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.
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.
Featured Article: What is a Fiduciary?
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.