Burlington Stores, Inc. (NYSE:BURL – Get Free Report) CMO Jennifer Vecchio sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $271.53, for a total transaction of $455,627.34. Following the completion of the transaction, the chief marketing officer directly owned 74,305 shares of the company’s stock, valued at approximately $20,176,036.65. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Jennifer Vecchio also recently made the following trade(s):
- On Monday, August 3rd, Jennifer Vecchio sold 1,678 shares of Burlington Stores stock. The shares were sold at an average price of $369.04, for a total transaction of $619,249.12.
Burlington Stores Stock Performance
BURL stock traded down $3.13 during midday trading on Monday, reaching $272.21. 1,099,906 shares of the company’s stock traded hands, compared to its average volume of 955,530. The firm has a market capitalization of $17.10 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43. The company has a 50-day moving average price of $300.16 and a two-hundred day moving average price of $315.77. Burlington Stores, Inc. has a 52 week low of $226.85 and a 52 week high of $378.33. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.47 and a current ratio of 1.17.
Analyst Upgrades and Downgrades
BURL has been the topic of several analyst reports. Evercore reiterated an “outperform” rating and set a $400.00 price target on shares of Burlington Stores in a research report on Monday, August 17th. Citigroup cut their price objective on shares of Burlington Stores from $380.00 to $318.00 and set a “neutral” rating for the company in a research report on Friday, August 28th. Morgan Stanley reduced their price objective on shares of Burlington Stores from $438.00 to $432.00 and set an “overweight” rating for the company in a research note on Friday, August 28th. The Goldman Sachs Group decreased their target price on shares of Burlington Stores from $394.00 to $382.00 and set a “buy” rating on the stock in a report on Monday, August 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Burlington Stores from $367.00 to $323.00 and set a “hold” rating on the stock in a research note on Friday, August 28th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus target price of $370.75.
Read Our Latest Report on BURL
Institutional Trading of Burlington Stores
Large investors have recently modified their holdings of the business. B. Metzler seel. Sohn & Co. AG purchased a new position in Burlington Stores during the 2nd quarter valued at about $3,210,000. Bull Harbor Capital LLC purchased a new stake in Burlington Stores in the first quarter worth $1,091,000. Advisors Capital Management LLC purchased a new position in Burlington Stores during the 2nd quarter valued at $3,133,000. Sculptor Capital LP bought a new position in Burlington Stores in the 2nd quarter worth $56,549,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Burlington Stores in the 2nd quarter worth about $503,000.
About Burlington Stores
Burlington Stores, Inc is an off-price retailer operating under the Burlington brand. The company offers a broad assortment of branded and private-label merchandise at prices generally below those of department stores and specialty retailers.
Its product categories include women’s, men’s and children’s clothing; footwear; accessories; beauty products; home goods; and baby merchandise. Burlington’s stores typically feature a continuously changing selection sourced through opportunistic purchasing, allowing the company to offer seasonal and fashion-oriented products across multiple departments.
The company was founded in 1972 as Burlington Coat Factory Warehouse Corporation and initially focused on selling coats and outerwear.
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