Burlington Stores Inc. (BURL) Insider Eric Seeger Sells 20,948 Shares
Burlington Stores Inc. (NYSE:BURL) insider Eric Seeger sold 20,948 shares of the company’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $79.74, for a total transaction of $1,670,393.52. Following the transaction, the insider now owns 38,905 shares of the company’s stock, valued at approximately $3,102,284.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Burlington Stores Inc. (NYSE:BURL) opened at 81.39 on Friday. The firm has a market capitalization of $5.75 billion, a PE ratio of 34.86 and a beta of 0.39. Burlington Stores Inc. has a 1-year low of $39.40 and a 1-year high of $87.23. The firm’s 50 day moving average is $81.79 and its 200 day moving average is $67.79.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.09. Burlington Stores had a net margin of 3.22% and a negative return on equity of 183.69%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the business earned $0.19 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Analysts anticipate that Burlington Stores Inc. will post $2.98 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Advisor Group Inc. bought a new stake in shares of Burlington Stores during the second quarter worth $112,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Burlington Stores during the second quarter worth $120,000. DIAM Co. Ltd. bought a new stake in shares of Burlington Stores during the second quarter worth $178,000. Nisa Investment Advisors LLC boosted its stake in shares of Burlington Stores by 250.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the company’s stock worth $187,000 after buying an additional 2,000 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new stake in shares of Burlington Stores during the second quarter worth $203,000.
A number of equities analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of Burlington Stores from $66.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, July 21st. Bank of America Corp. restated a “buy” rating and set a $95.00 price objective (up previously from $90.00) on shares of Burlington Stores in a research report on Monday, September 26th. BMO Capital Markets restated an “outperform” rating and set a $96.00 price objective on shares of Burlington Stores in a research report on Wednesday, September 28th. Guggenheim assumed coverage on shares of Burlington Stores in a research report on Friday, September 30th. They set a “neutral” rating for the company. Finally, Telsey Advisory Group upped their price objective on shares of Burlington Stores from $70.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 19th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.18.
About Burlington Stores
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.
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