Burlington Stores, Inc. (NYSE:BURL – Get Free Report) CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $315.42, for a total value of $529,274.76. Following the transaction, the chief marketing officer directly owned 79,339 shares of the company’s stock, valued at approximately $25,025,107.38. The trade was a 2.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Jennifer Vecchio also recently made the following trade(s):
- On Friday, June 12th, Jennifer Vecchio sold 20,920 shares of Burlington Stores stock. The stock was sold at an average price of $341.53, for a total transaction of $7,144,807.60.
Burlington Stores Trading Up 0.3%
Shares of Burlington Stores stock opened at $317.04 on Thursday. The stock has a market capitalization of $19.95 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 1.70 and a beta of 1.46. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03. The company has a 50-day simple moving average of $317.61 and a 200 day simple moving average of $312.65. Burlington Stores, Inc. has a 12-month low of $240.49 and a 12-month high of $351.85.
Wall Street Analysts Forecast Growth
BURL has been the topic of several recent analyst reports. UBS Group reissued a “buy” rating and issued a $435.00 target price on shares of Burlington Stores in a report on Friday, May 29th. Wall Street Zen upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Jefferies Financial Group reissued a “buy” rating and issued a $365.00 price objective on shares of Burlington Stores in a research note on Friday, May 29th. Weiss Ratings upgraded Burlington Stores from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Finally, Wells Fargo & Company lowered their target price on Burlington Stores from $400.00 to $375.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $353.56.
Read Our Latest Stock Analysis on BURL
Institutional Trading of Burlington Stores
A number of hedge funds and other institutional investors have recently modified their holdings of BURL. Stone House Investment Management LLC acquired a new position in Burlington Stores during the 4th quarter worth $25,000. Harbour Investments Inc. raised its position in shares of Burlington Stores by 44.7% during the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock worth $32,000 after acquiring an additional 34 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Burlington Stores during the third quarter worth $28,000. Reflection Asset Management acquired a new position in shares of Burlington Stores during the fourth quarter valued at $34,000. Finally, Larson Financial Group LLC boosted its holdings in Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock valued at $36,000 after acquiring an additional 81 shares during the last quarter.
Burlington Stores Company Profile
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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