Burlington Stores Inc (NYSE:BURL) CFO Marc Katz sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $155.25, for a total transaction of $1,164,375.00. Following the completion of the sale, the chief financial officer now directly owns 111,590 shares of the company’s stock, valued at approximately $17,324,347.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Marc Katz also recently made the following trade(s):

  • On Tuesday, September 4th, Marc Katz sold 7,500 shares of Burlington Stores stock. The shares were sold at an average price of $172.46, for a total transaction of $1,293,450.00.

Burlington Stores stock opened at $152.34 on Friday. The company has a market capitalization of $11.01 billion, a PE ratio of 34.86, a P/E/G ratio of 1.26 and a beta of 0.45. Burlington Stores Inc has a twelve month low of $87.20 and a twelve month high of $175.48. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 7.54.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.19. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Burlington Stores had a net margin of 6.85% and a return on equity of 606.69%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. As a group, equities research analysts predict that Burlington Stores Inc will post 6.22 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fox Run Management L.L.C. acquired a new position in Burlington Stores during the third quarter worth $288,000. CENTRAL TRUST Co boosted its holdings in Burlington Stores by 388.4% during the third quarter. CENTRAL TRUST Co now owns 1,597 shares of the company’s stock worth $260,000 after purchasing an additional 1,270 shares during the last quarter. Northern Trust Corp boosted its holdings in Burlington Stores by 2.9% during the second quarter. Northern Trust Corp now owns 348,765 shares of the company’s stock worth $52,500,000 after purchasing an additional 9,707 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Burlington Stores by 10.8% during the second quarter. Schroder Investment Management Group now owns 523,738 shares of the company’s stock worth $79,598,000 after purchasing an additional 51,143 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Burlington Stores during the second quarter worth $873,000.

BURL has been the subject of several recent analyst reports. UBS Group initiated coverage on shares of Burlington Stores in a research note on Thursday, June 21st. They issued a “sell” rating and a $135.00 target price for the company. Wedbush initiated coverage on shares of Burlington Stores in a research note on Friday, June 22nd. They issued an “outperform” rating and a $175.00 target price for the company. Zacks Investment Research downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. Loop Capital reaffirmed a “buy” rating and issued a $170.00 target price (up previously from $156.00) on shares of Burlington Stores in a research note on Wednesday, June 27th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a research note on Tuesday, July 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $172.75.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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

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