Insider Selling: Burlington Stores, Inc. (NYSE:BURL) CMO Sells 493 Shares of Stock

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) CMO Jennifer Vecchio sold 493 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares of the company's stock, valued at approximately $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $140,765.30.
• 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

BURL traded down $9.39 on Friday, hitting $260.05. 1,056,478 shares of the company traded hands, compared to its average volume of 708,592. The company has a 50 day moving average of $286.32 and a 200-day moving average of $271.23. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The stock has a market capitalization of $16.51 billion, a PE ratio of 35.62, a PEG ratio of 1.24 and a beta of 1.62. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC lifted its position in Burlington Stores by 18.4% in the fourth quarter. HighTower Advisors LLC now owns 3,471 shares of the company's stock valued at $989,000 after purchasing an additional 540 shares during the period. Independent Advisor Alliance acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $873,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Burlington Stores by 1.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,425 shares of the company's stock valued at $6,107,000 after buying an additional 338 shares in the last quarter. Argentarii LLC acquired a new position in Burlington Stores during the fourth quarter worth $482,000. Finally, Callan Family Office LLC purchased a new position in Burlington Stores in the fourth quarter worth $269,000.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays decreased their price target on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a report on Wednesday, November 27th. Telsey Advisory Group restated an "outperform" rating and set a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. Evercore ISI increased their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. TD Cowen raised their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Robert W. Baird upped their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $317.87.

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.