Insider Selling: Burlington Stores Inc (NYSE:BURL) EVP Sells $1,688,752.00 in Stock

Burlington Stores Inc (NYSE:BURL) EVP Joyce Manning Magrini sold 7,475 shares of Burlington Stores stock in a transaction on Friday, November 29th. The stock was sold at an average price of $225.92, for a total value of $1,688,752.00. Following the transaction, the executive vice president now owns 12,783 shares in the company, valued at approximately $2,887,935.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE BURL opened at $222.71 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.26 and a debt-to-equity ratio of 8.28. The stock has a market capitalization of $14.91 billion, a PE ratio of 34.58, a PEG ratio of 1.96 and a beta of 0.26. Burlington Stores Inc has a twelve month low of $136.30 and a twelve month high of $229.96. The stock has a fifty day simple moving average of $205.27 and a 200-day simple moving average of $185.97.

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

Several equities research analysts recently issued reports on the stock. Nomura raised their price objective on shares of Burlington Stores from $220.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird set a $215.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Tuesday, September 17th. Cowen upped their price objective on Burlington Stores from $225.00 to $245.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Telsey Advisory Group raised their target price on Burlington Stores from $210.00 to $225.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Finally, Citigroup set a $206.00 target price on Burlington Stores and gave the stock a “hold” rating in a research note on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Burlington Stores presently has an average rating of “Buy” and an average price target of $230.17.

Large investors have recently modified their holdings of the business. Carillon Tower Advisers Inc. increased its stake in Burlington Stores by 0.9% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 577,172 shares of the company’s stock worth $98,205,000 after buying an additional 5,326 shares during the period. Northern Trust Corp boosted its position in Burlington Stores by 1.0% in the 2nd quarter. Northern Trust Corp now owns 414,586 shares of the company’s stock valued at $70,542,000 after buying an additional 3,976 shares during the period. Primecap Management Co. CA grew its stake in shares of Burlington Stores by 10.8% in the second quarter. Primecap Management Co. CA now owns 36,900 shares of the company’s stock worth $6,279,000 after acquiring an additional 3,600 shares in the last quarter. UBS Group AG grew its stake in shares of Burlington Stores by 143.1% in the second quarter. UBS Group AG now owns 58,513 shares of the company’s stock worth $9,956,000 after acquiring an additional 34,443 shares in the last quarter. Finally, Redwood Investment Management LLC increased its position 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 worth $1,033,000 after acquiring an additional 1,368 shares during the period.

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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