Shine Investment Advisory Services Inc. raised its stake in Burlington Stores Inc (NYSE:BURL) by 101.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181 shares of the company’s stock after buying an additional 91 shares during the period. Shine Investment Advisory Services Inc.’s holdings in Burlington Stores were worth $28,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BURL. BlackRock Inc. grew its position in shares of Burlington Stores by 31.6% in the 4th quarter. BlackRock Inc. now owns 3,907,084 shares of the company’s stock valued at $635,564,000 after buying an additional 937,224 shares during the last quarter. Norges Bank bought a new stake in shares of Burlington Stores in the 4th quarter valued at about $107,024,000. AQR Capital Management LLC grew its position in shares of Burlington Stores by 207.9% in the 3rd quarter. AQR Capital Management LLC now owns 970,910 shares of the company’s stock valued at $158,180,000 after buying an additional 655,529 shares during the last quarter. FMR LLC grew its position in shares of Burlington Stores by 11.4% in the 4th quarter. FMR LLC now owns 4,758,379 shares of the company’s stock valued at $774,046,000 after buying an additional 486,171 shares during the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of Burlington Stores in the 4th quarter valued at about $56,760,000.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $168.64, for a total transaction of $3,372,800.00. Following the sale, the chief executive officer now owns 306,458 shares in the company, valued at $51,681,077.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joyce Manning Magrini sold 2,500 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $170.76, for a total value of $426,900.00. Following the sale, the insider now owns 8,508 shares in the company, valued at approximately $1,452,826.08. The disclosure for this sale can be found here. Insiders have sold 92,806 shares of company stock valued at $14,613,585 in the last three months. 1.91% of the stock is owned by corporate insiders.
NYSE:BURL opened at $160.56 on Wednesday. The firm has a market cap of $10.66 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.33 and a beta of 0.14. Burlington Stores Inc has a 52-week low of $132.35 and a 52-week high of $180.27. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.02 and a quick ratio of 0.25.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.77 by $0.06. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.05 billion. Burlington Stores had a return on equity of 226.76% and a net margin of 6.22%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $3.59 earnings per share. Equities research analysts anticipate that Burlington Stores Inc will post 7.03 EPS for the current year.
Several equities research analysts recently commented on BURL shares. ValuEngine lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Telsey Advisory Group lowered Burlington Stores from an “outperform” rating to a “market perform” rating and cut their target price for the company from $190.00 to $165.00 in a research report on Friday, March 8th. Citigroup cut their target price on Burlington Stores from $175.00 to $158.00 and set a “neutral” rating on the stock in a research report on Friday, March 8th. Zacks Investment Research lowered Burlington Stores from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Finally, Wedbush reiterated a “neutral” rating and issued a $155.00 price target on shares of Burlington Stores in a report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Burlington Stores has a consensus rating of “Buy” and a consensus price target of $176.89.
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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.
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