Burlington Stores, Inc. (NYSE:BURL - Get Free Report) CMO Jennifer Vecchio sold 420 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of the sale, the chief marketing officer directly owned 65,429 shares in the company, valued at $15,483,118.56. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Burlington Stores Stock Performance
Shares of NYSE BURL traded up $5.11 during midday trading on Friday, hitting $247.39. 870,071 shares of the stock traded hands, compared to its average volume of 998,344. The firm has a market capitalization of $15.61 billion, a P/E ratio of 30.35, a PEG ratio of 2.16 and a beta of 1.64. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. The firm has a 50-day moving average of $240.20 and a two-hundred day moving average of $250.97.
Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. Burlington Stores's revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 earnings per share. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.
Institutional Trading of Burlington Stores
Several large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its stake in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Burlington Stores by 258.6% during the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. WPG Advisers LLC bought a new stake in Burlington Stores during the first quarter valued at about $26,000. Farther Finance Advisors LLC grew its holdings in Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after purchasing an additional 69 shares during the period. Finally, Brooklyn Investment Group increased its position in Burlington Stores by 48.2% in the first quarter. Brooklyn Investment Group now owns 206 shares of the company's stock worth $49,000 after buying an additional 67 shares in the last quarter.
Analyst Ratings Changes
BURL has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective 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. Robert W. Baird lowered their price target on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Evercore ISI dropped their price target on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Telsey Advisory Group restated an "outperform" rating and set a $300.00 price objective (down from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. Finally, Barclays lifted their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average target price of $317.43.
Check Out Our Latest Research Report on BURL
About Burlington Stores
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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.
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