Burlington Stores, Inc. (NYSE:BURL) Insider Sells $295,152.00 in Stock

Burlington Stores, Inc. (NYSE:BURL) insider Joyce Manning Magrini sold 2,400 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $122.98, for a total transaction of $295,152.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Joyce Manning Magrini also recently made the following trade(s):

  • On Friday, December 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The stock was sold at an average price of $107.75, for a total transaction of $258,600.00.
  • On Wednesday, November 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The stock was sold at an average price of $95.37, for a total transaction of $228,888.00.

Burlington Stores, Inc. (NYSE:BURL) opened at $125.88 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. Burlington Stores, Inc. has a 1-year low of $79.07 and a 1-year high of $126.69. The company has a market cap of $8,590.00, a PE ratio of 33.04, a price-to-earnings-growth ratio of 1.64 and a beta of 0.56.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, beating the 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 firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts predict that Burlington Stores, Inc. will post 4.28 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Burlington Stores by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,555,296 shares of the company’s stock valued at $603,022,000 after purchasing an additional 193,490 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Burlington Stores by 23.9% in the 2nd quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock valued at $264,896,000 after purchasing an additional 554,717 shares in the last quarter. Balyasny Asset Management LLC boosted its stake in shares of Burlington Stores by 123.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,408,518 shares of the company’s stock valued at $129,570,000 after purchasing an additional 777,645 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Burlington Stores by 18.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,261,653 shares of the company’s stock valued at $119,453,000 after purchasing an additional 194,727 shares in the last quarter. Finally, Samlyn Capital LLC boosted its stake in shares of Burlington Stores by 89.1% in the 2nd quarter. Samlyn Capital LLC now owns 968,713 shares of the company’s stock valued at $89,112,000 after purchasing an additional 456,305 shares in the last quarter.

BURL has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Wednesday, November 1st. Cowen reaffirmed a “buy” rating and set a $115.00 price target on shares of Burlington Stores in a research report on Tuesday, November 21st. Buckingham Research reaffirmed a “buy” rating and set a $107.00 price target on shares of Burlington Stores in a research report on Thursday, October 19th. TheStreet raised shares of Burlington Stores from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Finally, Telsey Advisory Group raised their price target on shares of Burlington Stores from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $112.84.

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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.

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

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