Insider Selling: Burlington Stores, Inc. (NYSE:BURL) Director Sells $472,370.25 in Stock

Burlington Stores, Inc. (NYSE:BURL) Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Burlington Stores Trading Up 0.4 %

Shares of Burlington Stores stock opened at $273.02 on Wednesday. The business has a fifty day simple moving average of $261.80 and a 200-day simple moving average of $230.64. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $282.49. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Crewe Advisors LLC acquired a new stake in Burlington Stores during the 2nd quarter worth about $25,000. ORG Partners LLC purchased a new position in shares of Burlington Stores in the second quarter worth approximately $38,000. Rise Advisors LLC purchased a new position in shares of Burlington Stores in the first quarter worth approximately $40,000. Blue Trust Inc. lifted its position in shares of Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares in the last quarter. Finally, American National Bank acquired a new position in Burlington Stores in the 2nd quarter worth approximately $47,000.

Analyst Ratings Changes

A number of analysts recently issued reports on BURL shares. Morgan Stanley lifted their price target on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Evercore ISI increased their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. UBS Group boosted their price objective on Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Barclays increased their target price on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, BMO Capital Markets upped their price target on Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $294.94.

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.