Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio Sells 4,939 Shares

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 4,939 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, February 3rd, Jennifer Vecchio sold 493 shares of Burlington Stores stock. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75.
• On Thursday, January 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $248.84 on Tuesday. The company has a market capitalization of $15.73 billion, a PE ratio of 34.09, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a 50-day simple moving average of $257.35 and a two-hundred day simple moving average of $266.95. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Institutional Trading of Burlington Stores

Institutional investors have recently made changes to their positions in the business. Capital International Investors grew its position in Burlington Stores by 7.7% during the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock worth $1,470,929,000 after purchasing an additional 367,703 shares during the last quarter. SRS Investment Management LLC grew its holdings in Burlington Stores by 10.8% in the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock valued at $362,146,000 after purchasing an additional 123,973 shares during the period. Geode Capital Management LLC grew its stake in Burlington Stores by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock valued at $308,403,000 after acquiring an additional 8,892 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of Burlington Stores by 23.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock worth $299,772,000 after purchasing an additional 197,187 shares in the last quarter. Finally, Anomaly Capital Management LP increased its stake in Burlington Stores by 21.9% during the 4th quarter. Anomaly Capital Management LP now owns 961,281 shares of the company’s stock worth $274,023,000 after buying an additional 172,431 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently weighed in on BURL. Robert W. Baird upped their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Evercore ISI boosted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. UBS Group increased their price target on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday, March 7th. Citigroup dropped their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Morgan Stanley boosted their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $323.20.

Burlington Stores Company Profile

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.