Burlington Stores, Inc. (NYSE:BURL) CMO Sells $1,185,063.66 in Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Jennifer Vecchio also recently made the following trade(s):

• On Monday, February 3rd, Jennifer Vecchio sold 493 shares of Burlington Stores stock. The stock was sold at an average price of $275.75, for a total value of $135,944.75.
• On Thursday, January 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30.

Burlington Stores Price Performance

Shares of BURL opened at $244.70 on Thursday. The company has a 50 day moving average of $255.77 and a two-hundred day moving average of $266.69. The company has a market cap of $15.47 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. As a group, analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BURL has been the subject of a number of research analyst reports. Evercore ISI lifted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays raised their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. UBS Group upped their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Hedge Funds Weigh In On Burlington Stores

Several hedge funds and other institutional investors have recently modified their holdings of BURL. IFP Advisors Inc increased its stake in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores in the 3rd quarter valued at $26,000. Fortitude Family Office LLC raised its stake in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores in the 4th quarter worth $31,000. Finally, Brooklyn Investment Group purchased a new stake in Burlington Stores during the 3rd quarter valued at about $33,000.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.