Burlington Stores Inc (NYSE:BURL) EVP Joyce Manning Magrini sold 12,231 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $202.57, for a total value of $2,477,633.67. Following the sale, the executive vice president now directly owns 19,226 shares of the company’s stock, valued at approximately $3,894,610.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Burlington Stores stock opened at $206.67 on Friday. Burlington Stores Inc has a fifty-two week low of $105.67 and a fifty-two week high of $250.89. The company has a debt-to-equity ratio of 16.75, a quick ratio of 1.18 and a current ratio of 1.65. The company has a market capitalization of $14.00 billion, a P/E ratio of 299.53 and a beta of 0.73. The stock has a 50-day simple moving average of $195.25 and a 200-day simple moving average of $204.16.
Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 28th. The company reported ($4.76) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.23) by ($3.53). Burlington Stores had a net margin of 0.83% and a return on equity of 26.65%. The firm had revenue of $801.50 million during the quarter, compared to analysts’ expectations of $883.81 million. During the same period in the previous year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was down 51.0% on a year-over-year basis. As a group, analysts forecast that Burlington Stores Inc will post -1.1 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of BURL. Piedmont Investment Advisors Inc. increased its position in Burlington Stores by 1.0% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 4,880 shares of the company’s stock worth $1,113,000 after purchasing an additional 47 shares during the period. MAI Capital Management increased its position in Burlington Stores by 1.5% during the 1st quarter. MAI Capital Management now owns 4,740 shares of the company’s stock worth $751,000 after purchasing an additional 72 shares during the period. Advisor Group Inc. increased its position in Burlington Stores by 1.9% during the 4th quarter. Advisor Group Inc. now owns 3,890 shares of the company’s stock worth $887,000 after purchasing an additional 74 shares during the period. First Horizon Advisors Inc. increased its position in Burlington Stores by 16.9% during the 1st quarter. First Horizon Advisors Inc. now owns 561 shares of the company’s stock worth $88,000 after purchasing an additional 81 shares during the period. Finally, Utah Retirement Systems increased its position in Burlington Stores by 0.8% during the 4th quarter. Utah Retirement Systems now owns 12,508 shares of the company’s stock worth $2,852,000 after purchasing an additional 100 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.
BURL has been the subject of several recent analyst reports. UBS Group raised their target price on Burlington Stores from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a research note on Thursday, March 5th. Nomura lifted their price objective on Burlington Stores from $190.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, May 29th. TheStreet cut Burlington Stores from a “b” rating to a “c” rating in a research note on Thursday, May 28th. Finally, Nomura Instinet lifted their price objective on Burlington Stores from $190.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $232.78.
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.
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