Burlington Stores Inc. (BURL) CEO Thomas Kingsbury Sells 20,000 Shares
Burlington Stores Inc. (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $79.73, for a total value of $1,594,600.00. Following the transaction, the chief executive officer now directly owns 586,822 shares of the company’s stock, valued at $46,787,318.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Thomas Kingsbury also recently made the following trade(s):
- On Monday, August 1st, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $76.21, for a total value of $1,524,200.00.
Burlington Stores Inc. (NYSE:BURL) traded up 1.24% during mid-day trading on Friday, hitting $80.97. The stock had a trading volume of 101,599 shares. Burlington Stores Inc. has a 52-week low of $39.40 and a 52-week high of $87.23. The stock has a market cap of $5.72 billion, a P/E ratio of 34.68 and a beta of 0.39. The firm has a 50-day moving average of $81.69 and a 200-day moving average of $67.59.
Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 25th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.30 by $0.09. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Burlington Stores had a negative return on equity of 183.69% and a net margin of 3.22%. Burlington Stores’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, analysts forecast that Burlington Stores Inc. will post $2.98 EPS for the current fiscal year.
BURL has been the subject of several analyst reports. Bank of America Corp. reaffirmed a “buy” rating and issued a $95.00 price objective (up from $90.00) on shares of Burlington Stores in a research note on Monday, September 26th. Guggenheim initiated coverage on Burlington Stores in a research note on Friday, September 30th. They issued a “neutral” rating for the company. Buckingham Research raised their price objective on Burlington Stores from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, August 26th. Telsey Advisory Group raised their price objective on Burlington Stores from $84.00 to $86.00 and gave the company a “market perform” rating in a research note on Friday, August 26th. Finally, Royal Bank Of Canada raised their price objective on Burlington Stores from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $85.18.
Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. purchased a new position in shares of Burlington Stores during the second quarter valued at about $112,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Burlington Stores during the second quarter valued at about $120,000. DIAM Co. Ltd. purchased a new position in shares of Burlington Stores during the second quarter valued at about $178,000. Nisa Investment Advisors LLC raised its position in shares of Burlington Stores by 250.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the company’s stock valued at $187,000 after buying an additional 2,000 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new position in shares of Burlington Stores during the second quarter valued at about $203,000.
Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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