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 Monday, August 3rd. The stock was sold at an average price of $369.04, for a total value of $619,249.12. Following the completion of the sale, the chief marketing officer directly owned 77,661 shares in the company, valued at $28,660,015.44. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jennifer Vecchio also recently made the following trade(s):
- On Wednesday, July 1st, Jennifer Vecchio sold 1,678 shares of Burlington Stores stock. The shares were sold at an average price of $315.42, for a total transaction of $529,274.76.
- On Friday, June 12th, Jennifer Vecchio sold 20,920 shares of Burlington Stores stock. The shares were sold at an average price of $341.53, for a total transaction of $7,144,807.60.
Burlington Stores Price Performance
Shares of BURL opened at $370.99 on Friday. Burlington Stores, Inc. has a 1-year low of $240.49 and a 1-year high of $378.33. The firm has a 50-day simple moving average of $336.97 and a two-hundred day simple moving average of $321.09. The stock has a market cap of $23.35 billion, a PE ratio of 38.13, a P/E/G ratio of 1.99 and a beta of 1.44. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.16 and a quick ratio of 0.49.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in BURL. Signaturefd LLC grew its holdings in Burlington Stores by 4.4% during the fourth quarter. Signaturefd LLC now owns 787 shares of the company’s stock worth $227,000 after buying an additional 33 shares in the last quarter. Harbour Investments Inc. lifted its stake in Burlington Stores by 44.7% during the 4th quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Burlington Stores by 6.4% during the 4th quarter. Fifth Third Bancorp now owns 585 shares of the company’s stock worth $169,000 after acquiring an additional 35 shares during the last quarter. Vident Advisory LLC lifted its position in shares of Burlington Stores by 1.1% during the second quarter. Vident Advisory LLC now owns 3,330 shares of the company’s stock valued at $775,000 after purchasing an additional 36 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Burlington Stores by 14.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after purchasing an additional 38 shares during the last quarter.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and set a $365.00 target price on shares of Burlington Stores in a research report on Friday, May 29th. Morgan Stanley reissued an “overweight” rating on shares of Burlington Stores in a research report on Thursday. Barclays boosted their price objective on shares of Burlington Stores from $365.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. decreased their price target on Burlington Stores from $374.00 to $351.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.56.
Check Out Our Latest Research Report on BURL
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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