Westpac Banking Corp decreased its position in Burlington Stores Inc (NYSE:BURL) by 26.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 48,200 shares of the company’s stock after selling 17,300 shares during the quarter. Westpac Banking Corp owned 0.07% of Burlington Stores worth $5,930,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Managed Accounts LLC acquired a new position in Burlington Stores during the 3rd quarter worth about $114,000. Advisor Group Inc. lifted its position in Burlington Stores by 9.2% during the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after buying an additional 128 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Burlington Stores during the 3rd quarter worth about $143,000. The Manufacturers Life Insurance Company lifted its position in Burlington Stores by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after buying an additional 210 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in Burlington Stores during the 3rd quarter worth about $230,000.
Burlington Stores Inc (NYSE:BURL) opened at $125.73 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. Burlington Stores Inc has a 52-week low of $79.07 and a 52-week high of $126.88. The stock has a market cap of $8,580.82, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.58 and a beta of 0.56.
Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. equities research analysts anticipate that Burlington Stores Inc will post 4.28 earnings per share for the current year.
Several brokerages recently issued reports on BURL. Wells Fargo & Co set a $143.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Cowen set a $132.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Monday, December 11th. BMO Capital Markets set a $120.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, Morgan Stanley upped their price target on shares of Burlington Stores from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $112.84.
In other news, insider Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total value of $295,152.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $121.54, for a total value of $2,430,800.00. Following the completion of the sale, the chief executive officer now directly owns 406,808 shares of the company’s stock, valued at $49,443,444.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,701 shares of company stock worth $9,524,858. Corporate insiders own 2.60% of the company’s stock.
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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.
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