Burlington Stores, Inc. (BURL) CEO Sells $2,430,800.00 in Stock

Burlington Stores, Inc. (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $121.54, for a total transaction of $2,430,800.00. Following the transaction, the chief executive officer now owns 406,808 shares in the company, valued at $49,443,444.32. The sale was disclosed in a filing with the SEC, which is available through this link.

Thomas Kingsbury also recently made the following trade(s):

  • On Monday, December 11th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $111.90, for a total transaction of $2,238,000.00.
  • On Friday, November 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $98.51, for a total transaction of $1,970,200.00.

Burlington Stores, Inc. (BURL) opened at $125.88 on Monday. The company has a market cap of $8,590.00, a P/E ratio of 33.04, a P/E/G ratio of 1.68 and a beta of 0.56. 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 $126.69.

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

Several institutional investors have recently made changes to their positions in BURL. FNY Managed Accounts LLC purchased a new position in Burlington Stores during the 3rd quarter worth approximately $114,000. Advisor Group Inc. raised its position in Burlington Stores by 9.2% during the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after buying an additional 128 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Burlington Stores during the 3rd quarter worth approximately $143,000. The Manufacturers Life Insurance Company raised its position 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 worth $208,000 after buying an additional 210 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new position in Burlington Stores during the 3rd quarter worth approximately $230,000.

Several research firms have commented on BURL. Wells Fargo & Co set a $143.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets set a $120.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Wednesday, November 22nd. BidaskClub raised shares of Burlington Stores from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Burlington Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, SunTrust Banks increased their price target on shares of Burlington Stores from $109.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $112.84.

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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.

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

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