Burlington Stores, Inc. (NYSE:BURL) CMO Sells $140,765.30 in Stock

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) CMO Jennifer Vecchio sold 494 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares of the company's stock, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jennifer Vecchio also recently made the following trade(s):

• On Monday, December 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66.

Burlington Stores Stock Performance

Shares of NYSE:BURL traded up $0.82 during trading on Monday, reaching $289.98. The stock had a trading volume of 699,076 shares, compared to its average volume of 695,092. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 39.72, a P/E/G ratio of 1.58 and a beta of 1.63. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $278.44 and a two-hundred day simple moving average of $264.29.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The company's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Burlington Stores

Institutional investors and hedge funds have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the third quarter worth $26,000. Brooklyn Investment Group bought a new position in Burlington Stores during the third quarter worth $33,000. UMB Bank n.a. increased its position in Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company's stock worth $47,000 after acquiring an additional 141 shares during the period. AM Squared Ltd bought a new position in Burlington Stores during the third quarter worth $53,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Burlington Stores during the third quarter worth $57,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on BURL. Telsey Advisory Group restated an "outperform" rating and set a $310.00 price target on shares of Burlington Stores in a report on Tuesday, November 26th. StockNews.com cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Citigroup raised their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Morgan Stanley raised their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Finally, Robert W. Baird raised their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $308.00.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.