Insider Selling: Burlington Stores Inc (BURL) CEO Sells $1,925,800.00 in Stock
Burlington Stores Inc (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $96.29, for a total value of $1,925,800.00. Following the sale, the chief executive officer now owns 556,772 shares of the company’s stock, valued at approximately $53,611,575.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Thomas Kingsbury also recently made the following trade(s):
- On Thursday, March 9th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $93.00, for a total value of $1,860,000.00.
Shares of Burlington Stores Inc (NYSE:BURL) traded up 0.61% on Friday, reaching $97.64. 691,572 shares of the company were exchanged. The company has a market capitalization of $6.78 billion, a P/E ratio of 32.44 and a beta of 0.54. Burlington Stores Inc has a 52-week low of $51.19 and a 52-week high of $98.32. The stock has a 50 day moving average of $94.50 and a 200-day moving average of $85.47.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 2nd. The company reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.08. Burlington Stores had a net margin of 3.48% and a negative return on equity of 193.88%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Burlington Stores Inc will post $3.89 EPS for the current fiscal year.
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Several analysts have recently commented on BURL shares. Zacks Investment Research lowered Burlington Stores from a “strong-buy” rating to a “sell” rating in a report on Tuesday, January 24th. Cowen and Company set a $103.00 price target on Burlington Stores and gave the stock a “buy” rating in a research report on Saturday, April 8th. MKM Partners reaffirmed a “buy” rating and set a $99.00 price target on shares of Burlington Stores in a research report on Thursday, March 2nd. William Blair reaffirmed an “outperform” rating on shares of Burlington Stores in a research report on Wednesday, April 5th. Finally, Vetr cut Burlington Stores from a “strong-buy” rating to a “buy” rating and set a $105.25 target price on the stock. in a research report on Monday, April 10th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $96.88.
A number of hedge funds and other institutional investors have recently made changes to their positions in BURL. Price T Rowe Associates Inc. MD boosted 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 worth $686,316,000 after buying an additional 1,317,448 shares during the period. AQR Capital Management LLC boosted its stake in Burlington Stores by 117.4% in the fourth quarter. AQR Capital Management LLC now owns 1,127,349 shares of the company’s stock worth $95,543,000 after buying an additional 608,706 shares during the period. Two Sigma Advisers LP acquired a new stake in Burlington Stores during the third quarter worth about $88,045,000. JPMorgan Chase & Co. boosted its stake in Burlington Stores by 88.4% in the third quarter. JPMorgan Chase & Co. now owns 1,043,695 shares of the company’s stock worth $84,560,000 after buying an additional 489,825 shares during the period. Finally, Columbus Circle Investors boosted its stake in Burlington Stores by 0.5% in the first quarter. Columbus Circle Investors now owns 740,893 shares of the company’s stock worth $72,081,000 after buying an additional 4,024 shares during the period.
About Burlington Stores
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.
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