Insider Selling: Burlington Stores Inc (BURL) CEO Sells 20,000 Shares of Stock

Burlington Stores Inc (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $117.91, for a total transaction of $2,358,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Thomas Kingsbury also recently made the following trade(s):

  • On Wednesday, January 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $121.54, for a total transaction of $2,430,800.00.
  • On Monday, December 11th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $111.90, for a total transaction of $2,238,000.00.

Shares of Burlington Stores Inc (NYSE:BURL) traded up $1.35 during trading on Wednesday, reaching $119.96. 612,089 shares of the company’s stock were exchanged, compared to its average volume of 914,610. The firm has a market capitalization of $8,190.00, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 1.24 and a beta of 0.48. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22. Burlington Stores Inc has a 12-month low of $79.07 and a 12-month high of $128.93.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. research analysts forecast that Burlington Stores Inc will post 4.28 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in BURL. Carillon Tower Advisers Inc. acquired a new stake in Burlington Stores during the fourth quarter worth about $122,030,000. Congress Asset Management Co. MA acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $87,410,000. Standard Life Aberdeen plc boosted its stake in shares of Burlington Stores by 662.1% in the 4th quarter. Standard Life Aberdeen plc now owns 679,165 shares of the company’s stock valued at $83,561,000 after purchasing an additional 590,048 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Burlington Stores by 50.6% in the 4th quarter. American Century Companies Inc. now owns 1,297,602 shares of the company’s stock valued at $159,644,000 after purchasing an additional 435,831 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of Burlington Stores by 318.6% in the 3rd quarter. Systematic Financial Management LP now owns 359,334 shares of the company’s stock valued at $34,302,000 after purchasing an additional 273,492 shares in the last quarter.

A number of equities analysts recently commented on BURL shares. BidaskClub lowered shares of Burlington Stores from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Buckingham Research reaffirmed a “buy” rating and set a $107.00 price target on shares of Burlington Stores in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Burlington Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 30th. Cowen set a $105.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, TheStreet raised shares of Burlington Stores from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $114.95.

WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/14/insider-selling-burlington-stores-inc-burl-ceo-sells-20000-shares-of-stock.html.

Burlington Stores Company Profile

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)

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.

Leave a Reply