Stephens Investment Management Group LLC raised its holdings in Burlington Stores Inc (NYSE:BURL) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 334,953 shares of the company’s stock after acquiring an additional 21,539 shares during the period. Burlington Stores accounts for about 1.1% of Stephens Investment Management Group LLC’s holdings, making the stock its 22nd biggest position. Stephens Investment Management Group LLC’s holdings in Burlington Stores were worth $56,992,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Strs Ohio raised its holdings in Burlington Stores by 0.7% in the 1st quarter. Strs Ohio now owns 185,381 shares of the company’s stock valued at $29,045,000 after acquiring an additional 1,267 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Burlington Stores by 29.7% during the 1st quarter. California Public Employees Retirement System now owns 164,821 shares of the company’s stock worth $25,824,000 after buying an additional 37,787 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of Burlington Stores by 2.8% during the 1st quarter. Primecap Management Co. CA now owns 33,300 shares of the company’s stock worth $5,217,000 after buying an additional 900 shares during the last quarter. Heritage Investors Management Corp increased its holdings in shares of Burlington Stores by 4.8% during the 2nd quarter. Heritage Investors Management Corp now owns 39,164 shares of the company’s stock worth $6,664,000 after buying an additional 1,793 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Burlington Stores by 16.1% during the 1st quarter. Meeder Asset Management Inc. now owns 2,283 shares of the company’s stock worth $358,000 after buying an additional 317 shares during the last quarter.
Burlington Stores stock traded down $0.07 during trading on Thursday, reaching $168.80. 17,898 shares of the company’s stock were exchanged, compared to its average volume of 763,029. The business’s 50-day simple moving average is $176.29. The company has a debt-to-equity ratio of 11.41, a quick ratio of 0.26 and a current ratio of 0.93. Burlington Stores Inc has a 52-week low of $136.30 and a 52-week high of $184.82. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.27.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.26. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company earned $1.26 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, research analysts anticipate that Burlington Stores Inc will post 7.01 EPS for the current fiscal year.
BURL has been the subject of a number of research analyst reports. Guggenheim restated a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. OTR Global downgraded Burlington Stores to a “positive” rating in a report on Friday, August 9th. Deutsche Bank upped their price objective on Burlington Stores from $164.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Robert W. Baird initiated coverage on Burlington Stores in a report on Tuesday, May 14th. They set an “outperform” rating and a $200.00 price objective for the company. Finally, ValuEngine downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $182.67.
In other Burlington Stores news, insider Fred Hand sold 6,486 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $166.21, for a total value of $1,078,038.06. Following the completion of the transaction, the insider now directly owns 62,558 shares of the company’s stock, valued at approximately $10,397,765.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $165.16, for a total transaction of $3,303,200.00. Following the completion of the transaction, the chief executive officer now directly owns 309,483 shares of the company’s stock, valued at $51,114,212.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,458 shares of company stock valued at $6,630,907. 1.86% of the stock is owned by corporate insiders.
Burlington Stores 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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