Insider Selling: Burlington Stores Inc (BURL) Insider Sells 6,486 Shares of Stock

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Burlington Stores Inc (NYSE:BURL) insider Fred Hand sold 6,486 shares of Burlington Stores stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $156.90, for a total transaction of $1,017,653.40. Following the completion of the transaction, the insider now directly owns 55,489 shares in the company, valued at approximately $8,706,224.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fred Hand also recently made the following trade(s):

  • On Monday, March 18th, Fred Hand sold 6,486 shares of Burlington Stores stock. The shares were sold at an average price of $140.00, for a total transaction of $908,040.00.
  • On Tuesday, February 5th, Fred Hand sold 4,075 shares of Burlington Stores stock. The shares were sold at an average price of $175.19, for a total transaction of $713,899.25.

BURL traded up $1.72 during trading on Monday, reaching $160.15. 707,764 shares of the company’s stock were exchanged, compared to its average volume of 1,189,294. Burlington Stores Inc has a fifty-two week low of $132.35 and a fifty-two week high of $180.27. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.02 and a quick ratio of 0.25. The company has a market capitalization of $10.62 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.30 and a beta of 0.14.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $2.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.77 by $0.06. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the company earned $3.59 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts expect that Burlington Stores Inc will post 7.03 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Claybrook Capital LLC acquired a new stake in Burlington Stores during the fourth quarter worth $25,000. Pearl River Capital LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at $33,000. Huntington National Bank boosted its stake in shares of Burlington Stores by 147.2% in the 1st quarter. Huntington National Bank now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 131 shares in the last quarter. Executive Wealth Management LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at $54,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at $57,000.

A number of equities analysts have recently commented on BURL shares. Loop Capital lifted their price target on shares of Burlington Stores to $185.00 and gave the company a “buy” rating in a research report on Friday, December 28th. Wedbush reissued a “neutral” rating and issued a $155.00 price target on shares of Burlington Stores in a research report on Friday, January 4th. Zacks Investment Research downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. ValuEngine downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, Cowen set a $165.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $176.50.

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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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Insider Buying and Selling by Quarter for Burlington Stores (NYSE:BURL)

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