Cambridge Investment Research Advisors Inc. lowered its position in shares of Burlington Stores Inc (NYSE:BURL) by 15.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,321 shares of the company’s stock after selling 420 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Burlington Stores were worth $395,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in Burlington Stores in the second quarter valued at $41,000. Massmutual Trust Co. FSB ADV lifted its position in Burlington Stores by 187.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 250 shares of the company’s stock valued at $43,000 after acquiring an additional 163 shares during the last quarter. Hilton Capital Management LLC purchased a new stake in Burlington Stores in the first quarter valued at $68,000. Atria Investments LLC purchased a new stake in Burlington Stores in the second quarter valued at $75,000. Finally, FTB Advisors Inc. lifted its position in Burlington Stores by 54.9% in the second quarter. FTB Advisors Inc. now owns 488 shares of the company’s stock valued at $83,000 after acquiring an additional 173 shares during the last quarter.
A number of brokerages recently weighed in on BURL. JPMorgan Chase & Co. boosted their price target on shares of Burlington Stores from $237.00 to $242.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. UBS Group raised shares of Burlington Stores from a “sell” rating to a “neutral” rating and boosted their price target for the company from $121.00 to $200.00 in a research report on Tuesday, September 17th. Telsey Advisory Group set a $210.00 price target on shares of Burlington Stores and gave the company a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Co reissued a “buy” rating on shares of Burlington Stores in a research report on Thursday, August 29th. Finally, Morgan Stanley boosted their price target on shares of Burlington Stores from $168.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Burlington Stores presently has an average rating of “Buy” and an average price target of $205.06.
In related news, CMO Jennifer Vecchio sold 15,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $198.87, for a total transaction of $2,983,050.00. Following the completion of the transaction, the chief marketing officer now directly owns 59,637 shares of the company’s stock, valued at $11,860,010.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Fred Hand sold 6,486 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $168.23, for a total transaction of $1,091,139.78. Following the transaction, the insider now directly owns 62,558 shares of the company’s stock, valued at $10,524,132.34. The disclosure for this sale can be found here. Insiders have sold 102,676 shares of company stock valued at $20,135,128 over the last three months. 1.86% of the stock is currently owned by corporate insiders.
Shares of NYSE:BURL opened at $199.52 on Friday. The company has a 50-day simple moving average of $195.16 and a 200-day simple moving average of $174.32. Burlington Stores Inc has a one year low of $136.30 and a one year high of $209.36. The company has a debt-to-equity ratio of 9.99, a quick ratio of 0.28 and a current ratio of 0.90. The stock has a market capitalization of $13.22 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 1.68 and a beta of 0.24.
Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.21. Burlington Stores had a net margin of 6.11% and a return on equity of 163.50%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. As a group, research analysts forecast that Burlington Stores Inc will post 7.22 EPS for the current fiscal year.
Burlington Stores Company Profile
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.
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