Thomas Kingsbury Sells 20,000 Shares of Burlington Stores, Inc. (BURL) Stock

Burlington Stores, Inc. (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $111.90, for a total transaction of $2,238,000.00. Following the sale, the chief executive officer now directly owns 437,608 shares in the company, valued at $48,968,335.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Thomas Kingsbury also recently made the following trade(s):

  • On Friday, November 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $98.51, for a total transaction of $1,970,200.00.
  • On Tuesday, October 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The stock was sold at an average price of $92.29, for a total transaction of $1,845,800.00.

Burlington Stores, Inc. (NYSE BURL) opened at $109.32 on Friday. Burlington Stores, Inc. has a 1-year low of $79.07 and a 1-year high of $114.99. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22. The company has a market cap of $7,530.47, a P/E ratio of 28.08, a P/E/G ratio of 1.48 and a beta of 0.56.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm posted $0.51 earnings per share. Burlington Stores’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities analysts expect that Burlington Stores, Inc. will post 4.28 EPS for the current fiscal year.

Burlington Stores declared that its board has approved a stock buyback plan on Thursday, August 24th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

BURL has been the topic of several research analyst reports. Cowen reissued a “buy” rating and issued a $115.00 target price on shares of Burlington Stores in a research report on Tuesday, November 21st. Telsey Advisory Group raised their target price on shares of Burlington Stores from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub raised shares of Burlington Stores from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $115.00 target price (up from $104.00) on shares of Burlington Stores in a research report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $110.49.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in Burlington Stores by 43.0% in the third quarter. Public Employees Retirement System of Ohio now owns 146,488 shares of the company’s stock valued at $13,984,000 after buying an additional 44,034 shares during the period. GSA Capital Partners LLP raised its holdings in Burlington Stores by 18.2% in the third quarter. GSA Capital Partners LLP now owns 9,472 shares of the company’s stock valued at $904,000 after buying an additional 1,459 shares during the period. Davidson Kempner Capital Management LP purchased a new position in Burlington Stores in the third quarter valued at approximately $21,479,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Burlington Stores by 44.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,878 shares of the company’s stock valued at $276,000 after purchasing an additional 886 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Burlington Stores by 84.4% during the third quarter. Cubist Systematic Strategies LLC now owns 18,648 shares of the company’s stock valued at $1,780,000 after purchasing an additional 8,535 shares during the period.

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About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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

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