Director dealings: Burberry CFO ups stake

(Sharecast News) - Burberry revealed on Monday that chief operating officer and financial officer Julie Brown had acquired 24,051 ordinary shares in the iconic British fashion outfit.Brown, who took over the dual-role at the FTSE 100 resident back in January 2017, purchased the shares on Friday at an average price of 1,774.50 p each, for a total transaction value of £426,785.02.Last month, analysts at Bernstein upped their stance on the luxury brand's shares to 'market perform' from 'underperform', pointing to the more balanced risk / reward on offer following the drop in the share price last week after the company's full-year results.In its preliminary results, published during the week preceding the upgrade from Bernstein, Burberry posted flat bottom profits as cost cuts offset to drop in revenue. Adjusted operating profit for the year to the end of March fell 6% to £ 438m but excluding currency movements profit was flat.As of 1620 BST, Burberry shares were up 2.20% at 1,810p.Top Director BuysBurberry Group (BRBY) Director name: Brown, Julie Amount purchased: 24,051 @ 1,774.50p Value: £ 426,785.02 Sumo Group (SUMO) Director name: Wilton, David Amount purchased: 235,000 @ 140.69p Value: £ 330,621.51 Provident Financial (PFG) Director name: Hewitt, Paul Amount purchased: 11,569 @ 432.20p Value: £ 50,001.22 Totally (TLY) Director name: Holt, Robert (Bob) Amount purchased: 111,000 @ 9.85p Value: £ 10,933.50 Diurnal Group (DNL) Director name: Bungay, Richard Amount purchased: 8,000 @ 29.75p Value: £ 2,380.00Top Director Sells