Insider Selling: Burlington Stores, Inc. (NYSE:BURL) CMO Sells 494 Shares of Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Jennifer Vecchio also recently made the following trade(s):

• On Monday, December 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The shares were sold at an average price of $293.89, for a total value of $145,181.66.

Burlington Stores Stock Up 1.6 %

Burlington Stores stock opened at $285.63 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market cap of $18.13 billion, a PE ratio of 39.13, a price-to-earnings-growth ratio of 1.58 and a beta of 1.63. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The firm’s 50-day simple moving average is $279.54 and its 200 day simple moving average is $264.73.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. Research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Burlington Stores

Large investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the third quarter valued at about $26,000. Brooklyn Investment Group bought a new position in shares of Burlington Stores during the 3rd quarter valued at approximately $33,000. UMB Bank n.a. grew its position in shares of Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the period. AM Squared Ltd bought a new stake in shares of Burlington Stores in the 3rd quarter worth approximately $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Burlington Stores in the third quarter valued at approximately $57,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on BURL shares. Morgan Stanley lifted their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Evercore ISI upped their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Citigroup raised their target price on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Robert W. Baird upped their price target on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Barclays reduced their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $308.00.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.