Burlington Stores, Inc. (BURL) CEO Sells $2,430,800.00 in Stock

Burlington Stores, Inc. (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $121.54, for a total value of $2,430,800.00. Following the transaction, the chief executive officer now owns 406,808 shares in the company, valued at approximately $49,443,444.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, December 11th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $111.90, for a total value of $2,238,000.00.
  • On Friday, November 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $98.51, for a total value of $1,970,200.00.

Burlington Stores, Inc. (NYSE:BURL) traded up $3.58 during trading on Friday, reaching $125.88. The company’s stock had a trading volume of 1,140,000 shares, compared to its average volume of 1,030,000. Burlington Stores, Inc. has a 12-month low of $79.07 and a 12-month high of $126.69. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. The company has a market cap of $8,590.00, a price-to-earnings ratio of 33.04, a PEG ratio of 1.64 and a beta of 0.56.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.05. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. equities analysts expect that Burlington Stores, Inc. will post 4.28 earnings per share for the current year.

A number of brokerages have recently weighed in on BURL. Wells Fargo & Co set a $143.00 target price on Burlington Stores and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets set a $120.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. BidaskClub upgraded Burlington Stores from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Burlington Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, SunTrust Banks raised their price objective on Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Burlington Stores has an average rating of “Buy” and a consensus target price of $112.84.

Several hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its holdings in shares of Burlington Stores by 43.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 146,488 shares of the company’s stock valued at $13,984,000 after purchasing an additional 44,034 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Burlington Stores by 18.2% in the 3rd quarter. GSA Capital Partners LLP now owns 9,472 shares of the company’s stock valued at $904,000 after purchasing an additional 1,459 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of Burlington Stores in the 3rd quarter valued at $21,479,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Burlington Stores by 44.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,878 shares of the company’s stock valued at $276,000 after purchasing an additional 886 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Burlington Stores by 84.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,648 shares of the company’s stock valued at $1,780,000 after purchasing an additional 8,535 shares in the last quarter.

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About Burlington Stores

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)

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