Burlington Stores, Inc. (NYSE:BURL – Get Free Report) CMO Jennifer Vecchio sold 1,678 shares of Burlington Stores stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $315.42, for a total transaction of $529,274.76. Following the transaction, the chief marketing officer directly owned 79,339 shares in the company, valued at $25,025,107.38. This trade represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Jennifer Vecchio also recently made the following trade(s):
- On Friday, June 12th, Jennifer Vecchio sold 20,920 shares of Burlington Stores stock. The stock was sold at an average price of $341.53, for a total value of $7,144,807.60.
Burlington Stores Trading Down 0.2%
BURL stock traded down $0.52 during midday trading on Monday, hitting $312.66. The company had a trading volume of 564,837 shares, compared to its average volume of 817,710. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 1.03. Burlington Stores, Inc. has a 52 week low of $240.49 and a 52 week high of $351.85. The stock has a market cap of $19.68 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.69 and a beta of 1.46. The stock’s 50 day moving average price is $318.47 and its 200 day moving average price is $311.62.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in BURL. Stone House Investment Management LLC bought a new position in Burlington Stores during the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC bought a new stake in Burlington Stores during the third quarter worth approximately $28,000. Harbour Investments Inc. lifted its stake in shares of Burlington Stores by 44.7% in the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. Reflection Asset Management purchased a new stake in Burlington Stores during the 4th quarter valued at $34,000. Finally, Larson Financial Group LLC lifted its position in Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock worth $36,000 after buying an additional 81 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on BURL. UBS Group reissued a “buy” rating and set a $435.00 price target on shares of Burlington Stores in a research report on Friday, May 29th. JPMorgan Chase & Co. decreased their target price on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Bank of America increased their price objective on shares of Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Jefferies Financial Group reissued a “buy” rating and issued a $365.00 target price on shares of Burlington Stores in a report on Friday, May 29th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $365.00 price objective on shares of Burlington Stores in a research note on Tuesday, March 31st. Fifteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $353.56.
Read Our Latest Report on Burlington Stores
Burlington Stores Company Profile
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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