Jennifer Vecchio Sells 494 Shares of Burlington Stores, Inc. (NYSE:BURL) Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the transaction, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Burlington Stores Price Performance

Burlington Stores stock traded down $3.85 during midday trading on Monday, reaching $245.99. 843,853 shares of the stock were exchanged, compared to its average volume of 923,604. The company’s fifty day moving average is $238.54 and its 200-day moving average is $213.44. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. The firm has a market cap of $15.70 billion, a PE ratio of 41.85, a PEG ratio of 1.36 and a beta of 1.61. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $263.84.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.61 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Evercore ISI raised their price target on shares of Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Robert W. Baird raised their price target on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. BMO Capital Markets raised their price target on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Morgan Stanley dropped their price objective on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Finally, UBS Group raised their price objective on shares of Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $248.80.

Hedge Funds Weigh In On Burlington Stores

Institutional investors have recently made changes to their positions in the stock. Crewe Advisors LLC bought a new position in shares of Burlington Stores in the 2nd quarter worth $25,000. ORG Partners LLC bought a new position in shares of Burlington Stores in the 2nd quarter worth about $38,000. Rise Advisors LLC bought a new position in shares of Burlington Stores in the 1st quarter worth about $40,000. Lindbrook Capital LLC increased its stake in Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares during the last quarter.

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.