Burlington Stores Inc (NYSE:BURL) VP John Crimmins sold 2,200 shares of Burlington Stores stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $173.55, for a total transaction of $381,810.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Burlington Stores stock traded down $3.28 during midday trading on Thursday, hitting $169.59. 836,800 shares of the stock were exchanged, compared to its average volume of 909,238. Burlington Stores Inc has a 1 year low of $87.20 and a 1 year high of $175.48. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 1.34 and a beta of 0.45. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.05 and a quick ratio of 0.29.
Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.19. Burlington Stores had a net margin of 6.85% and a return on equity of 606.69%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. analysts forecast that Burlington Stores Inc will post 6.2 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on BURL shares. Guggenheim restated a “hold” rating on shares of Burlington Stores in a report on Tuesday, July 3rd. Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a report on Monday, May 28th. Loop Capital restated a “buy” rating and set a $170.00 target price (up previously from $156.00) on shares of Burlington Stores in a report on Wednesday, June 27th. MKM Partners set a $174.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a report on Friday, August 31st. Finally, Buckingham Research lifted their target price on shares of Burlington Stores from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, June 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company. Burlington Stores has a consensus rating of “Buy” and a consensus target price of $169.78.
A number of institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group increased its stake in Burlington Stores by 10.8% during the 2nd quarter. Schroder Investment Management Group now owns 523,738 shares of the company’s stock worth $79,598,000 after buying an additional 51,143 shares during the period. Nomura Holdings Inc. purchased a new stake in Burlington Stores during the 2nd quarter worth $873,000. Verition Fund Management LLC increased its stake in Burlington Stores by 19.9% during the 2nd quarter. Verition Fund Management LLC now owns 11,102 shares of the company’s stock worth $1,671,000 after buying an additional 1,846 shares during the period. California Public Employees Retirement System increased its position in shares of Burlington Stores by 54.7% in the 2nd quarter. California Public Employees Retirement System now owns 99,825 shares of the company’s stock worth $15,027,000 after purchasing an additional 35,315 shares during the last quarter. Finally, Castleark Management LLC increased its position in shares of Burlington Stores by 1,107.7% in the 2nd quarter. Castleark Management LLC now owns 53,620 shares of the company’s stock worth $8,071,000 after purchasing an additional 49,180 shares during the last quarter.
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, 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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