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 firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 Trading Down 2.8 %

Shares of BURL opened at $281.33 on Wednesday. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The stock has a market cap of $17.86 billion, a PE ratio of 38.54, a P/E/G ratio of 1.58 and a beta of 1.63. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The business’s 50-day moving average price is $278.97 and its 200-day moving average price is $264.58.

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

Analysts Set New Price Targets

Several equities analysts have commented on BURL shares. TD Cowen lifted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays dropped their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Evercore ISI raised their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. Finally, Citigroup increased their price target 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. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $308.00.

Institutional Investors Weigh In On Burlington Stores

Several large investors have recently added to or reduced their stakes in BURL. Geode Capital Management LLC raised its holdings in shares of Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after acquiring an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares during the last quarter. Anomaly Capital Management LP raised its stake in Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after purchasing an additional 187,760 shares in the last quarter. Clearbridge Investments LLC lifted its position in Burlington Stores by 2.2% during the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after purchasing an additional 14,080 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Burlington Stores by 54.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after buying an additional 207,959 shares in 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.