Burlington Stores VP John Crimmins Unloads 4,114 Shares (BURL)
Burlington Stores (NASDAQ:BURL) VP John Crimmins sold 4,114 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $31.02, for a total transaction of $127,616.28. Following the completion of the transaction, the vice president now directly owns 7,326 shares in the company, valued at approximately $227,253. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Burlington Stores (NASDAQ:BURL) traded down 1.18% during mid-day trading on Thursday, hitting $31.01. 361,565 shares of the company’s stock traded hands. Burlington Stores has a 52-week low of $21.54 and a 52-week high of $32.98. The stock has a 50-day moving average of $28.70 and a 200-day moving average of $28.20. The company’s market cap is $2.297 billion.
Burlington Stores (NASDAQ:BURL) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Burlington Stores will post $1.38 earnings per share for the current fiscal year.
Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Burlington Stores in a research note on Friday, March 21st. They now have a $32.00 price target on the stock, up previously from $29.00. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $30.93.
Burlington Stores, Inc is a national off-price retailer of branded apparel, operating 503 stores, inclusive of an Internet store, in 44 states and Puerto Rico.
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