Burlington Stores Inc (NYSE:BURL) EVP Joyce Manning Magrini Sells 7,475 Shares

Burlington Stores Inc (NYSE:BURL) EVP Joyce Manning Magrini sold 7,475 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $225.92, for a total value of $1,688,752.00. Following the completion of the sale, the executive vice president now directly owns 12,783 shares of the company’s stock, valued at $2,887,935.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BURL opened at $223.07 on Wednesday. The company has a debt-to-equity ratio of 8.28, a current ratio of 0.88 and a quick ratio of 0.26. The business has a fifty day simple moving average of $204.43 and a 200 day simple moving average of $185.39. Burlington Stores Inc has a 1 year low of $136.30 and a 1 year high of $229.96. The company has a market capitalization of $14.91 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.96 and a beta of 0.26.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.14. Burlington Stores had a return on equity of 145.12% and a net margin of 6.26%. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the business earned $1.21 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Burlington Stores Inc will post 7.34 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in BURL. Nisa Investment Advisors LLC raised its stake in Burlington Stores by 2.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,585 shares of the company’s stock worth $610,000 after purchasing an additional 85 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Burlington Stores by 5.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 7,881 shares of the company’s stock valued at $1,341,000 after purchasing an additional 400 shares during the period. NEXT Financial Group Inc boosted its holdings in Burlington Stores by 5.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,403 shares of the company’s stock valued at $239,000 after purchasing an additional 73 shares during the period. State of Alaska Department of Revenue grew its position in shares of Burlington Stores by 23.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,591 shares of the company’s stock worth $1,631,000 after purchasing an additional 1,810 shares in the last quarter. Finally, Brookstone Capital Management grew its position in shares of Burlington Stores by 25.4% during the 2nd quarter. Brookstone Capital Management now owns 2,914 shares of the company’s stock worth $496,000 after purchasing an additional 591 shares in the last quarter.

A number of research analysts recently weighed in on BURL shares. OTR Global raised Burlington Stores to a “positive” rating in a report on Wednesday, November 6th. Cowen raised their price target on Burlington Stores from $225.00 to $245.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Burlington Stores in a report on Thursday, August 29th. Barclays lifted their price objective on shares of Burlington Stores from $239.00 to $251.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley upped their price objective on shares of Burlington Stores from $225.00 to $243.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $230.17.

Burlington Stores Company Profile

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, toys, and gifts, as well as baby, home, and beauty products.

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