Travis Marquette Sells 84 Shares of Burlington Stores, Inc. (NYSE:BURL) Stock

Burlington Stores, Inc. (NYSE:BURL) COO Travis Marquette sold 84 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $250.91, for a total transaction of $21,076.44. Following the completion of the transaction, the chief operating officer now directly owns 16,853 shares of the company’s stock, valued at $4,228,586.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Burlington Stores Stock Performance

BURL opened at $251.79 on Thursday. The firm has a market cap of $16.07 billion, a P/E ratio of 42.18, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. The business’s fifty day moving average is $264.15 and its 200-day moving average is $233.62. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $282.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Sell-side analysts expect that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after buying an additional 141 shares in the last quarter. Wedmont Private Capital raised its stake in Burlington Stores by 9.8% during the third quarter. Wedmont Private Capital now owns 1,602 shares of the company’s stock worth $397,000 after acquiring an additional 143 shares in the last quarter. CWM LLC lifted its stake in Burlington Stores by 95.0% in the 3rd quarter. CWM LLC now owns 5,266 shares of the company’s stock valued at $1,387,000 after purchasing an additional 2,566 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Burlington Stores by 6.1% during the 3rd quarter. Atomi Financial Group Inc. now owns 1,131 shares of the company’s stock valued at $298,000 after acquiring an additional 65 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Burlington Stores by 63.6% during the third quarter. GAMMA Investing LLC now owns 512 shares of the company’s stock worth $135,000 after purchasing an additional 199 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BURL. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Monday, August 19th. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Morgan Stanley lifted their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $300.00 price target on shares of Burlington Stores in a report on Thursday, August 29th. Finally, Evercore ISI raised their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $294.94.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.