Burlington Stores, Inc. (NYSE:BURL) CMO Sells $135,944.75 in Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jennifer Vecchio also recently made the following trade(s):

• On Thursday, January 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30.
• On Monday, December 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66.

Burlington Stores Stock Performance

NYSE:BURL opened at $268.27 on Thursday. The firm’s 50-day moving average is $287.15 and its 200-day moving average is $270.90. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market cap of $17.03 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 1.53 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Institutional Trading of Burlington Stores

Institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Burlington Stores by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock valued at $38,350,000 after acquiring an additional 3,246 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in shares of Burlington Stores during the 3rd quarter valued at about $764,000. Logan Capital Management Inc. boosted its position in shares of Burlington Stores by 9.1% during the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after acquiring an additional 4,695 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Burlington Stores during the 4th quarter valued at about $265,000. Finally, Dai ichi Life Insurance Company Ltd acquired a new stake in shares of Burlington Stores during the 3rd quarter valued at about $1,190,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on BURL. Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Barclays decreased their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Robert W. Baird raised their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. TD Cowen raised their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $317.87.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.