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BURL

Burlington Stores

$132.82

-3.36 (-2.47%)

15:30
04/20/18
04/20
15:30
04/20/18
15:30

Bullish option play in Burlington Stores as shares slump

Bullish option play in Burlington Stores as shares slump. The stock down $3.50 to $132.76 and 3K May 135 - 140, 1X2, call spreads trade for 40c Friday. The investor bought 1, sold 2, and targets a 5.5% move to $140 through the May expiration in four weeks. A similar play printed last Friday when 3K May 140 - 145, 1X2, call spreads opened at 20c. The stock then rallied to 52-week highs of $139.36 through Tuesday before suffering a three-day 4.7% decline. Estimated earnings date is 5/24 and outside of the May expiration.

BURL Burlington Stores
$132.82

-3.36 (-2.47%)

03/12/18
FBCO
03/12/18
INITIATION
Target $146
FBCO
Outperform
Burlington Stores initiated with an Outperform at Credit Suisse
Credit Suisse analyst Michael Binetti initiated Burlington Stores with an Outperform rating and a price target of $146, saying the Street consensus has not reflected the company's margin improvement relative to those of its peers. The analyst expects this gap to narrow in the coming years on opportunity for better productivity and the positive impact of tax reform related cash reinvestment into new stores and models.
03/12/18
MKMP
03/12/18
NO CHANGE
Target $150
MKMP
Buy
Burlington Stores price target raised to $150 from $135 at MKM Partners
MKM Partners analyst Roxanne Meyer raised her price target on Burlington Stores to $150 and kept her Buy rating after the company's Q4 results, saying its ability to drive "strong comps" led by non-weather impacted categories was "impressive". Meyer expects the company to continue gaining share in home, beauty and women's segments amid ongoing comps momentum. The analyst also sees the possibility for incremental sales gains from performance of its new stores and operational improvement in its existing store portfolio, along with the potential for lower markdowns and fixed cost leverage.
03/09/18
BUCK
03/09/18
NO CHANGE
Target $150
BUCK
Buy
Burlington Stores price target raised to $150 from $143 at Buckingham
Buckingham analyst Eric Tracy raised Burlington Stores price target to $150 from $143 and reiterated his Buy rating following the Q4 beat and "robust" 2018 guidance. The analyst said the evolving off-price model is yielding superior revenue/earnings, which is driving sustained comps, visible unit growth and material margin expansion opportunities.
03/09/18
BMOC
03/09/18
NO CHANGE
Target $145
BMOC
Outperform
Burlington Stores price target raised to $145 from $120 at BMO Capital
BMO Capital analyst John Morris raised his price target on Burlington Stores to $145 after the company's Q4 earnings beat and 5.9% SSS growth that was well above its 2%-3% outlook. Morris contends that the company is able to manage wage inflation better than competitors while closing its operational efficiency gap. The analyst keeps his Outperform rating on Burlington Stores.

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