Burlington Stores, Inc. (NYSE:BURL) insider Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $94.16, for a total transaction of $225,984.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Joyce Manning Magrini also recently made the following trade(s):

  • On Friday, September 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The stock was sold at an average price of $88.00, for a total transaction of $211,200.00.
  • On Tuesday, August 1st, Joyce Manning Magrini sold 3,335 shares of Burlington Stores stock. The stock was sold at an average price of $88.12, for a total transaction of $293,880.20.

Burlington Stores, Inc. (NYSE:BURL) opened at 93.15 on Friday. The stock has a 50 day moving average of $89.62 and a 200-day moving average of $92.29. Burlington Stores, Inc. has a one year low of $68.94 and a one year high of $104.07. The firm has a market capitalization of $6.35 billion, a PE ratio of 25.73 and a beta of 0.53.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.22. Burlington Stores had a negative return on equity of 330.30% and a net margin of 4.46%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Burlington Stores, Inc. will post $4.20 EPS for the current year.

Burlington Stores declared that its Board of Directors has initiated a stock buyback program on Thursday, August 24th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. M&T Bank Corp lifted its stake in Burlington Stores by 1.5% during the first quarter. M&T Bank Corp now owns 2,583 shares of the company’s stock worth $252,000 after purchasing an additional 37 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Burlington Stores by 1.1% during the second quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock worth $350,000 after purchasing an additional 40 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Burlington Stores by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock worth $517,000 after purchasing an additional 41 shares during the last quarter. Advisor Group Inc. lifted its stake in Burlington Stores by 9.2% during the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after purchasing an additional 128 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Burlington Stores by 6.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock worth $283,000 after purchasing an additional 191 shares during the last quarter.

BURL has been the subject of a number of recent research reports. BidaskClub upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Deutsche Bank AG initiated coverage on shares of Burlington Stores in a research note on Thursday, September 14th. They issued a “buy” rating and a $108.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $107.00 price target (up previously from $105.00) on shares of Burlington Stores in a research note on Friday, August 25th. Cowen and Company reiterated an “outperform” rating and issued a $110.00 price target on shares of Burlington Stores in a research note on Friday, June 23rd. Finally, TheStreet downgraded shares of Burlington Stores from a “b-” rating to a “c+” rating in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $105.38.

About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

Insider Buying and Selling by Quarter for Burlington Stores (NYSE:BURL)

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