Burlington (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $125.84, for a total transaction of $2,516,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Thomas Kingsbury also recently made the following trade(s):
- On Monday, February 12th, Thomas Kingsbury sold 20,000 shares of Burlington stock. The shares were sold at an average price of $117.91, for a total transaction of $2,358,200.00.
- On Wednesday, January 10th, Thomas Kingsbury sold 20,000 shares of Burlington stock. The shares were sold at an average price of $121.54, for a total transaction of $2,430,800.00.
BURL stock opened at $136.94 on Friday. The company has a market cap of $9,358.83, a PE ratio of 31.74, a PEG ratio of 1.28 and a beta of 0.42. The company has a debt-to-equity ratio of 12.84, a quick ratio of 0.31 and a current ratio of 0.98. Burlington has a one year low of $79.07 and a one year high of $138.45.
Burlington (NYSE:BURL) last released its quarterly earnings results on Thursday, March 8th. The company reported $2.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.08. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.89 billion. Burlington had a net margin of 6.31% and a negative return on equity of 754.89%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. analysts forecast that Burlington will post 5.76 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Focused Wealth Management Inc acquired a new stake in Burlington in the 4th quarter valued at approximately $101,000. YorkBridge Wealth Partners LLC acquired a new stake in Burlington in the 4th quarter valued at approximately $106,000. Captrust Financial Advisors acquired a new stake in Burlington in the 4th quarter valued at approximately $110,000. FNY Managed Accounts LLC acquired a new stake in Burlington in the 3rd quarter valued at approximately $114,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Burlington in the 3rd quarter valued at approximately $143,000.
BURL has been the topic of a number of research reports. Cowen set a $132.00 target price on shares of Burlington and gave the stock a “buy” rating in a research note on Monday, December 11th. Wolfe Research reissued an “outperform” rating and issued a $146.00 target price (up from $139.00) on shares of Burlington in a research note on Friday, March 9th. Zacks Investment Research lowered shares of Burlington from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. SunTrust Banks set a $145.00 target price on shares of Burlington and gave the stock a “buy” rating in a research note on Thursday, March 8th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Burlington in a research note on Friday, March 9th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Burlington currently has a consensus rating of “Buy” and a consensus target price of $129.43.
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Burlington Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including ladies sportswear, menswear, youth apparel, baby furniture, footwear, accessories, home décor and gifts, and coats. It operates 629 stores, including an Internet store in 45 states and Puerto Rico.
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