Burlington Stores Inc. (NYSE:BURL) insider Joyce Manning Magrini sold 6,300 shares of Burlington Stores stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $79.80, for a total transaction of $502,740.00. Following the sale, the insider now directly owns 89,978 shares of the company’s stock, valued at approximately $7,180,244.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Burlington Stores Inc. (NYSE:BURL) traded up 1.18% during midday trading on Friday, reaching $80.92. 103,939 shares of the company’s stock traded hands. The stock has a market cap of $5.72 billion, a P/E ratio of 34.66 and a beta of 0.39. The stock has a 50 day moving average of $81.69 and a 200-day moving average of $67.59. Burlington Stores Inc. has a 12 month low of $39.40 and a 12 month high of $87.23.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.09. The firm earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Burlington Stores had a net margin of 3.22% and a negative return on equity of 183.69%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. On average, equities research analysts forecast that Burlington Stores Inc. will post $2.98 EPS for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Calvert Investment Management Inc. raised its position in Burlington Stores by 0.6% in the second quarter. Calvert Investment Management Inc. now owns 4,075 shares of the company’s stock worth $272,000 after buying an additional 26 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in Burlington Stores by 3.1% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 4,767 shares of the company’s stock worth $318,000 after buying an additional 145 shares during the last quarter. Stifel Financial Corp raised its position in Burlington Stores by 1.1% in the second quarter. Stifel Financial Corp now owns 15,776 shares of the company’s stock worth $1,053,000 after buying an additional 164 shares during the last quarter. FDx Advisors Inc. raised its position in Burlington Stores by 3.6% in the second quarter. FDx Advisors Inc. now owns 7,486 shares of the company’s stock worth $499,000 after buying an additional 257 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Burlington Stores by 2.5% in the second quarter. Principal Financial Group Inc. now owns 21,895 shares of the company’s stock worth $1,461,000 after buying an additional 541 shares during the last quarter.

A number of analysts have commented on BURL shares. Telsey Advisory Group lifted their target price on shares of Burlington Stores from $70.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, July 19th. BMO Capital Markets reissued an “outperform” rating and issued a $69.00 price target on shares of Burlington Stores in a report on Wednesday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $74.00 price target (up previously from $63.00) on shares of Burlington Stores in a report on Wednesday, July 20th. Royal Bank Of Canada boosted their price target on shares of Burlington Stores from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, July 21st. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $82.00 price target (up previously from $66.00) on shares of Burlington Stores in a report on Friday, July 22nd. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Burlington Stores has a consensus rating of “Buy” and a consensus price target of $85.18.

Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.

5 Day Chart for NYSE:BURL

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