Fred Hand Sells 4,071 Shares of Burlington Stores Inc (BURL) Stock

Burlington Stores Inc (NYSE:BURL) insider Fred Hand sold 4,071 shares of Burlington Stores stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $173.00, for a total value of $704,283.00. Following the completion of the sale, the insider now directly owns 67,903 shares in the company, valued at approximately $11,747,219. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Fred Hand also recently made the following trade(s):

  • On Friday, October 5th, Fred Hand sold 4,071 shares of Burlington Stores stock. The shares were sold at an average price of $152.12, for a total value of $619,280.52.
  • On Tuesday, September 4th, Fred Hand sold 4,071 shares of Burlington Stores stock. The shares were sold at an average price of $172.42, for a total value of $701,921.82.

NYSE:BURL opened at $173.62 on Friday. The company has a debt-to-equity ratio of 7.54, a quick ratio of 0.29 and a current ratio of 1.05. The stock has a market capitalization of $11.63 billion, a P/E ratio of 39.73, a P/E/G ratio of 1.33 and a beta of 0.37. Burlington Stores Inc has a 52-week low of $96.04 and a 52-week high of $177.88.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. Burlington Stores’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, analysts anticipate that Burlington Stores Inc will post 6.22 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in BURL. FMR LLC increased its position in shares of Burlington Stores by 39.7% in the second quarter. FMR LLC now owns 3,445,692 shares of the company’s stock valued at $518,680,000 after acquiring an additional 979,815 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Burlington Stores by 1,187.5% in the second quarter. Renaissance Technologies LLC now owns 875,500 shares of the company’s stock valued at $131,789,000 after acquiring an additional 807,500 shares during the last quarter. Marshall Wace LLP increased its position in shares of Burlington Stores by 7,311.1% in the second quarter. Marshall Wace LLP now owns 467,347 shares of the company’s stock valued at $70,350,000 after acquiring an additional 461,041 shares during the last quarter. Millennium Management LLC increased its position in shares of Burlington Stores by 257.1% in the second quarter. Millennium Management LLC now owns 563,195 shares of the company’s stock valued at $84,778,000 after acquiring an additional 405,470 shares during the last quarter. Finally, Natixis increased its position in shares of Burlington Stores by 386.2% in the second quarter. Natixis now owns 493,433 shares of the company’s stock valued at $74,276,000 after acquiring an additional 391,945 shares during the last quarter.

BURL has been the topic of several recent research reports. MKM Partners set a $174.00 price target on Burlington Stores and gave the company a “buy” rating in a research note on Friday, August 31st. Zacks Investment Research downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Loop Capital set a $180.00 price target on Burlington Stores and gave the company a “buy” rating in a research note on Thursday, August 30th. Deutsche Bank lifted their price target on Burlington Stores from $175.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Finally, Wells Fargo & Co lifted their price target on Burlington Stores from $165.00 to $178.00 and gave the company an “outperform” rating in a research note on Friday, August 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $172.75.

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Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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Insider Buying and Selling by Quarter for Burlington Stores (NYSE:BURL)

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