Jennifer Vecchio Sells 4,939 Shares of Burlington Stores, Inc. (NYSE:BURL) Stock

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, February 3rd, Jennifer Vecchio sold 493 shares of Burlington Stores stock. The stock was sold at an average price of $275.75, for a total value of $135,944.75.
• On Thursday, January 2nd, Jennifer Vecchio sold 494 shares of Burlington Stores stock. The shares were sold at an average price of $284.95, for a total value of $140,765.30.

Burlington Stores Trading Down 3.1 %

NYSE BURL traded down $7.59 on Friday, hitting $238.00. The company's stock had a trading volume of 889,357 shares, compared to its average volume of 951,385. The company's 50-day moving average is $254.91 and its 200 day moving average is $266.54. The firm has a market cap of $15.04 billion, a PE ratio of 32.60, a PEG ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

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Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BURL has been the topic of several recent analyst reports. Morgan Stanley raised their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Barclays lifted their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Citigroup cut their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research note on Friday, March 7th. UBS Group lifted their price target on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Burlington Stores has an average rating of "Moderate Buy" and a consensus price target of $323.20.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds have recently made changes to their positions in BURL. Capital International Investors increased its position in Burlington Stores by 7.7% during the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock valued at $1,470,929,000 after purchasing an additional 367,703 shares during the period. SRS Investment Management LLC increased its position in shares of Burlington Stores by 10.8% during the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock worth $362,146,000 after buying an additional 123,973 shares during the period. Geode Capital Management LLC increased its position in shares of Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock worth $308,403,000 after buying an additional 8,892 shares during the period. Alyeska Investment Group L.P. raised its stake in Burlington Stores by 23.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock worth $299,772,000 after buying an additional 197,187 shares during the last quarter. Finally, Anomaly Capital Management LP lifted its holdings in Burlington Stores by 21.9% in the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock valued at $274,023,000 after buying an additional 172,431 shares during the period.

Burlington Stores Company Profile

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.