Insider Selling: Burlington Stores Inc (NYSE:BURL) Insider Sells $293,184.00 in Stock

Burlington Stores Inc (NYSE:BURL) insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $122.16, for a total value of $293,184.00. Following the transaction, the insider now owns 38,214 shares of the company’s stock, valued at approximately $4,668,222.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Joyce Manning Magrini also recently made the following trade(s):

  • On Tuesday, January 2nd, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The shares were sold at an average price of $122.98, for a total transaction of $295,152.00.
  • On Friday, December 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The shares were sold at an average price of $107.75, for a total transaction of $258,600.00.

Shares of Burlington Stores Inc (BURL) opened at $117.76 on Wednesday. Burlington Stores Inc has a 1-year low of $79.07 and a 1-year high of $128.93. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22. The company has a market cap of $8,090.00, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 1.24 and a beta of 0.48.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue 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.

Hedge funds have recently bought and sold shares of the company. Artemis Investment Management LLP purchased a new stake in shares of Burlington Stores during the 3rd quarter worth about $18,202,000. Zweig DiMenna Associates LLC acquired a new position in shares of Burlington Stores during the 3rd quarter worth about $2,644,000. Legal & General Group Plc raised its position in shares of Burlington Stores by 13.2% during the 3rd quarter. Legal & General Group Plc now owns 47,146 shares of the company’s stock worth $4,503,000 after purchasing an additional 5,484 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Burlington Stores during the 3rd quarter worth about $584,000. Finally, Caxton Associates LP acquired a new position in shares of Burlington Stores during the 3rd quarter worth about $3,580,000.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Wednesday, January 24th. Wells Fargo & Co set a $143.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a research note on Thursday, January 11th. Cowen set a $132.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a research note on Monday, December 11th. SunTrust Banks boosted their price objective on shares of Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $115.00 price objective (up previously from $104.00) on shares of Burlington Stores in a research note on Wednesday, November 22nd. Three 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 $114.95.

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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.

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

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