Recent extremely meaningful positive changes in investment behavior have benefitted Burlington Stores Inc (NYSE: BURL): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent important positive changes in fundamentals have benefitted Burlington Stores Inc (NYSE: BURL): significant quarterly earnings acceleration occurred, and the consensus estimate for January, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BURL is expected to continue to be a major Value Builder.
Burlington Stores has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Burlington Stores has a slightly negative Appreciation Score of 36 but a very high Power Rating of 90, triggering the Positive Value Trend Rating.
Recent Price Action
On 6/28/24, Burlington Stores Inc (NYSE: BURL) stock rose modestly by 0.7%, closing at $240.00. Moreover, trading volume in this advance was above average at 125% of normal. The stock has risen 1.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
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