Burlington Stores Inc (NYSE:BURL) insider Joyce Manning Magrini sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $125.64, for a total transaction of $314,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Joyce Manning Magrini also recently made the following trade(s):

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  • On Thursday, February 1st, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The shares were sold at an average price of $122.16, for a total transaction of $293,184.00.
  • On Tuesday, January 2nd, Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock. The shares were sold at an average price of $122.98, for a total transaction of $295,152.00.

Burlington Stores Inc (NYSE:BURL) traded up $0.08 during trading on Wednesday, hitting $127.16. 1,020,000 shares of the company’s stock traded hands, compared to its average volume of 1,060,000. Burlington Stores Inc has a 1 year low of $79.07 and a 1 year high of $128.93. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. The company has a market cap of $8,680.00, a PE ratio of 23.08, a P/E/G ratio of 1.17 and a beta of 0.48.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.08. Burlington Stores had a net margin of 6.31% and a negative return on equity of 367.54%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business posted $1.78 EPS. Burlington Stores’s quarterly revenue was up 14.9% compared to the same quarter last year. sell-side analysts expect that Burlington Stores Inc will post 5.75 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB purchased a new stake in shares of Burlington Stores during the 4th quarter worth approximately $787,000. Envestnet Asset Management Inc. increased its stake in shares of Burlington Stores by 14.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,924 shares of the company’s stock worth $2,082,000 after purchasing an additional 2,133 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of Burlington Stores during the 4th quarter worth approximately $288,000. BB&T Securities LLC purchased a new stake in shares of Burlington Stores during the 4th quarter worth approximately $372,000. Finally, Castleark Management LLC purchased a new stake in shares of Burlington Stores during the 4th quarter worth approximately $500,000.

BURL has been the topic of several recent research reports. Cowen set a $132.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Monday, November 27th. BMO Capital Markets set a $120.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Wednesday, November 22nd. SunTrust Banks lifted their target price on shares of Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $115.00 target price (up previously from $104.00) on shares of Burlington Stores in a research report on Wednesday, November 22nd. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $129.43.

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About Burlington Stores

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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