Burlington Stores, Inc. (NYSE:BURL) EVP Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $95.37, for a total value of $228,888.00. Following the sale, the executive vice president now owns 46,013 shares of the company’s stock, valued at $4,388,259.81. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Monday, October 2nd, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The shares were sold at an average price of $94.16, for a total value of $225,984.00.
  • 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.

Shares of Burlington Stores, Inc. (NYSE BURL) traded up $2.42 during midday trading on Friday, reaching $97.77. The company’s stock had a trading volume of 1,216,701 shares, compared to its average volume of 949,349. The company has a market capitalization of $6.77 billion, a P/E ratio of 26.31 and a beta of 0.51.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.22. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Burlington Stores had a negative return on equity of 330.30% and a net margin of 4.46%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. equities research analysts expect that Burlington Stores, Inc. will post 4.23 EPS for the current year.

Burlington Stores declared that its Board of Directors has approved a stock buyback program on Thursday, August 24th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Trust N.A. increased its position in Burlington Stores by 1.1% in the 2nd quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock worth $350,000 after buying an additional 40 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Burlington Stores by 0.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock worth $517,000 after purchasing an additional 41 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Burlington Stores by 9.2% during the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after purchasing an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Burlington Stores by 6.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock worth $283,000 after purchasing an additional 191 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Burlington Stores by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after purchasing an additional 210 shares in the last quarter.

BURL has been the subject of several research reports. Cowen and Company set a $105.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Wednesday. SunTrust Banks, Inc. set a $109.00 price objective on Burlington Stores and gave the company a “buy” rating in a research note on Monday, October 16th. BidaskClub downgraded Burlington Stores from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BMO Capital Markets reissued a “buy” rating and issued a $115.00 price objective on shares of Burlington Stores in a research note on Wednesday, September 13th. Finally, Deutsche Bank AG started coverage on Burlington Stores in a research note on Thursday, September 14th. They issued a “buy” rating and a $108.00 price objective on the stock. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Burlington Stores has a consensus rating of “Buy” and a consensus target price of $105.66.

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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