Jennifer Vecchio Sells 493 Shares of Burlington Stores, Inc. (NYSE:BURL) Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Jennifer Vecchio also recently made the following trade(s):

• On Thursday, January 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The stock was sold at an average price of $284.95, for a total value of $140,765.30.
• On Monday, December 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The stock was sold at an average price of $293.89, for a total value of $145,181.66.

Burlington Stores Price Performance

Shares of NYSE BURL traded down $3.79 during midday trading on Wednesday, hitting $268.27. The stock had a trading volume of 1,042,448 shares, compared to its average volume of 712,755. The stock has a 50 day simple moving average of $287.56 and a 200-day simple moving average of $270.92. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $17.03 billion, a PE ratio of 36.75, a P/E/G ratio of 1.53 and a beta of 1.62. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the business posted $0.98 earnings per share. Burlington Stores’s revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Institutional Trading of Burlington Stores

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores during the third quarter worth about $26,000. Fortitude Family Office LLC grew its stake in shares of Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Burlington Stores in the fourth quarter worth $31,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Burlington Stores during the third quarter worth $33,000.

Wall Street Analysts Forecast Growth

BURL has been the subject of a number of research analyst reports. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and increased their target price for the company from $280.00 to $360.00 in a report on Friday, January 10th. Evercore ISI boosted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Citigroup increased their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Robert W. Baird upped their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $317.87.

About Burlington Stores

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.