Burlington Stores, Inc. (NYSE:BURL) CMO Sells $1,185,063.66 in Stock

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. The trade was a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, February 3rd, Jennifer Vecchio sold 493 shares of Burlington Stores stock. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75.
• On Thursday, January 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The shares were sold at an average price of $284.95, for a total value of $140,765.30.

Burlington Stores Price Performance

NYSE:BURL opened at $244.70 on Thursday. The company has a market capitalization of $15.47 billion, a P/E ratio of 33.52, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The stock’s fifty day moving average is $255.77 and its two-hundred day moving average is $266.69.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Equities analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on BURL. Citigroup lowered their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Morgan Stanley raised their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. TD Cowen upped their price objective 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 lifted their price target on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, UBS Group boosted their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $323.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc grew its position in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores during the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC lifted its position in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores during the fourth quarter worth $31,000. Finally, Brooklyn Investment Group purchased a new position in Burlington Stores in the third quarter valued at $33,000.

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.