Insider Selling: 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 value of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

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

Burlington Stores Trading Down 3.5 %

Shares of BURL stock opened at $260.05 on Friday. The business’s fifty day moving average price is $286.32 and its 200 day moving average price is $270.94. The firm has a market capitalization of $16.51 billion, a PE ratio of 35.62, a P/E/G ratio of 1.53 and a beta of 1.62. 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.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Burlington Stores

A number of institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning increased its position in shares of Burlington Stores by 22.6% in the second quarter. Creative Planning now owns 4,192 shares of the company’s stock valued at $1,006,000 after buying an additional 773 shares in the last quarter. Cetera Investment Advisers raised its position in Burlington Stores by 0.5% during the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after acquiring an additional 61 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Burlington Stores during the second quarter worth about $488,000. Handelsbanken Fonder AB grew its position in shares of Burlington Stores by 0.6% in the third quarter. Handelsbanken Fonder AB now owns 16,000 shares of the company’s stock valued at $4,216,000 after purchasing an additional 100 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Burlington Stores by 63.6% during the 3rd quarter. GAMMA Investing LLC now owns 512 shares of the company’s stock worth $135,000 after purchasing an additional 199 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on BURL shares. TD Cowen lifted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Morgan Stanley lifted their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Evercore ISI increased their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays lowered their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Finally, StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.