Burlington Stores Inc (NYSE:BURL) CMO Jennifer Vecchio sold 17,016 shares of Burlington Stores stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $226.00, for a total value of $3,845,616.00. Following the sale, the chief marketing officer now directly owns 40,060 shares in the company, valued at $9,053,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Jennifer Vecchio also recently made the following trade(s):
- On Thursday, September 26th, Jennifer Vecchio sold 15,000 shares of Burlington Stores stock. The shares were sold at an average price of $198.87, for a total transaction of $2,983,050.00.
BURL stock traded down $2.48 during midday trading on Tuesday, reaching $223.07. 1,527,117 shares of the company’s stock traded hands, compared to its average volume of 1,054,725. Burlington Stores Inc has a 52-week low of $136.30 and a 52-week high of $229.96. The stock has a market cap of $14.91 billion, a P/E ratio of 34.64, a PEG ratio of 1.96 and a beta of 0.26. The company has a current ratio of 0.88, a quick ratio of 0.26 and a debt-to-equity ratio of 8.28. The stock’s 50-day moving average is $203.95 and its 200 day moving average is $185.07.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.14. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Burlington Stores had a net margin of 6.26% and a return on equity of 145.12%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 EPS. As a group, research analysts expect that Burlington Stores Inc will post 7.34 EPS for the current fiscal year.
BURL has been the subject of several recent research reports. Cowen increased their price target on shares of Burlington Stores from $225.00 to $245.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. MKM Partners increased their target price on Burlington Stores from $238.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. increased their target price on Burlington Stores from $237.00 to $242.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Royal Bank of Canada began coverage on Burlington Stores in a report on Monday, November 11th. They set an “outperform” rating and a $230.00 price target for the company. Finally, DA Davidson lifted their price target on Burlington Stores from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $230.17.
Institutional investors have recently made changes to their positions in the stock. Squar Milner Financial Services LLC grew its holdings in Burlington Stores by 274.4% during the third quarter. Squar Milner Financial Services LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 107 shares during the period. KCS Wealth Advisory bought a new position in shares of Burlington Stores in the third quarter worth about $40,000. Steward Partners Investment Advisory LLC bought a new position in shares of Burlington Stores in the second quarter worth about $41,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Burlington Stores by 187.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 250 shares of the company’s stock valued at $43,000 after buying an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Burlington Stores by 85.9% during the 3rd quarter. Parallel Advisors LLC now owns 316 shares of the company’s stock valued at $63,000 after buying an additional 146 shares in the last quarter.
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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