Burlington Stores, Inc. (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $92.29, for a total value of $1,845,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Thomas Kingsbury also recently made the following trade(s):
- On Monday, September 11th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $87.81, for a total value of $1,756,200.00.
- On Thursday, August 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $84.03, for a total value of $1,680,600.00.
Burlington Stores, Inc. (NYSE:BURL) traded down 0.42% during mid-day trading on Friday, hitting $89.95. The company had a trading volume of 392,446 shares. Burlington Stores, Inc. has a 12-month low of $68.94 and a 12-month high of $104.07. The firm has a market capitalization of $6.13 billion, a PE ratio of 24.85 and a beta of 0.53. The company’s 50 day moving average price is $90.38 and its 200-day moving average price is $92.22.
Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 24th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.22. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business posted $0.39 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that Burlington Stores, Inc. will post $4.20 EPS for the current fiscal year.
Burlington Stores announced that its board has authorized a share buyback program on Thursday, August 24th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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Several institutional investors and hedge funds have recently bought and sold shares of BURL. Advisor Group Inc. raised its holdings in shares of Burlington Stores by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after acquiring an additional 128 shares during the last quarter. Laurion Capital Management LP acquired a new stake in shares of Burlington Stores in the 1st quarter worth about $204,000. The Manufacturers Life Insurance Company raised its holdings in shares of Burlington Stores by 10.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after acquiring an additional 210 shares during the last quarter. Gilbert & Cook Inc. acquired a new stake in shares of Burlington Stores in the 2nd quarter worth about $210,000. Finally, Sciencast Management LP acquired a new stake in shares of Burlington Stores in the 2nd quarter worth about $231,000.
Several research analysts have weighed in on BURL shares. Deutsche Bank AG started coverage on Burlington Stores in a report on Thursday, September 14th. They set a “buy” rating and a $108.00 target price on the stock. BMO Capital Markets reiterated a “buy” rating and set a $115.00 target price on shares of Burlington Stores in a report on Wednesday, September 13th. Cowen and Company set a $105.00 target price on Burlington Stores and gave the stock a “buy” rating in a report on Monday, August 14th. BidaskClub upgraded Burlington Stores from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, TheStreet lowered Burlington Stores from a “b-” rating to a “c+” rating in a report on Friday, June 23rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Burlington Stores has an average rating of “Buy” and an average target price of $105.38.
Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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