Insider Selling: Burlington Stores Inc (BURL) Chairman Sells 20,000 Shares of Stock

Burlington Stores Inc (NYSE:BURL) Chairman Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $164.35, for a total value of $3,287,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Wednesday, April 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $156.61, for a total value of $3,132,200.00.
  • On Monday, March 11th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $143.19, for a total value of $2,863,800.00.

Shares of BURL stock traded up $3.70 during trading hours on Tuesday, reaching $159.64. The company’s stock had a trading volume of 1,023,697 shares, compared to its average volume of 1,201,295. The firm has a market cap of $10.61 billion, a P/E ratio of 24.79, a P/E/G ratio of 1.41 and a beta of 0.16. Burlington Stores Inc has a one year low of $134.59 and a one year high of $180.27. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.25 and a current ratio of 1.02.



Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 7th. The company reported $2.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.77 by $0.06. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.05 billion. Burlington Stores had a return on equity of 226.76% and a net margin of 6.22%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $3.59 EPS. As a group, equities analysts predict that Burlington Stores Inc will post 7 EPS for the current year.

Several analysts have weighed in on the company. Robert W. Baird assumed coverage on Burlington Stores in a report on Tuesday. They issued an “outperform” rating and a $200.00 price target on the stock. ValuEngine cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Monday. Loop Capital raised their price target on Burlington Stores to $200.00 and gave the company a “buy” rating in a report on Monday, May 6th. Credit Suisse Group raised their price target on Burlington Stores from $175.00 to $185.00 and gave the company a “market outperform” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank raised their price target on Burlington Stores from $164.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $179.79.

Several hedge funds have recently modified their holdings of BURL. Mackenzie Financial Corp lifted its stake in shares of Burlington Stores by 2.9% in the 4th quarter. Mackenzie Financial Corp now owns 2,939 shares of the company’s stock valued at $478,000 after purchasing an additional 82 shares during the period. Emerald Advisers LLC lifted its stake in shares of Burlington Stores by 0.7% in the 1st quarter. Emerald Advisers LLC now owns 13,444 shares of the company’s stock valued at $2,106,000 after purchasing an additional 87 shares during the period. Shine Investment Advisory Services Inc. lifted its stake in shares of Burlington Stores by 101.1% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock valued at $28,000 after purchasing an additional 91 shares during the period. Heritage Investors Management Corp lifted its stake in shares of Burlington Stores by 0.3% in the 4th quarter. Heritage Investors Management Corp now owns 36,443 shares of the company’s stock valued at $5,928,000 after purchasing an additional 92 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Burlington Stores by 4.4% in the 4th quarter. Captrust Financial Advisors now owns 2,312 shares of the company’s stock valued at $376,000 after purchasing an additional 97 shares during the period.

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Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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

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