Jennifer Vecchio Sells 17,016 Shares of Burlington Stores Inc (NYSE:BURL) Stock

Burlington Stores Inc (NYSE:BURL) CMO Jennifer Vecchio sold 17,016 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $226.00, for a total value of $3,845,616.00. Following the completion of the sale, the chief marketing officer now directly owns 40,060 shares of the company’s stock, valued at $9,053,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, September 26th, Jennifer Vecchio sold 15,000 shares of Burlington Stores stock. The shares were sold at an average price of $198.87, for a total value of $2,983,050.00.

NYSE:BURL opened at $222.67 on Thursday. The firm has a market capitalization of $14.91 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.96 and a beta of 0.26. The stock has a 50 day moving average of $204.89 and a 200-day moving average of $185.69. Burlington Stores Inc has a 52 week low of $136.30 and a 52 week high of $229.96. The company has a current ratio of 0.88, a quick ratio of 0.26 and a debt-to-equity ratio of 8.28.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.14. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. Burlington Stores had a return on equity of 145.12% and a net margin of 6.26%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 earnings per share. As a group, analysts predict that Burlington Stores Inc will post 7.34 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Carillon Tower Advisers Inc. grew its holdings in shares of Burlington Stores by 0.9% during the second quarter. Carillon Tower Advisers Inc. now owns 577,172 shares of the company’s stock valued at $98,205,000 after purchasing an additional 5,326 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Burlington Stores by 1.0% during the second quarter. Northern Trust Corp now owns 414,586 shares of the company’s stock valued at $70,542,000 after purchasing an additional 3,976 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of Burlington Stores by 10.8% during the second quarter. Primecap Management Co. CA now owns 36,900 shares of the company’s stock valued at $6,279,000 after purchasing an additional 3,600 shares during the last quarter. UBS Group AG grew its holdings in shares of Burlington Stores by 143.1% during the second quarter. UBS Group AG now owns 58,513 shares of the company’s stock valued at $9,956,000 after purchasing an additional 34,443 shares during the last quarter. Finally, Redwood Investment Management LLC grew its holdings in shares of Burlington Stores by 36.0% during the third quarter. Redwood Investment Management LLC now owns 5,168 shares of the company’s stock valued at $1,033,000 after purchasing an additional 1,368 shares during the last quarter.

Several analysts recently weighed in on the company. Wells Fargo & Co reissued a “buy” rating on shares of Burlington Stores in a report on Thursday, August 29th. Evercore ISI reissued a “buy” rating on shares of Burlington Stores in a report on Thursday, November 28th. Goldman Sachs Group set a $197.00 price objective on Burlington Stores and gave the company a “hold” rating in a report on Friday, August 30th. They noted that the move was a valuation call. Credit Suisse Group boosted their price objective on Burlington Stores from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Burlington Stores from $237.00 to $242.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $230.17.

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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