Burlington Stores Reaches Analyst Target Price

Burlington Stores Reaches Analyst Target Price
Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Highbridge Capital Management LLC
document.getElementById(“comment”).setAttribute( “id”, “c12fa3e4772b163aade7dcdbfeec6179” );document.getElementById(“1ebc8970d2”).setAttribute( “id”, “comment” );

Davidson Kempner Capital Management LP Purchases Shares of 225000 Burlington Stores, Inc. (NYSE:BURL)

document.getElementById(“comment”).setAttribute( “id”, “cdd838f024d84941c858b1839ff1afac” );document.getElementById(“c461629109”).setAttribute( “id”, “comment” );

Get Burlington Stores alerts: Several research firms recently weighed in on BURL. Cowen set a $132.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Monday, November 27th. BMO Capital Markets set a $120.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Morgan Stanley upped their price objective on shares of Burlington Stores from $107.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 22nd. Finally, SunTrust Banks upped their target price on shares of Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $110.49.

Please disable your ad blocker (or update your settings to ensure that javascript and cookies are enabled), so that we can continue to provide you with the first-rate market news and data you’ve come to expect from us.

Update Clear List CLOSEX Customize your NASDAQ.com experience Background Color Selector Select the background color of your choice:  Black  Slate Gray  Light Gray  Gray Blue Quote Search Select a default target page for your quote search:  Real-Time  After Hours  Pre-Market  News  Flash Quote  Summary Quote  Interactive Charts  Default Setting Please note that once you make your selection, it will apply to all future visits to NASDAQ.com. If, at any time, you are interested in reverting to our default settings, please select Default Setting above. If you have any questions or encounter any issues in changing your default settings, please email isfeedback@nasdaq.com. CLOSEX Please confirm your selection: You have selected to change your default setting for the Quote Search. This will now be your default target page; unless you change your configuration again, or you delete your cookies. Are you sure you want to change your settings?
the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $94.16, for a total transaction of $225,984.00. The disclosure for this sale can be found here. Insiders sold 87,701 shares of company stock worth $8,870,690 in the last 90 days. Company insiders own 2.60% of the company’s stock.The Top 25 Broker Analyst Picks of the S&P 500 ยป
NEXT »Deutsche Post (DPSGY) Rating Increased to Hold at Zacks Investment Research
Get Burlington Stores alerts: Several brokerages have recently commented on BURL. BMO Capital Markets reissued a “buy” rating and issued a $115.00 target price on shares of Burlington Stores in a report on Wednesday, September 13th. Morgan Stanley restated an “overweight” rating and issued a $107.00 price objective (up previously from $105.00) on shares of Burlington Stores in a research report on Friday, August 25th. BidaskClub upgraded shares of Burlington Stores from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Burlington Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, SunTrust Banks upped their target price on shares of Burlington Stores from $109.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Burlington Stores has an average rating of “Buy” and a consensus price target of $110.49.TRADEMARK VIOLATION NOTICE: This piece was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://stocknewstimes.com/2017/12/20/225000-shares-in-burlington-stores-inc-burl-acquired-by-davidson-kempner-capital-management-lp.html.

Burlington Stores declared that its Board of Directors has approved a share repurchase program on Thursday, August 24th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Highbridge Capital Management LLC raised its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 104.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,420 shares of the company’s stock after buying an additional 105,236 shares during the period. Highbridge Capital Management LLC owned 0.30% of Burlington Stores worth $19,706,000 at the end of the most recent quarter.

Burlington at Twitter: