Burlington Stores, Inc. (NYSE:BURL – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Report on Burlington Stores
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.
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