Burlington Stores, Inc. (NYSE:BURL) EVP Sells $228,888.00 in Stock

Burlington Stores, Inc. (NYSE:BURL) EVP Joyce Manning Magrini sold 2,400 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $95.37, for a total transaction of $228,888.00. Following the transaction, the executive vice president now directly owns 46,013 shares of the company’s stock, valued at $4,388,259.81. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Joyce Manning Magrini also recently made the following trade(s):

  • On Monday, October 2nd, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The stock was sold at an average price of $94.16, for a total transaction of $225,984.00.
  • On Friday, September 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The stock was sold at an average price of $88.00, for a total transaction of $211,200.00.

Shares of Burlington Stores, Inc. (NYSE:BURL) opened at $98.25 on Tuesday. Burlington Stores, Inc. has a 12 month low of $73.13 and a 12 month high of $104.07. The company has a market cap of $6,780.00, a P/E ratio of 26.35, a PEG ratio of 1.33 and a beta of 0.51. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of -13.31.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.22. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. research analysts anticipate that Burlington Stores, Inc. will post 4.24 EPS for the current fiscal year.

Burlington Stores declared that its board has authorized a share buyback program on Thursday, August 24th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. boosted its position in shares of Burlington Stores by 106.4% in the second quarter. Prudential Financial Inc. now owns 799,810 shares of the company’s stock worth $73,575,000 after purchasing an additional 412,380 shares during the period. Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Burlington Stores by 582.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 483,077 shares of the company’s stock worth $44,438,000 after buying an additional 412,262 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Burlington Stores by 5.4% in the first quarter. Nuveen Asset Management LLC now owns 75,386 shares of the company’s stock worth $7,334,000 after buying an additional 3,886 shares in the last quarter. FMR LLC lifted its holdings in shares of Burlington Stores by 13.3% in the first quarter. FMR LLC now owns 565,678 shares of the company’s stock worth $55,035,000 after buying an additional 66,428 shares in the last quarter. Finally, Credit Suisse AG lifted its holdings in shares of Burlington Stores by 56.4% in the first quarter. Credit Suisse AG now owns 106,329 shares of the company’s stock worth $10,346,000 after buying an additional 38,349 shares in the last quarter.

Several research firms have issued reports on BURL. Cowen and Company reiterated a “buy” rating and issued a $110.00 target price on shares of Burlington Stores in a research note on Friday. Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Wednesday, November 1st. Deutsche Bank AG initiated coverage on shares of Burlington Stores in a research report on Thursday, September 14th. They set a “buy” rating and a $108.00 price objective on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $115.00 target price on shares of Burlington Stores in a report on Wednesday, September 13th. Finally, Buckingham Research reaffirmed a “buy” rating and set a $107.00 target price on shares of Burlington Stores in a report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $105.96.

About Burlington Stores

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.

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

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