Burlington Stores, Inc. (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $87.81, for a total transaction of $1,756,200.00. Following the sale, the chief executive officer now owns 495,308 shares in the company, valued at $43,492,995.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Thomas Kingsbury also recently made the following trade(s):

  • On Thursday, August 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $84.03, for a total transaction of $1,680,600.00.
  • On Monday, July 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $88.20, for a total transaction of $1,764,000.00.

Burlington Stores, Inc. (NYSE BURL) traded up 0.19% on Thursday, reaching $90.98. 221,178 shares of the company were exchanged. The stock has a market capitalization of $6.20 billion, a P/E ratio of 25.13 and a beta of 0.51. The company’s 50-day moving average price is $86.07 and its 200-day moving average price is $92.43. Burlington Stores, Inc. has a 12-month low of $68.94 and a 12-month high of $104.07.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.22. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Burlington Stores, Inc. will post $4.20 earnings per share for the current fiscal year.

Burlington Stores declared that its board has authorized a stock buyback program on Thursday, August 24th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. M&T Bank Corp raised its holdings in Burlington Stores by 1.5% during the first quarter. M&T Bank Corp now owns 2,583 shares of the company’s stock worth $252,000 after buying an additional 37 shares during the last quarter. Raymond James Trust N.A. raised its holdings in Burlington Stores by 1.1% during the second quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock worth $350,000 after buying an additional 40 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Burlington Stores by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock worth $517,000 after buying an additional 41 shares during the last quarter. Advisor Group Inc. raised its holdings in Burlington Stores by 9.2% during the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after buying an additional 128 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Burlington Stores by 6.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock worth $283,000 after buying an additional 191 shares during the last quarter.

BURL has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Bank of America Corporation raised their price objective on shares of Burlington Stores from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, May 30th. Zacks Investment Research lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. MKM Partners restated a “buy” rating and set a $108.00 price objective (up from $104.00) on shares of Burlington Stores in a report on Tuesday, May 30th. Finally, Cowen and Company restated an “outperform” rating and set a $110.00 price objective on shares of Burlington Stores in a report on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $105.75.

Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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

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