There has been some selling insider activity on Burlington Stores, Inc. (NYSE:BURL) recently. Thomas Kingsbury, President & CEO let go of $1,777,200 worth of shares at an average price of $88.86 on Mon the 10th. That brings the President & CEO’s holdings to $47,567,469 as recorded in a recent Form 4 SEC filing. Joyce Manning Magrini, EVP disclosed the sale of 3,333 shares of (BURL). The shares were purchased at an average price of $98.43. Magrini now owns $5,805,598 of the stock per the Form 4 SEC filing.
Thomas Kingsbury, President & CEO sold $1,968,800 worth of shares at an average price of $98.44 on Thu the 1st. Kingsbury now owns $54,664,520 of stock per an SEC filing yesterday.
Burlington Stores, Inc., launched on February 13, 2013, 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. The product categories for coats include women’s coats and jackets, men’s coats and jackets, juniors coats and jackets, girls coats and jackets, boy’s coats and jackets, baby girl coats and jackets, and baby boy coats and jackets. The product categories for women include active wear, bottoms, coats and jackets, dresses, tops, scrubs, suit and suit separates, sweaters, swimwear and cover-ups. It also includes accessories, beauty and fragrance, handbags, jewelry, shoes and watches. The product categories for men include accessories, active wear, casual button down shirts, dress shirts, men’s coats jackets, fleece, graphic tees, hoodies and sweatshirts, jeans, joggers, long sleeve, pajamas and robes, pants, polos, shorts, socks and underwear, suits and suit separates, sweaters, vests and swimwear..
These firms have also modified their investment in BURL. Clinton Group Inc bolstered its ownership by buying 20,084 shares an increase of 324.3% as of 03/31/2017. Clinton Group Inc claims 26,277 shares with a value of $2,556,000. The total value of its holdings increased 386.9%. Creative Planning augmented its investment by buying 167 shares an increase of 214.1% in the quarter. Creative Planning now controls 245 shares valued at $23,000. The value of the position overall is up by 187.5%.
As of quarter end Gw&k Investment Management, LLC had bought a total of 49,098 shares growing its holdings by 17.1%. The value of the total investment in Burlington Stores, Inc. increased from $27,958,000 to $30,951,000 a change of 10.7% quarter over quarter. Iberiabank Corp added to its position by buying 1,021 shares an increase of 17.3% from 03/31/2017 to 06/30/2017. Iberiabank Corp currently owns 6,929 shares worth $637,000. The value of the position overall is up by 10.8%.
Equity analyst Guggenheim Securities initiated coverage on BURL giving it an initial rating of “Neutral”. On August 26 the company was rated “Buy” by MKM Partners which is up from the previous “Neutral” rating.
On August 26 Buckingham Research kept the company rating at “Outperform” but moved up the price target to $90.00 from $67.00. August 26 investment analysts at BMO Capital maintained a company rating of “Outperform” but raised the price expectation from $65.00 to $96.00.
July 19 investment analysts at Morgan Stanley made no change to the stock rating of “” and raised the price target to $74.00 from $47.00. May 27 investment analysts at Citigroup left the stock rating at “Buy” but raised the price target to $67.00 from $58.00.
The company is now up by 1.95 percent from yesterday’s close. It is currently trading at $88.99 which is marginally under $95.81, the stock’s 50 day moving average and slightly below the 200 day moving average of $91.81. The 50 day moving average was down by -7.12% and the 200 day average went down by -3.07%.
The P/E ratio is currently 27.61 and the market value is 6.15B. In the last earnings report the EPS was $3.22 and is estimated to be $3.97 for the current year with 69,091,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.59 and the next full year EPS is anticipated to be $4.53.