Burlington Stores, Inc. (NYSE:BURL) EVP Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $107.75, for a total value of $258,600.00. Following the transaction, the executive vice president now directly owns 45,014 shares of the company’s stock, valued at approximately $4,850,258.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Joyce Manning Magrini also recently made the following trade(s):
- On Wednesday, November 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The shares were sold at an average price of $95.37, for a total value of $228,888.00.
- On Monday, October 2nd, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The shares were sold at an average price of $94.16, for a total value of $225,984.00.
Burlington Stores, Inc. (BURL) traded down $1.31 during midday trading on Tuesday, reaching $110.24. The company had a trading volume of 842,240 shares, compared to its average volume of 1,089,168. Burlington Stores, Inc. has a 52 week low of $79.07 and a 52 week high of $114.99. The company has a market cap of $7,424.00, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.45 and a beta of 0.56. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $0.51 EPS. Burlington Stores’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts anticipate that Burlington Stores, Inc. will post 4.28 EPS for the current year.
Burlington Stores announced that its board has approved a stock repurchase program on Thursday, August 24th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its holdings in Burlington Stores by 106.4% in the 2nd quarter. Prudential Financial Inc. now owns 799,810 shares of the company’s stock worth $73,575,000 after buying an additional 412,380 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in Burlington Stores by 582.2% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 483,077 shares of the company’s stock worth $44,438,000 after buying an additional 412,262 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Burlington Stores in the 3rd quarter worth about $18,202,000. Teacher Retirement System of Texas increased its holdings in Burlington Stores by 0.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock worth $517,000 after buying an additional 41 shares in the last quarter. Finally, 1060 Capital LLC bought a new stake in Burlington Stores in the 2nd quarter worth about $27,597,000.
Several equities analysts have commented on BURL shares. Deutsche Bank initiated coverage on Burlington Stores in a research report on Thursday, September 14th. They set a “buy” rating and a $108.00 price objective for the company. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Wednesday, November 1st. Cowen restated a “buy” rating and set a $115.00 price target on shares of Burlington Stores in a report on Tuesday, November 21st. Buckingham Research restated a “buy” rating and set a $107.00 price target on shares of Burlington Stores in a report on Thursday, October 19th. Finally, TheStreet upgraded Burlington Stores from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $109.49.
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Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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