Burlington Stores Inc. (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $79.73, for a total transaction of $1,594,600.00. Following the completion of the sale, the chief executive officer now directly owns 586,822 shares of the company’s stock, valued at $46,787,318.06. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Thomas Kingsbury also recently made the following trade(s):
- On Monday, August 1st, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $76.21, for a total transaction of $1,524,200.00.
Shares of Burlington Stores Inc. (NYSE:BURL) opened at 79.31 on Tuesday. The firm has a 50-day moving average of $81.79 and a 200 day moving average of $68.17. The stock has a market capitalization of $5.60 billion, a PE ratio of 33.97 and a beta of 0.39. Burlington Stores Inc. has a 1-year low of $39.40 and a 1-year high of $87.23.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.09. The business earned $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Burlington Stores had a net margin of 3.22% and a negative return on equity of 183.69%. Burlington Stores’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. Analysts predict that Burlington Stores Inc. will post $2.98 EPS for the current year.
A number of equities research analysts have issued reports on the stock. TheStreet raised shares of Burlington Stores from a “sell” rating to a “buy” rating in a research report on Monday, October 3rd. Guggenheim assumed coverage on shares of Burlington Stores in a research report on Friday, September 30th. They issued a “neutral” rating for the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $96.00 price objective on shares of Burlington Stores in a research report on Wednesday, September 28th. Bank of America Corp. reaffirmed a “buy” rating and issued a $95.00 price objective (up from $90.00) on shares of Burlington Stores in a research report on Monday, September 26th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Burlington Stores in a research report on Tuesday, September 13th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Burlington Stores has an average rating of “Buy” and a consensus target price of $85.18.
Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new stake in Burlington Stores during the second quarter worth $112,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Burlington Stores during the second quarter worth $120,000. DIAM Co. Ltd. purchased a new stake in Burlington Stores during the second quarter worth $178,000. Nisa Investment Advisors LLC raised its stake in Burlington Stores by 250.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the company’s stock worth $187,000 after buying an additional 2,000 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Burlington Stores during the second quarter worth $203,000.
Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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