Burlington Stores, Inc. (NYSE:BURL) insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total value of $295,152.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Joyce Manning Magrini also recently made the following trade(s):
- On Friday, December 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The stock was sold at an average price of $107.75, for a total value of $258,600.00.
- On Wednesday, November 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The stock was sold at an average price of $95.37, for a total value of $228,888.00.
Burlington Stores, Inc. (NYSE:BURL) traded up $1.12 during trading hours on Thursday, reaching $122.47. The company’s stock had a trading volume of 1,150,000 shares, compared to its average volume of 1,100,000. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. Burlington Stores, Inc. has a 52 week low of $79.07 and a 52 week high of $125.82. The stock has a market cap of $8,360.00, a PE ratio of 32.14, a PEG ratio of 1.63 and a beta of 0.56.
BURL has been the topic of several recent analyst reports. BMO Capital Markets restated a “buy” rating and set a $115.00 price objective on shares of Burlington Stores in a report on Wednesday, September 13th. Deutsche Bank initiated coverage on Burlington Stores in a report on Thursday, September 14th. They set a “buy” rating and a $108.00 price objective on the stock. BidaskClub downgraded Burlington Stores from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. SunTrust Banks set a $109.00 target price on Burlington Stores and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Buckingham Research reaffirmed a “buy” rating and set a $107.00 target price on shares of Burlington Stores in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $110.49.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Managed Accounts LLC bought a new stake in shares of Burlington Stores in the 3rd quarter valued at approximately $114,000. Advisor Group Inc. grew its stake in shares of Burlington Stores by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after buying an additional 128 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Burlington Stores in the 3rd quarter valued at approximately $143,000. The Manufacturers Life Insurance Company grew its stake in shares of Burlington Stores by 10.3% in the 2nd 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 in the last quarter. Finally, Vident Investment Advisory LLC bought a new stake in shares of Burlington Stores in the 3rd quarter valued at approximately $230,000.
WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/04/burlington-stores-inc-burl-insider-sells-295152-00-in-stock.html.
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.
Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.