Raymond James Trust N.A. boosted its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 41.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,945 shares of the company’s stock after acquiring an additional 865 shares during the quarter. Raymond James Trust N.A.’s holdings in Burlington Stores were worth $479,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Burlington Stores by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 286,714 shares of the company’s stock valued at $43,163,000 after buying an additional 20,962 shares in the last quarter. Morgan Stanley increased its position in Burlington Stores by 7.4% during the 2nd quarter. Morgan Stanley now owns 688,536 shares of the company’s stock valued at $103,646,000 after buying an additional 47,502 shares in the last quarter. FMR LLC increased its position in Burlington Stores by 39.7% during the 2nd quarter. FMR LLC now owns 3,445,692 shares of the company’s stock valued at $518,680,000 after buying an additional 979,815 shares in the last quarter. Chicago Equity Partners LLC increased its position in Burlington Stores by 45.7% during the 2nd quarter. Chicago Equity Partners LLC now owns 44,025 shares of the company’s stock valued at $6,627,000 after buying an additional 13,810 shares in the last quarter. Finally, First Hawaiian Bank purchased a new stake in Burlington Stores during the 3rd quarter valued at about $997,000.
In other Burlington Stores news, CFO Marc Katz sold 7,500 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $172.46, for a total transaction of $1,293,450.00. Following the completion of the sale, the chief financial officer now owns 115,423 shares of the company’s stock, valued at $19,905,850.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $168.28, for a total value of $3,365,600.00. Following the sale, the chief executive officer now directly owns 322,973 shares of the company’s stock, valued at approximately $54,349,896.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,413 shares of company stock valued at $13,821,120. Insiders own 1.91% of the company’s stock.
Several research firms have weighed in on BURL. Wedbush downgraded Burlington Stores from an “outperform” rating to a “neutral” rating and set a $175.00 price target on the stock. in a research note on Friday, November 2nd. SunTrust Banks boosted their price target on Burlington Stores to $189.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Goldman Sachs Group initiated coverage on Burlington Stores in a research note on Monday, September 3rd. They issued a “neutral” rating and a $179.00 target price on the stock. MKM Partners set a $174.00 target price on Burlington Stores and gave the stock a “buy” rating in a research note on Friday, August 31st. Finally, Telsey Advisory Group upped their target price on Burlington Stores from $170.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the stock. Burlington Stores has an average rating of “Buy” and an average target price of $172.75.
Shares of Burlington Stores stock traded down $1.50 during mid-day trading on Friday, reaching $172.12. 816,866 shares of the stock traded hands, compared to its average volume of 1,104,745. Burlington Stores Inc has a fifty-two week low of $96.24 and a fifty-two week high of $177.88. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.05 and a quick ratio of 0.29. The stock has a market capitalization of $11.57 billion, a P/E ratio of 39.39, a PEG ratio of 1.32 and a beta of 0.37.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.96 by $0.19. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, research analysts anticipate that Burlington Stores Inc will post 6.23 EPS for the current fiscal year.
About Burlington Stores
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.
Featured Article: How are Outstanding Shares Different from Authorized Shares?
Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.