Burlington Stores Inc (BURL) Insider Fred Hand Sells 6,484 Shares

Burlington Stores Inc (NYSE:BURL) insider Fred Hand sold 6,484 shares of Burlington Stores stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $157.58, for a total value of $1,021,748.72. Following the completion of the sale, the insider now owns 58,614 shares in the company, valued at $9,236,394.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Fred Hand also recently made the following trade(s):

  • On Thursday, April 11th, Fred Hand sold 6,486 shares of Burlington Stores stock. The stock was sold at an average price of $156.90, for a total value of $1,017,653.40.
  • On Monday, March 18th, Fred Hand sold 6,486 shares of Burlington Stores stock. The stock was sold at an average price of $140.00, for a total value of $908,040.00.

Shares of Burlington Stores stock opened at $163.12 on Friday. The company has a market cap of $10.68 billion, a PE ratio of 25.33, a P/E/G ratio of 1.36 and a beta of 0.16. Burlington Stores Inc has a 1-year low of $134.59 and a 1-year high of $180.27. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.25 and a current ratio of 1.02.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 7th. The company reported $2.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.77 by $0.06. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.59 EPS. As a group, analysts expect that Burlington Stores Inc will post 7 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the company. Guggenheim reiterated a “hold” rating on shares of Burlington Stores in a report on Wednesday, April 24th. Wells Fargo & Co boosted their target price on Burlington Stores from $160.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Wedbush boosted their target price on Burlington Stores from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Robert W. Baird initiated coverage on Burlington Stores in a report on Tuesday. They set an “outperform” rating and a $200.00 target price on the stock. Finally, Cowen set a $165.00 target price on Burlington Stores and gave the stock a “buy” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Burlington Stores currently has an average rating of “Buy” and an average price target of $179.79.

Hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of Burlington Stores by 7.5% during the 4th quarter. LPL Financial LLC now owns 34,238 shares of the company’s stock valued at $5,569,000 after buying an additional 2,398 shares during the period. Navellier & Associates Inc raised its position in shares of Burlington Stores by 136.3% during the 4th quarter. Navellier & Associates Inc now owns 52,393 shares of the company’s stock valued at $8,523,000 after buying an additional 30,221 shares during the period. Townsquare Capital LLC purchased a new stake in shares of Burlington Stores during the 4th quarter valued at approximately $472,000. Strs Ohio raised its position in shares of Burlington Stores by 0.7% during the 1st quarter. Strs Ohio now owns 185,381 shares of the company’s stock valued at $29,045,000 after buying an additional 1,267 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Burlington Stores by 26.4% during the 3rd quarter. Nordea Investment Management AB now owns 28,835 shares of the company’s stock valued at $4,698,000 after buying an additional 6,022 shares during the period.

TRADEMARK VIOLATION NOTICE: “Burlington Stores Inc (BURL) Insider Fred Hand Sells 6,484 Shares” was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.baseballdailydigest.com/news/2019/05/17/burlington-stores-inc-burl-insider-fred-hand-sells-6484-shares.html.

About Burlington Stores

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.

Featured Article: Overbought

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

Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.