While Burlington Stores Inc has underperformed by -4.49%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BURL fell by -1.69%, with highs and lows ranging from $232.69 to $115.66, whereas the simple moving average jumped by 18.54% in the last 200 days.
On March 08, 2024, Telsey Advisory Group Reiterated Burlington Stores Inc (NYSE: BURL) to Outperform. A report published by Piper Sandler on January 17, 2024, Upgraded its rating to ‘Overweight’ for BURL. Evercore ISI also rated BURL shares as ‘Outperform’, setting a target price of $150 on the company’s shares in an initiating report dated November 07, 2023. Piper Sandler initiated its ‘Neutral’ rating for BURL, as published in its report on June 29, 2023. Gordon Haskett’s report from June 26, 2023 suggests a price prediction of $175 for BURL shares, giving the stock a ‘Buy’ rating. Loop Capital also rated the stock as ‘Buy’.
Analysis of Burlington Stores Inc (BURL)
Further, the quarter-over-quarter increase in sales is 13.92%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Burlington Stores Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 37.91% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.61, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and BURL is recording an average volume of 845.23K. On a monthly basis, the volatility of the stock is set at 2.86%, whereas on a weekly basis, it is put at 3.27%, with a loss of -12.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $243.82, showing growth from the present price of $202.44, which can serve as yet another indication of whether BURL is worth investing in or should be passed over.
How Do You Analyze Burlington Stores Inc Shares?
Burlington Stores Inc (BURL) is based in the USA and is one of the most prominent companies operating in the Apparel Retail market. When comparing Burlington Stores Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 38.51, there is a growth in quarterly earnings of 24.65%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.45%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 106.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BURL shares are owned by institutional investors to the tune of 106.67% at present.
