Burlington Stores Inc (BURL) CEO Sells $3,021,800.00 in Stock

Burlington Stores Inc (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $151.09, for a total transaction of $3,021,800.00. Following the completion of the transaction, the chief executive officer now owns 322,973 shares of the company’s stock, valued at $48,797,990.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Monday, September 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $168.28, for a total transaction of $3,365,600.00.
  • On Friday, August 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $159.62, for a total transaction of $3,192,400.00.

Shares of Burlington Stores stock traded up $4.82 during trading hours on Friday, reaching $155.48. 1,231,400 shares of the company’s stock were exchanged, compared to its average volume of 910,735. Burlington Stores Inc has a 1 year low of $87.20 and a 1 year high of $175.48. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 1.26 and a beta of 0.45. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 7.54.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.19. Burlington Stores had a net margin of 6.85% and a return on equity of 606.69%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that Burlington Stores Inc will post 6.22 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Hexavest Inc. purchased a new stake in shares of Burlington Stores in the third quarter valued at about $109,000. First Republic Investment Management Inc. purchased a new stake in shares of Burlington Stores in the second quarter valued at about $219,000. Zacks Investment Management purchased a new stake in shares of Burlington Stores in the second quarter valued at about $220,000. Alpine Global Management LLC purchased a new stake in shares of Burlington Stores in the first quarter valued at about $228,000. Finally, IPG Investment Advisors LLC purchased a new stake in shares of Burlington Stores in the second quarter valued at about $257,000.

Several equities research analysts recently commented on the stock. Citigroup boosted their price target on shares of Burlington Stores from $147.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, July 31st. Cowen set a $195.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a report on Tuesday, September 25th. Morgan Stanley boosted their price target on shares of Burlington Stores from $150.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday, August 31st. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a report on Tuesday, August 28th. Finally, Credit Suisse Group boosted their price target on shares of Burlington Stores from $165.00 to $178.00 and gave the stock an “outperform” rating in a report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $172.75.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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

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