Burlington Stores, Inc. (NYSE:BURL) was the recipient of some unusual options trading on Tuesday. Stock traders bought 1,307 put options on the company. This represents an increase of Infinity compared to the typical daily volume of 0 put options.
Shares of Burlington Stores (BURL) opened at $100.15 on Friday. The company has a debt-to-equity ratio of -13.31, a current ratio of 1.03 and a quick ratio of 0.24. The company has a market cap of $6,793.75, a PE ratio of 26.41, a P/E/G ratio of 1.33 and a beta of 0.51. Burlington Stores has a 12-month low of $74.01 and a 12-month high of $104.07.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.22. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. equities analysts forecast that Burlington Stores will post 4.24 EPS for the current year.
Burlington Stores announced that its board has initiated a share buyback plan on Thursday, August 24th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
A number of research firms have recently weighed in on BURL. Cowen and Company reaffirmed a “buy” rating and set a $110.00 price objective on shares of Burlington Stores in a research report on Friday, November 10th. TheStreet raised Burlington Stores from a “c+” rating to a “b-” rating in a research report on Monday. BMO Capital Markets set a $115.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, BidaskClub raised Burlington Stores from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $105.96.
In related news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $98.51, for a total value of $1,970,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $88.00, for a total value of $211,200.00. Following the transaction, the insider now owns 49,914 shares in the company, valued at $4,392,432. The disclosure for this sale can be found here. Insiders sold 87,922 shares of company stock worth $8,052,750 over the last quarter. 2.60% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Burlington Stores by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,555,296 shares of the company’s stock valued at $603,022,000 after acquiring an additional 193,490 shares during the period. Voya Investment Management LLC lifted its position in shares of Burlington Stores by 23.9% during the 2nd quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock valued at $264,896,000 after acquiring an additional 554,717 shares during the period. Victory Capital Management Inc. lifted its position in shares of Burlington Stores by 4.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,468,367 shares of the company’s stock valued at $135,075,000 after acquiring an additional 56,547 shares during the period. Balyasny Asset Management LLC lifted its position in shares of Burlington Stores by 123.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,408,518 shares of the company’s stock valued at $129,570,000 after acquiring an additional 777,645 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in shares of Burlington Stores by 18.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,261,653 shares of the company’s stock worth $119,453,000 after purchasing an additional 194,727 shares in the last quarter.
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Burlington Stores Company Profile
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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