Fred Hand Sells 6,484 Shares of Burlington Stores Inc (BURL) Stock

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Burlington Stores Inc (NYSE:BURL) insider Fred Hand sold 6,484 shares of Burlington Stores stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $157.58, for a total transaction of $1,021,748.72. Following the sale, the insider now owns 58,614 shares of the company’s stock, valued at $9,236,394.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Thursday, April 11th, Fred Hand sold 6,486 shares of Burlington Stores stock. The shares were sold at an average price of $156.90, for a total transaction of $1,017,653.40.
  • On Monday, March 18th, Fred Hand sold 6,486 shares of Burlington Stores stock. The shares were sold at an average price of $140.00, for a total transaction of $908,040.00.

Shares of BURL traded up $2.42 during trading hours on Thursday, hitting $163.19. The stock had a trading volume of 18,969 shares, compared to its average volume of 1,200,091. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.02 and a quick ratio of 0.25. Burlington Stores Inc has a fifty-two week low of $134.59 and a fifty-two week high of $180.27. The stock has a market cap of $10.83 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.32 and a beta of 0.16.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.06. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the business posted $3.59 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. Equities analysts expect that Burlington Stores Inc will post 7 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of BURL. Claybrook Capital LLC purchased a new stake in Burlington Stores in the 4th quarter worth $25,000. Shine Investment Advisory Services Inc. increased its holdings in Burlington Stores by 101.1% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock worth $28,000 after acquiring an additional 91 shares in the last quarter. Pearl River Capital LLC purchased a new stake in Burlington Stores in the 4th quarter worth $33,000. Huntington National Bank grew its holdings in shares of Burlington Stores by 147.2% during the first quarter. Huntington National Bank now owns 220 shares of the company’s stock worth $34,000 after buying an additional 131 shares in the last quarter. Finally, Bremer Bank National Association purchased a new stake in shares of Burlington Stores during the first quarter worth $41,000.

BURL has been the subject of several research reports. ValuEngine upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Deutsche Bank lifted their price objective on shares of Burlington Stores from $164.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Cowen set a $165.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research note on Thursday, March 7th. Loop Capital lifted their price objective on shares of Burlington Stores to $200.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Burlington Stores currently has a consensus rating of “Buy” and an average price target of $179.79.

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About Burlington Stores

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, toys, and gifts, as well as baby, home, and beauty products.

Further Reading: What are the Different Types of Leveraged Buyouts?

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

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