Burlington Stores, Inc. (NYSE:BURL) CMO Sells $135,944.75 in Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jennifer Vecchio also recently made the following trade(s):

• On Thursday, January 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The shares were sold at an average price of $284.95, for a total value of $140,765.30.
• On Monday, December 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The stock was sold at an average price of $293.89, for a total value of $145,181.66.

Burlington Stores Stock Down 3.5 %

BURL stock opened at $260.05 on Friday. The firm has a fifty day moving average price of $286.32 and a two-hundred day moving average price of $270.94. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 1.53 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Institutional Investors Weigh In On Burlington Stores

A number of hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at approximately $26,000. Fortitude Family Office LLC raised its holdings in shares of Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after buying an additional 55 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores during the fourth quarter worth approximately $31,000. Finally, Brooklyn Investment Group bought a new position in Burlington Stores in the 3rd quarter worth approximately $33,000.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley raised their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and upped their price target for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Citigroup lifted their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. TD Cowen increased their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Evercore ISI upped their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $317.87.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.