Insider Selling: Burlington Stores Inc (BURL) Chairman Sells 20,000 Shares of Stock

Burlington Stores Inc (NYSE:BURL) Chairman Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $164.35, for a total value of $3,287,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, April 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $156.61, for a total value of $3,132,200.00.
  • On Monday, March 11th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $143.19, for a total value of $2,863,800.00.

Shares of Burlington Stores stock opened at $159.64 on Wednesday. Burlington Stores Inc has a 12 month low of $134.59 and a 12 month high of $180.27. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.32 and a beta of 0.16. The company has a quick ratio of 0.25, a current ratio of 1.02 and a debt-to-equity ratio of 3.05.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.06. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.05 billion. Burlington Stores had a return on equity of 226.76% and a net margin of 6.22%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.59 earnings per share. As a group, equities research analysts anticipate that Burlington Stores Inc will post 7 EPS for the current fiscal year.

Several equities analysts have recently issued reports on BURL shares. Wedbush decreased their price objective on Burlington Stores from $160.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, March 8th. Telsey Advisory Group cut Burlington Stores from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $190.00 to $165.00 in a report on Friday, March 8th. ValuEngine cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Citigroup decreased their price objective on Burlington Stores from $175.00 to $158.00 and set a “neutral” rating for the company in a report on Friday, March 8th. Finally, Cowen set a $165.00 price objective on Burlington Stores and gave the company a “buy” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $179.79.

Several hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp grew its position in Burlington Stores by 2.9% in the fourth quarter. Mackenzie Financial Corp now owns 2,939 shares of the company’s stock worth $478,000 after acquiring an additional 82 shares during the period. Emerald Advisers LLC grew its position in Burlington Stores by 0.7% in the first quarter. Emerald Advisers LLC now owns 13,444 shares of the company’s stock worth $2,106,000 after acquiring an additional 87 shares during the period. Shine Investment Advisory Services Inc. grew its position in Burlington Stores by 101.1% in the first quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock worth $28,000 after acquiring an additional 91 shares during the period. Heritage Investors Management Corp grew its position in Burlington Stores by 0.3% in the fourth quarter. Heritage Investors Management Corp now owns 36,443 shares of the company’s stock worth $5,928,000 after acquiring an additional 92 shares during the period. Finally, Captrust Financial Advisors grew its position in Burlington Stores by 4.4% in the fourth quarter. Captrust Financial Advisors now owns 2,312 shares of the company’s stock worth $376,000 after acquiring an additional 97 shares during the period.

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Burlington Stores Company Profile

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

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