Burlington Stores, Inc. (BURL) CEO Thomas Kingsbury Sells 20,000 Shares

Burlington Stores, Inc. (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $98.51, for a total value of $1,970,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thomas Kingsbury also recently made the following trade(s):

  • On Tuesday, October 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $92.29, for a total value of $1,845,800.00.
  • On Monday, September 11th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $87.81, for a total value of $1,756,200.00.

Burlington Stores, Inc. (NYSE BURL) traded down $0.05 during trading hours on Tuesday, hitting $98.25. The stock had a trading volume of 838,200 shares, compared to its average volume of 1,076,842. The company has a market capitalization of $6,780.00, a PE ratio of 26.35, a P/E/G ratio of 1.33 and a beta of 0.51. The company has a debt-to-equity ratio of -13.31, a quick ratio of 0.24 and a current ratio of 1.03. Burlington Stores, Inc. has a 52 week low of $73.13 and a 52 week high of $104.07.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.22. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Burlington Stores had a negative return on equity of 330.30% and a net margin of 4.46%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. equities analysts forecast that Burlington Stores, Inc. will post 4.24 earnings per share for the current fiscal year.

Burlington Stores announced that its board has authorized a stock buyback program on Thursday, August 24th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: This report was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://transcriptdaily.com/2017/11/15/burlington-stores-inc-burl-ceo-thomas-kingsbury-sells-20000-shares.html.

A number of research analysts recently commented on BURL shares. Deutsche Bank AG started coverage on Burlington Stores in a research note on Thursday, September 14th. They issued a “buy” rating and a $108.00 price target for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 price target on shares of Burlington Stores in a research note on Wednesday, September 13th. Cowen and Company set a $105.00 price target on Burlington Stores and gave the company a “buy” rating in a research note on Monday, August 14th. Buckingham Research reaffirmed a “buy” rating and issued a $107.00 price target on shares of Burlington Stores in a research note on Thursday, October 19th. Finally, SunTrust Banks, Inc. set a $109.00 price target on Burlington Stores and gave the company a “buy” rating in a research note on Monday, October 16th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Burlington Stores has an average rating of “Buy” and an average target price of $105.96.

Several large investors have recently added to or reduced their stakes in the company. Raymond James Trust N.A. grew its holdings in shares of Burlington Stores by 1.1% during the second quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock worth $350,000 after purchasing an additional 40 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Burlington Stores by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock worth $517,000 after purchasing an additional 41 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Burlington Stores by 9.2% during the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after purchasing an additional 128 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Burlington Stores by 6.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock worth $283,000 after purchasing an additional 191 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Burlington Stores by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after purchasing an additional 210 shares during the last quarter.

Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

Insider Buying and Selling by Quarter for Burlington Stores (NYSE:BURL)

Receive News & Ratings for Burlington Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply