Burlington Stores Inc. (BURL) CFO Sells $708,080.00 in Stock
Burlington Stores Inc. (NYSE:BURL) CFO Marc Katz sold 8,000 shares of Burlington Stores stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $88.51, for a total transaction of $708,080.00. Following the completion of the sale, the chief financial officer now owns 100,465 shares of the company’s stock, valued at $8,892,157.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Burlington Stores Inc. (NYSE:BURL) traded up 1.76% during midday trading on Tuesday, hitting $88.92. 1,282,604 shares of the stock traded hands. Burlington Stores Inc. has a 1-year low of $40.89 and a 1-year high of $91.67. The stock has a 50 day moving average of $76.44 and a 200 day moving average of $73.10. The company has a market capitalization of $6.22 billion, a P/E ratio of 34.15 and a beta of 0.47.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The company earned $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Equities research analysts predict that Burlington Stores Inc. will post $3.17 earnings per share for the current fiscal year.
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A number of research firms have issued reports on BURL. Credit Suisse Group AG set a $75.00 target price on shares of Burlington Stores and gave the company a “hold” rating in a research note on Saturday. MKM Partners boosted their price objective on shares of Burlington Stores from $94.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, November 23rd. Telsey Advisory Group boosted their price objective on shares of Burlington Stores from $86.00 to $91.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 23rd. TheStreet cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Thursday, November 17th. Finally, Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Wednesday, November 16th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $86.91.
Large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its stake in Burlington Stores by 18.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 8,470,940 shares of the company’s stock valued at $686,316,000 after buying an additional 1,317,448 shares during the last quarter. Fiera Capital Corp bought a new stake in Burlington Stores during the second quarter valued at approximately $80,654,000. Two Sigma Advisers LP bought a new stake in Burlington Stores during the third quarter valued at approximately $88,045,000. Victory Capital Management Inc. increased its stake in Burlington Stores by 481.7% in the third quarter. Victory Capital Management Inc. now owns 1,263,253 shares of the company’s stock valued at $102,349,000 after buying an additional 1,046,075 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Burlington Stores by 448.0% in the third quarter. PNC Financial Services Group Inc. now owns 869,720 shares of the company’s stock valued at $70,464,000 after buying an additional 711,003 shares during the last quarter.
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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