Burlington Stores, Inc. (NYSE:BURL - Get Free Report) CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jennifer Vecchio also recently made the following trade(s):
- On Monday, February 3rd, Jennifer Vecchio sold 493 shares of Burlington Stores stock. The shares were sold at an average price of $275.75, for a total value 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 Trading Up 6.4 %
Shares of BURL stock opened at $248.84 on Tuesday. The stock has a market cap of $15.73 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The business has a fifty day simple moving average of $257.35 and a 200-day simple moving average of $266.95.
Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently commented on BURL. UBS Group upped their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Barclays upped their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Citigroup cut their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. TD Cowen upped their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, Robert W. Baird increased their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Burlington Stores currently has an average rating of "Moderate Buy" and an average price target of $323.20.
Read Our Latest Analysis on Burlington Stores
Hedge Funds Weigh In On Burlington Stores
A number of institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after acquiring an additional 40 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores during the 3rd quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Burlington Stores during the fourth quarter worth about $31,000. Finally, Brooklyn Investment Group acquired a new position in shares of Burlington Stores in the third quarter valued at approximately $33,000.
About Burlington Stores
(
Get Free Report)
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.
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