Burlington Stores Inc (NYSE:BURL) EVP Joyce Manning Magrini sold 7,475 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $225.92, for a total value of $1,688,752.00. Following the transaction, the executive vice president now directly owns 12,783 shares in the company, valued at $2,887,935.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Burlington Stores stock traded down $2.48 on Tuesday, reaching $223.07. 1,527,117 shares of the company’s stock were exchanged, compared to its average volume of 1,054,725. The company has a market capitalization of $14.91 billion, a P/E ratio of 34.64, a price-to-earnings-growth ratio of 1.96 and a beta of 0.26. Burlington Stores Inc has a 52 week low of $136.30 and a 52 week high of $229.96. The firm’s 50-day moving average is $203.95 and its two-hundred day moving average is $185.07. The company has a debt-to-equity ratio of 8.28, a quick ratio of 0.26 and a current ratio of 0.88.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.14. Burlington Stores had a net margin of 6.26% and a return on equity of 145.12%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the business posted $1.21 EPS. Burlington Stores’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect that Burlington Stores Inc will post 7.34 EPS for the current fiscal year.
Several equities research analysts have issued reports on BURL shares. OTR Global raised Burlington Stores to a “positive” rating in a report on Wednesday, November 6th. Telsey Advisory Group lifted their price objective on shares of Burlington Stores from $210.00 to $225.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their price objective on shares of Burlington Stores from $225.00 to $243.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Wells Fargo & Co reissued a “buy” rating on shares of Burlington Stores in a research report on Thursday, August 29th. Finally, Nomura raised their target price on shares of Burlington Stores from $220.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $230.17.
Burlington Stores Company Profile
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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