Burlington Stores, Inc. (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $111.90, for a total transaction of $2,238,000.00. Following the sale, the chief executive officer now owns 437,608 shares of the company’s stock, valued at $48,968,335.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Thomas Kingsbury also recently made the following trade(s):

  • On Friday, November 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $98.51, for a total transaction of $1,970,200.00.
  • On Tuesday, October 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $92.29, for a total transaction of $1,845,800.00.

Shares of Burlington Stores, Inc. (NYSE:BURL) traded up $0.72 during mid-day trading on Thursday, hitting $110.34. 966,207 shares of the company were exchanged, compared to its average volume of 1,083,546. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. The firm has a market capitalization of $7,530.00, a PE ratio of 27.89, a P/E/G ratio of 1.47 and a beta of 0.56. Burlington Stores, Inc. has a 52-week low of $79.07 and a 52-week high of $114.99.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. equities analysts forecast that Burlington Stores, Inc. will post 4.27 earnings per share for the current fiscal year.

Burlington Stores declared that its Board of Directors has authorized a share repurchase plan on Thursday, August 24th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

A number of equities research analysts have weighed in on the stock. Cowen reiterated a “buy” rating and set a $115.00 price target on shares of Burlington Stores in a research report on Tuesday, November 21st. Telsey Advisory Group lifted their price target on shares of Burlington Stores from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub upgraded shares of Burlington Stores from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $115.00 price target (up from $104.00) on shares of Burlington Stores in a research report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $110.49.

Several hedge funds have recently made changes to their positions in BURL. FNY Managed Accounts LLC acquired a new position in shares of Burlington Stores in the third quarter valued at approximately $114,000. Advisor Group Inc. grew its holdings in shares of Burlington Stores by 9.2% in the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after purchasing an additional 128 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Burlington Stores in the third quarter valued at approximately $143,000. The Manufacturers Life Insurance Company grew its holdings in shares of Burlington Stores by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after purchasing an additional 210 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in shares of Burlington Stores in the third quarter valued at approximately $230,000.

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Burlington Stores Company Profile

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.

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

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