Jennifer Vecchio Sells 493 Shares of Burlington Stores, Inc. (NYSE:BURL) Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jennifer Vecchio also recently made the following trade(s):

• On Thursday, January 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30.
• On Monday, December 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66.

Burlington Stores Trading Up 0.2 %

NYSE:BURL opened at $269.06 on Friday. The firm’s fifty day moving average is $286.76 and its 200-day moving average is $270.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The firm has a market cap of $17.08 billion, a P/E ratio of 36.86, a P/E/G ratio of 1.53 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. Equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after buying an additional 18,160 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 shares during the last quarter. Jennison Associates LLC raised its holdings in Burlington Stores by 2.4% during the third quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock worth $134,394,000 after buying an additional 12,143 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in Burlington Stores by 2.0% during the third quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company’s stock worth $106,441,000 after buying an additional 7,859 shares during the last quarter. Finally, Artemis Investment Management LLP raised its holdings in Burlington Stores by 6.6% during the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock worth $113,151,000 after buying an additional 24,576 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BURL shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Barclays dropped their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Robert W. Baird boosted their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Citigroup boosted their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI upped their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $317.87.

About Burlington Stores

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.