Emerald Advisers Inc. PA Trims Stake in Burlington Stores, Inc. (NYSE:BURL)

Emerald Advisers Inc. PA lowered its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,537 shares of the company’s stock after selling 6,785 shares during the period. Emerald Advisers Inc. PA owned about 0.26% of Burlington Stores worth $17,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Inc. raised its position in shares of Burlington Stores by 9.2% in the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after buying an additional 128 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Burlington Stores by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after buying an additional 210 shares during the last quarter. Gilbert & Cook Inc. acquired a new position in shares of Burlington Stores in the second quarter valued at approximately $210,000. Sciencast Management LP acquired a new position in shares of Burlington Stores in the second quarter valued at approximately $231,000. Finally, Stephens Inc. AR raised its position in shares of Burlington Stores by 6,389.7% in the second quarter. Stephens Inc. AR now owns 2,531 shares of the company’s stock valued at $233,000 after buying an additional 2,492 shares during the last quarter.

In related news, CFO Marc Katz sold 11,000 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $87.25, for a total value of $959,750.00. Following the sale, the chief financial officer now owns 124,555 shares of the company’s stock, valued at approximately $10,867,423.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $87.81, for a total transaction of $1,756,200.00. Following the completion of the sale, the chief executive officer now directly owns 495,308 shares in the company, valued at approximately $43,492,995.48. The disclosure for this sale can be found here. Insiders have sold 67,922 shares of company stock worth $6,082,550 over the last three months. 2.60% of the stock is owned by corporate insiders.

BURL has been the subject of several research analyst reports. Deutsche Bank AG initiated coverage on shares of Burlington Stores in a research report on Thursday, September 14th. They set a “buy” rating and a $108.00 price target for the company. Buckingham Research reaffirmed a “buy” rating and set a $107.00 price target on shares of Burlington Stores in a research report on Thursday, October 19th. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Wednesday, November 1st. SunTrust Banks, Inc. set a $109.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, BidaskClub downgraded shares of Burlington Stores from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $105.96.

Burlington Stores, Inc. (NYSE:BURL) traded down $0.43 on Friday, reaching $98.30. 893,000 shares of the company traded hands, compared to its average volume of 1,010,295. The firm has a market capitalization of $6,779.95, a PE ratio of 26.35, a PEG ratio of 1.33 and a beta of 0.51. Burlington Stores, Inc. has a 1 year low of $71.41 and a 1 year high of $104.07. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of -13.31.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 24th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.22. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. sell-side analysts predict that Burlington Stores, Inc. will post 4.24 earnings per share for the current year.

Burlington Stores announced that its board has authorized a share buyback program on Thursday, August 24th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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Burlington Stores Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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