Burlington Stores, Inc. (NYSE:BURL) CMO Sells $1,185,063.66 in Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the sale, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, February 3rd, Jennifer Vecchio sold 493 shares of Burlington Stores stock. The stock was sold at an average price of $275.75, for a total value of $135,944.75.
• On Thursday, January 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30.

Burlington Stores Stock Up 6.4 %

BURL traded up $14.88 on Monday, hitting $248.84. 1,010,071 shares of the company were exchanged, compared to its average volume of 1,123,764. The stock’s fifty day moving average is $258.08 and its 200-day moving average is $267.08. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month 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 $15.73 billion, a PE ratio of 34.09, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Burlington Stores

Large investors have recently modified their holdings of the stock. Capital International Investors grew its position in shares of Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock valued at $1,470,929,000 after purchasing an additional 367,703 shares during the last quarter. SRS Investment Management LLC raised its holdings in Burlington Stores by 10.8% in the 4th quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock valued at $362,146,000 after acquiring an additional 123,973 shares in the last quarter. Geode Capital Management LLC lifted its position in Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock worth $308,403,000 after purchasing an additional 8,892 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of Burlington Stores by 23.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock worth $299,772,000 after acquiring an additional 197,187 shares during the period. Finally, Anomaly Capital Management LP increased its stake in Burlington Stores by 21.9% in the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company’s stock valued at $274,023,000 after acquiring an additional 172,431 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on BURL shares. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Barclays boosted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Citigroup decreased their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, Evercore ISI increased their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

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.