Insider Selling: Burlington Stores Inc (BURL) CFO Sells 7,500 Shares of Stock

Burlington Stores Inc (NYSE:BURL) CFO Marc Katz sold 7,500 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $173.00, for a total value of $1,297,500.00. Following the transaction, the chief financial officer now owns 107,757 shares in the company, valued at $18,641,961. The sale was disclosed in a document filed with the SEC, which is available at this link.

Marc Katz also recently made the following trade(s):

  • On Wednesday, October 3rd, Marc Katz sold 7,500 shares of Burlington Stores stock. The shares were sold at an average price of $155.25, for a total value of $1,164,375.00.
  • On Tuesday, September 4th, Marc Katz sold 7,500 shares of Burlington Stores stock. The shares were sold at an average price of $172.46, for a total value of $1,293,450.00.

Shares of Burlington Stores stock traded down $0.80 during trading hours on Wednesday, hitting $171.32. 1,185,300 shares of the company’s stock traded hands, compared to its average volume of 925,513. Burlington Stores Inc has a 12-month low of $96.04 and a 12-month high of $177.88. The firm has a market cap of $11.70 billion, a PE ratio of 39.20, a P/E/G ratio of 1.34 and a beta of 0.37. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.05 and a quick ratio of 0.29.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the firm posted $0.72 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that Burlington Stores Inc will post 6.22 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its holdings in Burlington Stores by 39.7% in the 2nd quarter. FMR LLC now owns 3,445,692 shares of the company’s stock worth $518,680,000 after acquiring an additional 979,815 shares during the last quarter. BlackRock Inc. increased its holdings in Burlington Stores by 6.8% in the 2nd quarter. BlackRock Inc. now owns 3,135,632 shares of the company’s stock worth $472,007,000 after acquiring an additional 199,902 shares during the last quarter. American Century Companies Inc. increased its holdings in Burlington Stores by 13.9% in the 3rd quarter. American Century Companies Inc. now owns 2,611,050 shares of the company’s stock worth $425,392,000 after acquiring an additional 319,216 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Burlington Stores by 5.6% in the 3rd quarter. Wells Fargo & Company MN now owns 2,154,801 shares of the company’s stock worth $351,061,000 after acquiring an additional 114,908 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Burlington Stores by 1,187.5% in the 2nd quarter. Renaissance Technologies LLC now owns 875,500 shares of the company’s stock worth $131,789,000 after acquiring an additional 807,500 shares during the last quarter.

Several equities analysts have weighed in on BURL shares. Cowen raised their price objective on Burlington Stores from $175.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. DA Davidson began coverage on Burlington Stores in a research note on Wednesday, September 26th. They set a “buy” rating and a $187.00 price objective on the stock. SunTrust Banks raised their target price on Burlington Stores to $189.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Barclays began coverage on Burlington Stores in a research report on Tuesday, September 11th. They set an “overweight” rating and a $194.00 target price for the company. Finally, Wells Fargo & Co raised their target price on Burlington Stores from $165.00 to $178.00 and gave the company an “outperform” rating in a research report on Friday, August 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Burlington Stores currently has a consensus rating of “Buy” and a consensus price target of $172.75.

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About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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