Paul Sullivan Sells 1,705 Shares of Burlington Stores, Inc. (NYSE:BURL) Stock

Burlington Stores, Inc. (NYSE:BURL) Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Burlington Stores Stock Performance

Burlington Stores stock opened at $273.02 on Wednesday. The company has a market cap of $17.43 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $282.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The stock’s 50-day moving average is $261.80 and its 200-day moving average is $230.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the company posted $0.60 earnings per share. Burlington Stores’s revenue was up 13.4% compared to the same quarter last year. Equities analysts anticipate that Burlington Stores, Inc. will post 7.86 earnings per share for the current year.

Institutional Trading of Burlington Stores

Several large investors have recently added to or reduced their stakes in BURL. Dimensional Fund Advisors LP grew its stake in shares of Burlington Stores by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 368,093 shares of the company’s stock valued at $71,595,000 after buying an additional 9,727 shares in the last quarter. UBS Group AG raised its stake in shares of Burlington Stores by 35.6% during the fourth quarter. UBS Group AG now owns 114,442 shares of the company’s stock valued at $22,257,000 after purchasing an additional 30,056 shares during the period. Harvest Investment Services LLC acquired a new position in shares of Burlington Stores during the fourth quarter worth $539,000. Boulder Hill Capital Management LP purchased a new position in shares of Burlington Stores in the fourth quarter valued at $2,237,000. Finally, Alberta Investment Management Corp grew its holdings in Burlington Stores by 100.0% during the 4th quarter. Alberta Investment Management Corp now owns 3,200 shares of the company’s stock valued at $622,000 after purchasing an additional 1,600 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BURL shares. Citigroup boosted their price target on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Evercore ISI boosted their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Monday, August 19th. Wells Fargo & Company boosted their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Bank of America raised their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $294.94.

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.