Burlington Stores, Inc. (BURL) Insider Joyce Manning Magrini Sells 2,400 Shares of Stock

Burlington Stores, Inc. (NYSE:BURL) insider Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total value of $295,152.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Friday, December 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The stock was sold at an average price of $107.75, for a total value of $258,600.00.
  • On Wednesday, November 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The stock was sold at an average price of $95.37, for a total value of $228,888.00.

Shares of Burlington Stores, Inc. (NYSE:BURL) traded up $1.12 during trading hours on Friday, reaching $122.47. The company’s stock had a trading volume of 1,149,600 shares, compared to its average volume of 1,138,900. The company has a market cap of $8,450.00, a P/E ratio of 32.14, a PEG ratio of 1.62 and a beta of 0.56. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22. Burlington Stores, Inc. has a 52-week low of $79.07 and a 52-week high of $125.82.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. sell-side analysts forecast that Burlington Stores, Inc. will post 4.28 EPS for the current year.

A number of equities analysts have recently weighed in on BURL shares. TheStreet raised Burlington Stores from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. SunTrust Banks set a $109.00 price target on Burlington Stores and gave the stock a “buy” rating in a report on Monday, October 16th. Deutsche Bank initiated coverage on Burlington Stores in a report on Thursday, September 14th. They set a “buy” rating and a $108.00 price target for the company. BMO Capital Markets reiterated a “buy” rating and set a $115.00 price target on shares of Burlington Stores in a report on Wednesday, September 13th. Finally, Buckingham Research reiterated a “buy” rating and set a $107.00 price target on shares of Burlington Stores in a report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $110.49.

A number of large investors have recently made changes to their positions in BURL. Legal & General Group Plc grew its stake in Burlington Stores by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 41,662 shares of the company’s stock valued at $3,832,000 after purchasing an additional 1,479 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Burlington Stores by 6.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock valued at $283,000 after purchasing an additional 191 shares during the period. Swiss National Bank grew its stake in Burlington Stores by 0.8% in the 2nd quarter. Swiss National Bank now owns 117,700 shares of the company’s stock valued at $10,827,000 after purchasing an additional 900 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in Burlington Stores in the 2nd quarter valued at $3,510,000. Finally, Gareth Morgan Investments Limited Partnership grew its stake in Burlington Stores by 292.6% in the 2nd quarter. Gareth Morgan Investments Limited Partnership now owns 55,853 shares of the company’s stock valued at $5,138,000 after purchasing an additional 41,625 shares during the period.

COPYRIGHT VIOLATION WARNING: This piece was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2018/01/05/burlington-stores-inc-burl-insider-joyce-manning-magrini-sells-2400-shares-of-stock.html.

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)

Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit