Insider Selling: Burlington Stores, Inc. (NYSE:BURL) CMO Sells $140,765.30 in Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Trading Up 1.6 %

Shares of BURL stock opened at $285.63 on Thursday. The stock has a market cap of $18.13 billion, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 1.58 and a beta of 1.63. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a 50 day simple moving average of $279.54 and a 200 day simple moving average of $264.73.

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

Hedge Funds Weigh In On Burlington Stores

Several hedge funds have recently bought and sold shares of BURL. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Burlington Stores by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after acquiring an additional 3,246 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in Burlington Stores in the third quarter valued at approximately $764,000. Logan Capital Management Inc. increased its holdings in shares of Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after buying an additional 4,695 shares in the last quarter. Dai ichi Life Insurance Company Ltd bought a new position in shares of Burlington Stores during the third quarter valued at $1,190,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Burlington Stores by 5.5% during the second quarter. Hsbc Holdings PLC now owns 43,486 shares of the company’s stock worth $10,435,000 after purchasing an additional 2,258 shares during the period.

Analysts Set New Price Targets

BURL has been the topic of several research analyst reports. Citigroup upped their price objective on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group increased their price target on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. TD Cowen lifted their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barclays cut their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $308.00.

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.