Insider Selling: Burlington Stores Inc (NYSE:BURL) EVP Sells 7,475 Shares of Stock

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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.

A number of institutional investors have recently made changes to their positions in BURL. Squar Milner Financial Services LLC lifted its stake in Burlington Stores by 274.4% during the 3rd quarter. Squar Milner Financial Services LLC now owns 146 shares of the company’s stock valued at $29,000 after acquiring an additional 107 shares in the last quarter. KCS Wealth Advisory bought a new stake in shares of Burlington Stores in the 3rd quarter worth $40,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Burlington Stores in the 2nd quarter worth $41,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Burlington Stores by 187.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 250 shares of the company’s stock worth $43,000 after acquiring an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Burlington Stores by 85.9% in the third quarter. Parallel Advisors LLC now owns 316 shares of the company’s stock valued at $63,000 after purchasing an additional 146 shares during the last quarter.

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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Insider Buying and Selling by Quarter for Burlington Stores (NYSE:BURL)

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