Burlington Stores, Inc. (BURL) EVP Joyce Manning Magrini Sells 2,400 Shares of Stock

Burlington Stores, Inc. (NYSE:BURL) EVP Joyce Manning Magrini sold 2,400 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $107.75, for a total value of $258,600.00. Following the completion of the sale, the executive vice president now directly owns 45,014 shares in the company, valued at $4,850,258.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was 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 stock was sold at an average price of $94.16, for a total value of $225,984.00.

Burlington Stores, Inc. (NYSE:BURL) traded down $1.31 during mid-day trading on Wednesday, reaching $110.24. The company’s stock had a trading volume of 842,200 shares, compared to its average volume of 1,089,168. Burlington Stores, Inc. has a 52 week low of $79.07 and a 52 week high of $114.99. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. The company has a market capitalization of $7,613.05, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.49 and a beta of 0.56.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. sell-side analysts anticipate that Burlington Stores, Inc. will post 4.28 EPS for the current year.

Burlington Stores declared that its board has approved a stock repurchase program on Thursday, August 24th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

BURL has been the topic of a number of recent research reports. BMO Capital Markets set a $115.00 target price on Burlington Stores and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Cowen set a $105.00 price objective on Burlington Stores and gave the company a “buy” rating in a research report on Monday, August 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $107.00 price objective (up from $105.00) on shares of Burlington Stores in a research report on Friday, August 25th. Deutsche Bank started coverage on Burlington Stores in a research report on Thursday, September 14th. They set a “buy” rating and a $108.00 price objective on the stock. Finally, BidaskClub cut Burlington Stores from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $109.49.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Trust N.A. raised its stake in shares of Burlington Stores by 1.1% in the second quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock worth $350,000 after buying an additional 40 shares during the period. Teacher Retirement System of Texas raised its stake 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 worth $517,000 after buying an additional 41 shares during the period. Advisor Group Inc. raised its stake in Burlington Stores by 9.2% during the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after purchasing an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Burlington Stores by 6.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock valued at $283,000 after purchasing an additional 191 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Burlington Stores by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after purchasing an additional 210 shares during the period.

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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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