Burlington (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $137.13, for a total value of $2,742,600.00. Following the completion of the transaction, the chief executive officer now directly owns 355,273 shares of the company’s stock, valued at approximately $48,718,586.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Thomas Kingsbury also recently made the following trade(s):
- On Monday, March 12th, Thomas Kingsbury sold 20,000 shares of Burlington stock. The stock was sold at an average price of $125.84, for a total value of $2,516,800.00.
- On Monday, February 12th, Thomas Kingsbury sold 20,000 shares of Burlington stock. The stock was sold at an average price of $117.91, for a total value of $2,358,200.00.
Burlington stock opened at $137.76 on Friday. The stock has a market cap of $9,360.88, a price-to-earnings ratio of 31.52, a PEG ratio of 1.28 and a beta of 0.42. Burlington has a 52-week low of $79.07 and a 52-week high of $138.45. The company has a quick ratio of 0.31, a current ratio of 0.98 and a debt-to-equity ratio of 12.84.
Burlington (NYSE:BURL) last released its quarterly earnings results on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.08. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.89 billion. Burlington had a negative return on equity of 754.89% and a net margin of 6.31%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. sell-side analysts expect that Burlington will post 5.76 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the company. Morgan Stanley boosted their target price on Burlington from $132.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets set a $145.00 target price on Burlington and gave the stock a “buy” rating in a research report on Thursday, March 8th. Buckingham Research reissued a “buy” rating and issued a $150.00 target price (up previously from $143.00) on shares of Burlington in a research report on Friday, March 9th. Loop Capital started coverage on Burlington in a research report on Thursday, March 8th. They issued a “buy” rating and a $150.00 target price for the company. Finally, ValuEngine upgraded Burlington from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Burlington presently has a consensus rating of “Buy” and an average price target of $130.19.
Several large investors have recently made changes to their positions in BURL. Legal & General Group Plc grew its stake in shares of Burlington 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 acquiring an additional 5,484 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Burlington by 8.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 301,349 shares of the company’s stock valued at $28,766,000 after acquiring an additional 23,278 shares during the period. OxFORD Asset Management LLP grew its stake in shares of Burlington by 113.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 24,223 shares of the company’s stock valued at $2,322,000 after acquiring an additional 12,885 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of Burlington during the 3rd quarter valued at approximately $8,399,000. Finally, Vident Investment Advisory LLC bought a new position in shares of Burlington during the 3rd quarter valued at approximately $230,000.
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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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