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

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 Price Performance

Shares of NYSE BURL traded up $0.82 during trading on Monday, reaching $289.98. The company had a trading volume of 683,130 shares, compared to its average volume of 689,178. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The stock has a 50-day moving average price of $277.71 and a two-hundred day moving average price of $263.92. The stock has a market capitalization of $18.41 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.63.

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

Institutional Trading of Burlington Stores

A number of hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Burlington Stores by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after purchasing an additional 3,246 shares during the period. Alpha DNA Investment Management LLC acquired a new position in Burlington Stores in the third quarter valued at $764,000. Logan Capital Management Inc. lifted its position in Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after buying an additional 4,695 shares during the period. Dai ichi Life Insurance Company Ltd acquired a new stake in Burlington Stores in the 3rd quarter worth about $1,190,000. Finally, Hsbc Holdings PLC grew its holdings in Burlington Stores by 5.5% in the 2nd quarter. Hsbc Holdings PLC now owns 43,486 shares of the company’s stock valued at $10,435,000 after buying an additional 2,258 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BURL. Barclays reduced their price objective 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. Citigroup lifted their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group raised their target price on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Morgan Stanley upped their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $308.00.

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.