Burlington Stores Inc. (NYSE:BURL) insider Joyce Manning Magrini sold 6,300 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $79.80, for a total transaction of $502,740.00. Following the transaction, the insider now directly owns 89,978 shares in the company, valued at $7,180,244.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Burlington Stores Inc. (NYSE:BURL) traded up 1.18% during trading on Friday, reaching $80.92. 103,939 shares of the company traded hands. The company has a market capitalization of $5.72 billion, a P/E ratio of 34.66 and a beta of 0.39. Burlington Stores Inc. has a 52 week low of $39.40 and a 52 week high of $87.23. The company’s 50-day moving average price is $81.69 and its 200-day moving average price is $67.59.
Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 25th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.30 by $0.09. Burlington Stores had a net margin of 3.22% and a negative return on equity of 183.69%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that Burlington Stores Inc. will post $2.98 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. bought a new position in Burlington Stores during the second quarter valued at approximately $112,000. Fuller & Thaler Asset Management Inc. bought a new position in Burlington Stores during the second quarter valued at approximately $120,000. DIAM Co. Ltd. bought a new position in Burlington Stores during the second quarter valued at approximately $178,000. Nisa Investment Advisors LLC increased its position in Burlington Stores by 250.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the company’s stock valued at $187,000 after buying an additional 2,000 shares during the period. Finally, Raymond James Trust N.A. bought a new position in Burlington Stores during the second quarter valued at approximately $203,000.
A number of research firms recently weighed in on BURL. Royal Bank Of Canada raised their price target on shares of Burlington Stores from $66.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, July 21st. Bank of America Corp. reissued a “buy” rating and set a $95.00 price target (up from $90.00) on shares of Burlington Stores in a research report on Monday, September 26th. BMO Capital Markets reissued an “outperform” rating and set a $96.00 price target on shares of Burlington Stores in a research report on Wednesday, September 28th. Guggenheim began coverage on shares of Burlington Stores in a research report on Friday, September 30th. They set a “neutral” rating on the stock. Finally, Telsey Advisory Group raised their price target on shares of Burlington Stores from $70.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $85.18.
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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