Stephen Ferroni Sells 450 Shares of Burlington Stores, Inc. (NYSE:BURL) Stock

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) CAO Stephen Ferroni sold 450 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer now directly owns 2,389 shares of the company's stock, valued at $576,680.71. This represents a 15.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Burlington Stores Trading Down 2.0%

Shares of BURL stock traded down $4.87 during trading hours on Tuesday, reaching $242.07. The company had a trading volume of 768,160 shares, compared to its average volume of 986,824. The company has a 50 day moving average of $238.73 and a 200 day moving average of $257.89. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 1.11 and a beta of 1.65. 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 $212.92 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.17. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned $1.35 EPS. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after buying an additional 40 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Burlington Stores by 258.6% during the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after buying an additional 75 shares during the last quarter. WPG Advisers LLC bought a new stake in Burlington Stores during the first quarter worth $26,000. Stonebridge Financial Group LLC acquired a new stake in Burlington Stores in the fourth quarter valued at $31,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after purchasing an additional 69 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on BURL. Loop Capital cut their price target on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report on Friday, May 30th. Morgan Stanley cut their target price on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lifted their price objective on Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Citigroup lowered their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, Barclays increased their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $317.43.

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.