In the latest trading session, 2.23 million Burlington Stores Inc (NYSE:BURL) shares changed hands as the company’s beta touched 1.24. With the company’s most recent per share price at $163.08 changing hands around $26.37 or 19.29% at last look, the market valuation stands at $10.58B. BURL’s current price is a discount, trading about -47.13% off its 52-week high of $239.94. The share price had its 52-week low at $115.66, which suggests the last value was 29.08% up since then. When we look at Burlington Stores Inc’s average trading volume, we note the 10-day average is 2.04 million shares, with the 3-month average coming to 1.68 million.
Analysts gave the Burlington Stores Inc (BURL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.68. If we narrow down to specifics, the data shows that 1 out of 22 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 4 recommended BURL as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. Burlington Stores Inc’s EPS for the current quarter is expected to be $0.99.
Burlington Stores Inc (NYSE:BURL) trade information
Instantly BURL is in green as seen in intraday trades today. With action 23.34%, the performance over the past five days has been green. The jump to weekly highs of 163.90 on Monday, 11/20/23 added 19.29% to the stock’s daily price. The company’s shares are showing year-to-date downside of -19.57%, with the 5-day performance at 23.34% in the green. However, in the 30-day time frame, Burlington Stores Inc (NYSE:BURL) is 37.99% up. Looking at the short shares, we see there were 2.75 million shares sold at short interest cover period of 2.22 days.
The consensus price target for the stock as assigned by Wall Street analysts is $180.60, meaning bulls need an upside of 9.7% from its recent market value. According to analyst projections, BURL’s forecast low is $120.00 with $225.00 as the target high. To hit the forecast high, the stock’s price needs a -37.97% plunge from its current level, while the stock would need to tank 26.42% for it to hit the projected low.
Burlington Stores Inc (BURL) estimates and forecasts
Data shows that the Burlington Stores Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.83% over the past 6 months, a 32.86% in annual growth rate that is considerably higher than the industry average of 11.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Burlington Stores Inc will rise 130.20%, while the growth in revenue is estimated to hit 9.50% for the next quarter. Year-over-year growth is forecast to reach 11.20% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of $2.31 billion. 18 analysts are of the opinion that Burlington Stores Inc’s revenue for the quarter ending Jan 2024 will be $3.04 billion. The estimates for the next quarter sales put growth at 10.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -8.62%. The 2023 estimates are for Burlington Stores Inc earnings to increase by 32.18%, but the outlook for the next 5-year period is at 29.07% per year.
Burlington Stores Inc is expected to release its next quarterly earnings report on November 21.
Burlington Stores Inc (NYSE:BURL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.37% of Burlington Stores Inc shares while 108.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 108.89%. There are 108.48% institutions holding the Burlington Stores Inc stock share, with T. Rowe Price Investment Management, Inc. the top institutional holder. As of Jun 29, 2023, the company held 10.46% of the shares, roughly 6.78 million BURL shares worth $1.07 billion.
Capital International Investors holds the second largest percentage of outstanding shares, with 10.18% or 6.6 million shares worth $1.04 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Amcap Fund and Price (T.Rowe) Mid Cap Growth Fund. With 4.05 million shares estimated at $636.99 million under it, the former controlled 6.24% of total outstanding shares. On the other hand, Price (T.Rowe) Mid Cap Growth Fund held about 4.23% of the shares, roughly 2.74 million shares worth around $431.45 million.