Burlington Stores Inc. (BURL) Insider Mike Metheny Sells 4,000 Shares
Burlington Stores Inc. (NYSE:BURL) insider Mike Metheny sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $78.49, for a total transaction of $313,960.00. Following the completion of the transaction, the insider now directly owns 2,782 shares in the company, valued at approximately $218,359.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Mike Metheny also recently made the following trade(s):
- On Monday, September 12th, Mike Metheny sold 4,000 shares of Burlington Stores stock. The stock was sold at an average price of $82.32, for a total transaction of $329,280.00.
Burlington Stores Inc. (NYSE:BURL) traded down 0.53% during mid-day trading on Friday, reaching $76.69. 797,293 shares of the company were exchanged. Burlington Stores Inc. has a 1-year low of $39.40 and a 1-year high of $87.23. The firm has a market capitalization of $5.42 billion, a P/E ratio of 32.84 and a beta of 0.39. The stock has a 50-day moving average of $81.68 and a 200 day moving average of $68.38.
Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 25th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. Burlington Stores’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts forecast that Burlington Stores Inc. will post $2.98 earnings per share for the current year.
Several research analysts recently commented on the stock. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $75.00 price target on shares of Burlington Stores in a research note on Tuesday, September 13th. Bank of America Corp. reaffirmed a “buy” rating and issued a $95.00 price target (up previously from $90.00) on shares of Burlington Stores in a research note on Monday, September 26th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $96.00 price target on shares of Burlington Stores in a research note on Wednesday, September 28th. Guggenheim began coverage on shares of Burlington Stores in a research note on Friday, September 30th. They issued a “neutral” rating on the stock. Finally, RBC Capital Markets reissued an “outperform” rating and set a $86.00 target price (up previously from $82.00) on shares of Burlington Stores in a research report on Friday, August 26th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Burlington Stores has an average rating of “Buy” and a consensus target price of $85.18.
Several hedge funds have recently modified their holdings of the company. Aperio Group LLC acquired a new stake in shares of Burlington Stores during the first quarter valued at about $304,000. TIAA CREF Investment Management LLC boosted its stake in shares of Burlington Stores by 1.3% in the first quarter. TIAA CREF Investment Management LLC now owns 280,188 shares of the company’s stock valued at $15,758,000 after buying an additional 3,714 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Burlington Stores by 1.6% in the first quarter. JPMorgan Chase & Co. now owns 535,310 shares of the company’s stock valued at $30,106,000 after buying an additional 8,670 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of Burlington Stores during the first quarter valued at about $391,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Burlington Stores during the first quarter valued at about $211,000.
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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