Burlington Stores Inc (NYSE:BURL) EVP Joyce Manning Magrini sold 22,000 shares of Burlington Stores stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $158.54, for a total transaction of $3,487,880.00. Following the completion of the sale, the executive vice president now directly owns 29,610 shares in the company, valued at approximately $4,694,369.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
BURL stock traded up $2.60 during midday trading on Friday, reaching $165.72. 789,761 shares of the company’s stock traded hands, compared to its average volume of 1,211,016. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.02 and a quick ratio of 0.25. Burlington Stores Inc has a 52 week low of $134.59 and a 52 week high of $180.27. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.36 and a beta of 0.16.
Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.06. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the firm posted $3.59 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that Burlington Stores Inc will post 7 EPS for the current year.
BURL has been the topic of a number of research reports. Deutsche Bank lifted their price target on shares of Burlington Stores from $164.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Wedbush lowered their price target on shares of Burlington Stores from $160.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, March 8th. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. ValuEngine cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Cowen set a $165.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $179.79.
A number of hedge funds have recently modified their holdings of BURL. Claybrook Capital LLC bought a new stake in Burlington Stores during the 4th quarter valued at $25,000. Shine Investment Advisory Services Inc. grew its position in shares of Burlington Stores by 101.1% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock valued at $28,000 after purchasing an additional 91 shares in the last quarter. Pearl River Capital LLC purchased a new position in shares of Burlington Stores during the 4th quarter valued at $33,000. Huntington National Bank grew its position in shares of Burlington Stores by 147.2% during the 1st quarter. Huntington National Bank now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 131 shares in the last quarter. Finally, Bremer Bank National Association purchased a new position in shares of Burlington Stores during the 1st quarter valued at $41,000.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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