The stochastic %K and %D were 25.58% and 30.65%, respectively, and the average true range (ATR) was 7.19. With the 14-day stochastic at 9.70% and the average true range at 6.56, the RSI (14) stands at 36.91%. The stock has reached -6.59 on the 9-day MACD Oscillator while the 14-day reading was at -6.53.
Analyst Ratings
Piper Sandler launched coverage on Burlington Stores Inc. (NYSE: BURL) in its analyst report released on June 29, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Burlington Stores Inc. (BURL) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BURL, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 14 others rate it as a “buy”.
What is BURL’s price target for the next 12 months?
Analysts predict a range of price targets between $120.00 and $250.00, with a median target of $209.00. Taking a look at these predictions, the average price target given by analysts for Burlington Stores Inc. (BURL) stock is $202.35.
