Burlington Stores Inc
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Consumer Discretionary : Specialty Retail | Mid Cap Blend
Company profile

Burlington Stores, Inc. is a retailer of branded apparel. The Company operates approximately 866 retail stores in approximately 45 states and Puerto Rico. It sells in-season, fashion-focused merchandise, including women’s ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts and coats. The Company operates five distribution centers. Its two east coast distribution centers are located in Edgewater Park, New Jersey and Burlington, New Jersey and three west coast distribution centers are located in San Bernardino, California, Redlands, California, and Riverside, California. It also operates warehousing facilities to support its distribution centers. The Company uses a mix of broad-based and targeted marketing strategies. Its broad-based strategies include national and local television and radio. Its digital and streaming audio strategies include personalized and targeted messaging.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$156.99
Day's Change
2.99 (1.94%)
Bid
--
Ask
--
B/A Size
--
Day's High
160.24
Day's Low
156.78
Volume
(Light)
Volume:
664,945

10-day average volume:
917,487
664,945

Raymond James tweaks ratings on Cullen/Frost Bankers, Banc of California, PCB Bancorp, United Community Banks

8:48 am ET April 6, 2022 (MarketWatch)
Print

Raymond James on Wednesday downgraded three bank stocks and upgraded one ahead of the first-quarter earnings season. Bright spots for banks include improving loan growth, potential expansion in net interest income as interest rates rise, and benign credit trends. Challenges include tough comparisons in fee income businesses from mortgages and capital markets; also wage inflation and rising technology costs. Raymond James analyst Michael Rose downgraded Banc of California (BANC) to market perform from outperform and upgraded Cullen/Frost Bankers Inc. (CFR) to outperform from market perform. PCB Bancorp (PCB) was downgraded to market perform from outperform. Raymond James also cut its rating on United Community Banks Inc. (UCBI) to market perform from outperform. PNC Financial Services Group Inc.'s (PNC) price target was reduced to $215 from $230 a share. The KBW Nasdaq Bank Index is down 8.3% so far in 2022, compared to a loss of 9.2% by the Nasdaq.

-Steve Gelsi

	

(END) Dow Jones Newswires

April 06, 2022 08:48 ET (12:48 GMT)

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