Burlington Stores, Inc. (NYSE:BURL) EVP Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $107.75, for a total value of $258,600.00. Following the transaction, the executive vice president now directly owns 45,014 shares of the company’s stock, valued at approximately $4,850,258.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Joyce Manning Magrini also recently made the following trade(s):
- On Wednesday, November 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The shares were sold at an average price of $95.37, for a total value of $228,888.00.
- On Monday, October 2nd, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The shares were sold at an average price of $94.16, for a total value of $225,984.00.
Burlington Stores, Inc. (NYSE:BURL) traded down $1.66 during trading hours on Thursday, hitting $108.58. 776,200 shares of the company were exchanged, compared to its average volume of 1,087,836. 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 1 year low of $79.07 and a 1 year high of $114.99. The stock has a market cap of $7,523.65, a PE ratio of 28.05, a P/E/G ratio of 1.48 and a beta of 0.56.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.05. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business earned $0.51 EPS. The company’s revenue was up 7.1% on a year-over-year basis. equities analysts predict that Burlington Stores, Inc. will post 4.27 earnings per share for the current year.
Burlington Stores announced that its Board of Directors has approved a stock buyback program on Thursday, August 24th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of equities analysts have recently issued reports on BURL shares. Cowen set a $105.00 price target on Burlington Stores and gave the stock a “buy” rating in a research note on Monday, August 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 target price on shares of Burlington Stores in a report on Wednesday, September 13th. BidaskClub raised Burlington Stores from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $107.00 target price (up from $105.00) on shares of Burlington Stores in a report on Friday, August 25th. Finally, Zacks Investment Research cut Burlington Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $109.49.
A number of large investors have recently made changes to their positions in the stock. Raymond James Trust N.A. increased its stake in Burlington Stores by 1.1% in the second quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock valued at $350,000 after purchasing an additional 40 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Burlington Stores by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock valued at $517,000 after acquiring an additional 41 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Burlington Stores by 9.2% in the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after acquiring an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Burlington Stores by 6.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock valued at $283,000 after acquiring an additional 191 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Burlington Stores by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after acquiring an additional 210 shares in the last quarter.
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About Burlington Stores
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.
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