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Burlington Stores (BURL) in Focus: Stock Moves 7.4% Higher
Burlington Stores, Inc. (BURL - Free Report) was a big mover last session, as the company saw its shares rise over 7% on the day. The upside was driven by the company’s announcement of better-than-expected earnings for the first quarter of 2016. This also led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $51.69 to $57.86 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Burlington Stores currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the Retail Discount sector is WAL-MART MX-ADR (WMMVY - Free Report) , carrying a Zacks Rank #2 (Buy).
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