Insider Selling: Burlington Stores, Inc. (NYSE:BURL) CMO Sells 493 Shares of Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 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 Stock Down 1.4 %

BURL traded down $3.79 on Wednesday, reaching $268.27. 1,042,448 shares of the company traded hands, compared to its average volume of 712,755. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company has a market cap of $17.03 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 1.53 and a beta of 1.62. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The stock’s 50 day moving average price is $287.56 and its 200-day moving average price is $270.92.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on BURL shares. Barclays lowered their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. Morgan Stanley increased their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Citigroup increased their target price on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and increased their target price for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $317.87.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors have recently modified their holdings of BURL. Geode Capital Management LLC lifted its stake in Burlington Stores by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after buying an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares during the period. Jennison Associates LLC lifted its position in Burlington Stores by 2.4% during the third quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock worth $134,394,000 after purchasing an additional 12,143 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of Burlington Stores by 2.0% in the third quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company’s stock worth $106,441,000 after acquiring an additional 7,859 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in shares of Burlington Stores by 6.6% in the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock worth $113,151,000 after acquiring an additional 24,576 shares during the last quarter.

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.