Burlington Stores, Inc. (NYSE:BURL) insider Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $94.16, for a total value of $225,984.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Joyce Manning Magrini also recently made the following trade(s):

  • On Friday, September 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The shares were sold at an average price of $88.00, for a total value of $211,200.00.
  • On Tuesday, August 1st, Joyce Manning Magrini sold 3,335 shares of Burlington Stores stock. The shares were sold at an average price of $88.12, for a total value of $293,880.20.

Shares of Burlington Stores, Inc. (NYSE BURL) traded down 0.58% during trading on Wednesday, hitting $94.56. The company had a trading volume of 766,384 shares. The firm’s 50 day moving average is $88.54 and its 200-day moving average is $92.26. Burlington Stores, Inc. has a 52 week low of $68.94 and a 52 week high of $104.07. The stock has a market capitalization of $6.44 billion, a P/E ratio of 26.12 and a beta of 0.53.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.22. Burlington Stores had a negative return on equity of 330.30% and a net margin of 4.46%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Burlington Stores, Inc. will post $4.20 EPS for the current fiscal year.

Burlington Stores declared that its Board of Directors has approved a share repurchase plan on Thursday, August 24th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in Burlington Stores by 62.1% during the second quarter. Public Employees Retirement System of Ohio now owns 102,454 shares of the company’s stock valued at $9,425,000 after buying an additional 39,256 shares during the last quarter. 361 Capital LLC boosted its stake in Burlington Stores by 596.5% during the second quarter. 361 Capital LLC now owns 71,220 shares of the company’s stock valued at $6,552,000 after buying an additional 60,995 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Burlington Stores by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after buying an additional 210 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Burlington Stores by 24.4% during the second quarter. Cubist Systematic Strategies LLC now owns 10,113 shares of the company’s stock valued at $930,000 after buying an additional 1,982 shares during the last quarter. Finally, Point72 Europe London LLP bought a new position in Burlington Stores during the second quarter valued at approximately $1,039,000.

A number of analysts have recently issued reports on BURL shares. BidaskClub upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Deutsche Bank AG started coverage on Burlington Stores in a research report on Thursday, September 14th. They set a “buy” rating and a $108.00 price target for the company. Cowen and Company reiterated an “outperform” rating and set a $110.00 price target on shares of Burlington Stores in a research report on Friday, June 23rd. Morgan Stanley reiterated an “overweight” rating and set a $107.00 price target (up previously from $105.00) on shares of Burlington Stores in a research report on Friday, August 25th. Finally, TheStreet downgraded Burlington Stores from a “b-” rating to a “c+” rating in a research report on Friday, June 23rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $105.75.

About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

Insider Buying and Selling by Quarter for Burlington Stores (NYSE:BURL)

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