Burlington Stores, Inc. (NYSE:BURL) Director Paul Sullivan Sells 1,705 Shares

Burlington Stores, Inc. (NYSE:BURL) Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Burlington Stores Trading Up 0.2 %

BURL traded up $0.56 on Monday, hitting $271.95. 919,263 shares of the company were exchanged, compared to its average volume of 902,869. The stock has a market capitalization of $17.36 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $282.49. The firm has a fifty day simple moving average of $260.88 and a two-hundred day simple moving average of $229.88. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Sell-side analysts expect that Burlington Stores, Inc. will post 7.86 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in Burlington Stores by 20.4% during the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after purchasing an additional 53 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Burlington Stores by 3.4% in the first quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock worth $386,000 after buying an additional 54 shares during the period. Signaturefd LLC raised its holdings in shares of Burlington Stores by 9.1% in the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after buying an additional 54 shares during the period. Cetera Investment Advisers grew its stake in Burlington Stores by 0.5% in the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after purchasing an additional 61 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its stake in Burlington Stores by 6.5% in the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after purchasing an additional 65 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets upped their price target on Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Evercore ISI upped their price target on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Morgan Stanley increased their price objective on Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 30th. TD Cowen increased their price objective on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Citigroup increased their price target on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.94.

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.