BMO Capital Sticks to Their Buy Rating for Burlington Stores

By Ryan Adsit

BMO Capital analyst John Morris reiterated a Buy rating on Burlington Stores (NYSE: BURL) on September 10 and set a price target of $115. The company’s shares opened today at $89.40.

According to TipRanks.com, Morris is a 1-star analyst with an average return of -3.8% and a 37.3% success rate. Morris covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Children’s Place.

Burlington Stores has an analyst consensus of Moderate Buy, with a price target consensus of $103.

The company has a one year high of $104.07 and a one year low of $68.94. Currently, Burlington Stores has an average volume of 1.4M.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. Last month, Marc Katz, the EVP & CFO of BURL sold 11,000 shares for a total of $959,750.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Burlington Stores, Inc. is a holding company, which provides customers the selection of fashionable branded product in women’s ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home goods and coats. The company was founded in 2013 and is headquartered in Burlington, NJ.