Burlington Stores, Inc. (NYSE:BURL) CMO Sells $145,181.66 in Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Burlington Stores Price Performance

Shares of BURL stock traded up $4.93 during mid-day trading on Wednesday, reaching $290.77. The stock had a trading volume of 743,670 shares, compared to its average volume of 901,245. Burlington Stores, Inc. has a 12-month low of $173.21 and a 12-month high of $298.89. The company has a market cap of $18.46 billion, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 1.55 and a beta of 1.64. The business has a 50-day simple moving average of $263.53 and a 200 day simple moving average of $252.70. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

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

Hedge Funds Weigh In On Burlington Stores

Several hedge funds have recently bought and sold shares of the stock. M&T Bank Corp increased its position in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after buying an additional 47 shares in the last quarter. Tributary Capital Management LLC grew its position in shares of Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after purchasing an additional 50 shares during the period. GAMMA Investing LLC grew its position in shares of Burlington Stores by 20.4% in the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after purchasing an additional 53 shares during the period. Signaturefd LLC grew its position in shares of Burlington Stores by 9.1% in the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after purchasing an additional 54 shares during the period. Finally, Mount Lucas Management LP grew its position in shares of Burlington Stores by 2.4% in the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after purchasing an additional 54 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently commented on BURL. Wells Fargo & Company upped their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. UBS Group increased their price target on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Robert W. Baird raised their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley raised their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $307.69.

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.