Burlington Stores, Inc. (NYSE:BURL – Get Free Report) CMO Jennifer Vecchio sold 1,678 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $271.53, for a total transaction of $455,627.34. Following the transaction, the chief marketing officer directly owned 74,305 shares of the company’s stock, valued at $20,176,036.65. This trade represents a 2.21% decrease in their position. The transaction 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 Monday, August 3rd, Jennifer Vecchio sold 1,678 shares of Burlington Stores stock. The shares were sold at an average price of $369.04, for a total value of $619,249.12.
Burlington Stores Trading Down 1.5%
Shares of BURL stock opened at $272.16 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 1.68 and a beta of 1.43. Burlington Stores, Inc. has a 12-month low of $226.85 and a 12-month high of $378.33. The stock’s 50-day moving average price is $294.59 and its 200-day moving average price is $315.07.
Institutional Trading of Burlington Stores
A number of institutional investors have recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Burlington Stores in the second quarter valued at $3,210,000. Bull Harbor Capital LLC bought a new position in Burlington Stores during the 1st quarter valued at about $1,091,000. Advisors Capital Management LLC purchased a new stake in Burlington Stores in the 2nd quarter worth about $3,133,000. Hsbc Holdings PLC lifted its stake in Burlington Stores by 41.4% in the second quarter. Hsbc Holdings PLC now owns 60,706 shares of the company’s stock worth $19,237,000 after purchasing an additional 17,787 shares during the last quarter. Finally, Sculptor Capital LP bought a new stake in Burlington Stores in the second quarter worth about $56,549,000.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Burlington Stores from $438.00 to $432.00 and set an “overweight” rating for the company in a report on Friday, August 28th. Wall Street Zen lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. UBS Group lifted their price objective on shares of Burlington Stores from $435.00 to $440.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Sanford C. Bernstein reduced their target price on shares of Burlington Stores from $365.00 to $355.00 and set an “outperform” rating on the stock in a report on Friday, August 28th. Finally, Wells Fargo & Company set a $370.00 target price on shares of Burlington Stores in a research report on Friday, August 28th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $370.75.
Read Our Latest Research Report on Burlington Stores
Burlington Stores Company Profile
Burlington Stores, Inc is an off-price retailer operating under the Burlington brand. The company offers a broad assortment of branded and private-label merchandise at prices generally below those of department stores and specialty retailers.
Its product categories include women’s, men’s and children’s clothing; footwear; accessories; beauty products; home goods; and baby merchandise. Burlington’s stores typically feature a continuously changing selection sourced through opportunistic purchasing, allowing the company to offer seasonal and fashion-oriented products across multiple departments.
The company was founded in 1972 as Burlington Coat Factory Warehouse Corporation and initially focused on selling coats and outerwear.
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