Insider Filings: Marc Katz Sold 8,000 Shares of Burlington Stores Inc (NYSE:BURL)

November 29, 2016 - By Hazel Jackson

Insider Filings: Marc Katz Sold 8,000 Shares of Burlington Stores Inc (NYSE:BURL)

Marc Katz Insider Sell

According to a document submitted to the DC-based SEC on 29-11-2016, Marc Katz, EVP & Chief Financial Officer of Burlington Stores Inc and an insider, made a sale of 8,000 shares of the corporation for the sum of $708,080 USD calculated with average price per share of $88.5. Marc Katz now possess 92,465 shares of Burlington Stores Inc.

Burlington Stores Inc (NYSE:BURL) Ratings Coverage

Out of 10 analysts covering Burlington Stores (NYSE:BURL), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. $99 is the highest target while $58 is the lowest. The $88.88 average target is -0.19% below today’s ($89.05) stock price. Burlington Stores has been the topic of 21 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, August 26 by Cowen & Co. The stock has “Buy” rating given by Goldman Sachs on Friday, May 27. Telsey Advisory Group maintained Burlington Stores Inc (NYSE:BURL) rating on Friday, August 26. Telsey Advisory Group has “Market Perform” rating and $86 price target. The firm earned “Neutral” rating on Friday, August 26 by Citigroup. As per Friday, August 26, the company rating was maintained by Buckingham Research. The rating was maintained by Citigroup on Friday, May 27 with “Neutral”. The rating was upgraded by Goldman Sachs on Thursday, January 21 to “Buy”. The firm has “Neutral” rating by Guggenheim given on Friday, September 30. The rating was maintained by Telsey Advisory Group on Wednesday, November 23 with “Market Perform”. The stock has “Buy” rating given by BB&T Capital on Tuesday, January 19.

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.05, from 0.94 in 2016Q1. The ratio is negative, as 37 funds sold all Burlington Stores Inc shares owned while 91 reduced positions. 50 funds bought stakes while 70 increased positions. They now own 71.05 million shares or 8.53% less from 77.67 million shares in 2016Q1.

Archford Cap Strategies Lc, a Illinois-based fund reported 80 shares. The Minnesota-based Ameriprise has invested 0.03% in Burlington Stores Inc (NYSE:BURL). State Of Wisconsin Board accumulated 47,400 shares or 0.01% of the stock. The Massachusetts-based Rhumbline Advisers has invested 0.01% in Burlington Stores Inc (NYSE:BURL). Geneva Llc accumulated 0.29% or 219,100 shares. The Kansas-based Waddell & Reed has invested 0.04% in Burlington Stores Inc (NYSE:BURL). Bnp Paribas Inv Prtnrs Sa holds 0.05% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 91,220 shares. Diam Limited holds 0% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 2,724 shares. Moreover, Allianz Asset Ag has 0.01% invested in Burlington Stores Inc (NYSE:BURL) for 140,058 shares. Prudential holds 10,997 shares or 0% of its portfolio. Wellington Shields Ltd Liability Corp holds 0.06% of its portfolio in Burlington Stores Inc (NYSE:BURL) for 5,000 shares. Omers Administration has invested 0.03% of its portfolio in Burlington Stores Inc (NYSE:BURL). Guggenheim Capital Llc holds 22,103 shares or 0% of its portfolio. Fmr Llc has 1.28M shares for 0.01% of their US portfolio. Nordea Inv Mngmt Ab has invested 0% of its portfolio in Burlington Stores Inc (NYSE:BURL).

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 17 sales for $15.53 million net activity. Metheny Mike also sold $268,310 worth of Burlington Stores Inc (NYSE:BURL) on Tuesday, July 12. Shares for $810,000 were sold by Katz Marc. 20,948 shares with value of $1.67 million were sold by Seeger Eric on Wednesday, October 5. $973,141 worth of Burlington Stores Inc (NYSE:BURL) shares were sold by Hand Fred. MAGRINI JOYCE MANNING had sold 7,300 shares worth $600,309 on Thursday, September 1. Kingsbury Thomas sold $1.59 million worth of Burlington Stores Inc (NYSE:BURL) on Monday, October 3.

About 1.28 million shares traded hands. Burlington Stores Inc (NYSE:BURL) has risen 53.00% since April 26, 2016 and is uptrending. It has outperformed by 47.74% the S&P500.

Burlington Stores, Inc. is a retailer of branded apparel. The company has a market cap of $6.17 billion. The Firm has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats. It has a 34.2 P/E ratio. It sells a selection of merchandise acquired directly from manufacturers and other suppliers.

According to Zacks Investment Research, “Burlington Stores, Inc. operates as an off-price apparel and home product retailer. It provides its customers with a selection of fashionable branded product in women’s ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home goods and coats. The Company operates within the United States and Puerto Rico. Burlington Stores, Inc. is headquartered in Burlington, New Jersey.”

More recent Burlington Stores Inc (NYSE:BURL) news were published by: Fool.com which released: “Why Burlington Stores Inc. Stock Jumped Today” on November 22, 2016. Also Businesswire.com published the news titled: “Burlington Stores, Inc. Announces Third Quarter and First Nine Months Fiscal ..” on November 22, 2016. Businesswire.com‘s news article titled: “Burlington Stores, Inc. Announces Third Quarter 2016 Earnings Release Date and ..” with publication date: November 15, 2016 was also an interesting one.

BURL Company Profile

Burlington Stores, Inc., incorporated on February 13, 2013, is a retailer of branded apparel. The Firm has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats. It sells a selection of merchandise acquired directly from manufacturers and other suppliers. The Company’s product categories include home, women, men, shoes, handbags and accessories, juniors, girls, boys, coats and toys.

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