Burlington Stores, Inc. (BURL) Files Form 4 Insider Selling : Thomas Kingsbury Sells 30,000 Shares

Burlington Stores, Inc. (BURL): Thomas Kingsbury , President & CEO of Burlington Stores, Inc. sold 30,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $57.74 per share for a total value of $1,732,152.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 5, 2016, Thomas Kingsbury (President & CEO) sold 30,000 shares at $56.61 per share price.On Mar 11, 2016, Fred Hand (Executive Vice President) sold 25,000 shares at $53.18 per share price.Also, On Mar 9, 2016, Paul Sullivan (director) sold 13,199 shares at $54.08 per share price.On Mar 9, 2016, Marc Katz (EVP & Chief Financial Officer) sold 12,000 shares at $52.96 per share price.

Burlington Stores Inc: On Wednesday, May 4, 2016 heightened volatility was witnessed in Burlington Stores Inc which led to swings in the share price. The shares opened for trading at $56.59 and hit $57.84 on the upside , eventually ending the session at $57.67, with a gain of 0.65% or 0.37 points. The heightened volatility saw the trading volume jump to 7,05,672 shares. The 52-week high of the share price is $58.94 and the company has a market cap of $4,156 M . The 52-week low of the share price is at $39.4.

Burlington Stores Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Burlington Stores Inc is Initiated by MKM Partners to Neutral and the brokerage firm has set the Price Target at $57. The Rating was issued on Apr 5, 2016.Burlington Stores Inc is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 4, 2016.Burlington Stores Inc is Reiterated by Telsey Advisory Group to Outperform and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $62 .The Rating was issued on Mar 4, 2016.

Burlington Stores Inc. is a retailer of branded apparel. As of January 31 2015 the Company had 542 stores inclusive of an Internet store in 44 states of the United States and Puerto Rico. The Company’s offerings for women include dresses tops bottoms coats shoes suits and suit separates handbags intimates and sleepwear active wear sweaters swimwear and cover-ups jewelry and watches maternity beauty and fragrance and scrubs. The Company’s offerings for men include t-shirts suits and suit separates coats shoes pants button downs jeans shorts dress shirts polos hoodies and sweatshirts swim and active wear sports fan shop socks and underwear pajamas and robes grooming gadgets and gifts belts wallets and sweaters. The Company’s offerings for juniors include dresses tops bottoms shoes coats sweaters handbags sleepwear swimwear beauty and fragrance jewelry and watches.

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