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

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

Burlington Stores Stock Up 0.3 %

Shares of BURL stock traded up $0.82 during trading hours on Monday, hitting $289.98. 683,130 shares of the company were exchanged, compared to its average volume of 689,178. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 39.72, a P/E/G ratio of 1.58 and a beta of 1.63. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The business’s 50-day simple moving average is $277.71 and its two-hundred day simple moving average is $263.92.

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

Analyst Upgrades and Downgrades

BURL has been the subject of several recent research reports. Morgan Stanley increased their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Robert W. Baird increased their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Citigroup boosted their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI increased their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average target price of $308.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. M&T Bank Corp raised its stake in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after acquiring an additional 47 shares during the period. Tributary Capital Management LLC raised its position in shares of Burlington Stores by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after purchasing an additional 50 shares during the period. Mount Lucas Management LP lifted its holdings in shares of Burlington Stores by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after purchasing an additional 54 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in Burlington Stores by 5.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after purchasing an additional 54 shares during the period. Finally, Cetera Investment Advisers grew its stake in Burlington Stores by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after buying an additional 61 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.