Burlington Stores Inc (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $125.84, for a total value of $2,516,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Thomas Kingsbury also recently made the following trade(s):
- On Monday, February 12th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $117.91, for a total value of $2,358,200.00.
- On Wednesday, January 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $121.54, for a total value of $2,430,800.00.
Burlington Stores Inc (BURL) traded up $0.89 during mid-day trading on Thursday, hitting $128.05. The stock had a trading volume of 1,087,444 shares, compared to its average volume of 989,634. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. Burlington Stores Inc has a fifty-two week low of $79.07 and a fifty-two week high of $130.00. The firm has a market capitalization of $8,673.62, a price-to-earnings ratio of 23.47, a P/E/G ratio of 1.18 and a beta of 0.48.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.08. Burlington Stores had a negative return on equity of 367.54% and a net margin of 6.31%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm earned $1.78 EPS. Burlington Stores’s quarterly revenue was up 14.9% on a year-over-year basis. research analysts expect that Burlington Stores Inc will post 5.77 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Swiss National Bank grew its stake in Burlington Stores by 0.7% during the 4th quarter. Swiss National Bank now owns 117,500 shares of the company’s stock valued at $14,456,000 after purchasing an additional 800 shares in the last quarter. Nicholas Investment Partners LP grew its stake in Burlington Stores by 23.7% during the 4th quarter. Nicholas Investment Partners LP now owns 146,654 shares of the company’s stock valued at $18,043,000 after purchasing an additional 28,085 shares in the last quarter. Legal & General Group Plc grew its stake in Burlington Stores by 13.2% during the 3rd quarter. Legal & General Group Plc now owns 47,146 shares of the company’s stock valued at $4,503,000 after purchasing an additional 5,484 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Burlington Stores during the 4th quarter valued at approximately $3,589,000. Finally, Boothbay Fund Management LLC acquired a new stake in Burlington Stores during the 3rd quarter valued at approximately $584,000.
Several equities research analysts have commented on the company. BMO Capital Markets restated an “outperform” rating on shares of Burlington Stores in a research note on Friday, March 9th. Citigroup assumed coverage on Burlington Stores in a research note on Sunday. They set a “buy” rating and a $57.00 price target for the company. Wolfe Research restated an “outperform” rating and set a $146.00 price target (up from $139.00) on shares of Burlington Stores in a research note on Friday, March 9th. MKM Partners set a $150.00 price target on Burlington Stores and gave the stock a “buy” rating in a research note on Monday. Finally, Buckingham Research restated a “buy” rating and set a $150.00 price target (up from $143.00) on shares of Burlington Stores in a research note on Friday, March 9th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $129.43.
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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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