Insider Selling: Burlington Stores, Inc. (NYSE:BURL) CMO Sells 4,939 Shares of Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 stock was sold at an average price of $284.95, for a total value of $140,765.30.

Burlington Stores Trading Down 1.5 %

NYSE BURL opened at $244.88 on Wednesday. The company has a market cap of $15.48 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. 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 50-day moving average of $256.57 and a 200-day moving average of $266.84.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Argonautica Private Wealth Management Inc. lifted its position in Burlington Stores by 1.1% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock valued at $1,063,000 after buying an additional 39 shares in the last quarter. IFP Advisors Inc boosted its position in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares during the period. Legacy Capital Wealth Partners LLC increased its holdings in Burlington Stores by 4.2% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after purchasing an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after purchasing an additional 46 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after purchasing an additional 47 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on BURL. Citigroup dropped their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. UBS Group raised their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Morgan Stanley upped their target price on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, Robert W. Baird upped their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

About Burlington Stores

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.