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

Burlington Stores, Inc. (NYSE:BURL) CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Stock Up 0.3 %

Shares of NYSE:BURL opened at $289.98 on Tuesday. The firm has a fifty day moving average price of $278.44 and a two-hundred day moving average price of $264.29. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The company has a market cap of $18.41 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 1.58 and a beta of 1.63.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS 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 period last year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings 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 acquiring an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC bought a new stake in shares of Burlington Stores during the 3rd quarter worth $764,000. Logan Capital Management Inc. lifted its holdings in shares of Burlington Stores by 9.1% during the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after acquiring an additional 4,695 shares during the last quarter. Dai ichi Life Insurance Company Ltd bought a new stake in shares of Burlington Stores during the 3rd quarter worth $1,190,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Burlington Stores by 5.5% during the 2nd quarter. Hsbc Holdings PLC now owns 43,486 shares of the company’s stock worth $10,435,000 after acquiring an additional 2,258 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Telsey Advisory Group restated an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. Evercore ISI raised their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Citigroup raised their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $308.00.

About Burlington Stores

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.