Westpac Banking Corp cut its position in shares of 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 firm 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 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of BURL. FNY Managed Accounts LLC acquired a new stake in shares of Burlington Stores in the third quarter worth $114,000. Advisor Group Inc. boosted its position in Burlington Stores by 9.2% during the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after purchasing an additional 128 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Burlington Stores during the third quarter valued at $143,000. The Manufacturers Life Insurance Company boosted its position in Burlington Stores by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after purchasing an additional 210 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new stake in Burlington Stores during the third quarter valued at $230,000.
Several equities analysts have weighed in on the company. SunTrust Banks raised their target price on Burlington Stores from $109.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Telsey Advisory Group lifted their price objective on Burlington Stores from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Monday, November 27th. Cowen restated a “buy” rating and set a $115.00 price target on shares of Burlington Stores in a research note on Tuesday, November 21st. Finally, Morgan Stanley lifted their price objective on Burlington Stores from $107.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $114.95.
Burlington Stores Inc (NYSE BURL) traded up $1.50 on Monday, hitting $118.26. 857,072 shares of the company were exchanged, compared to its average volume of 899,022. The company has a market cap of $8,070.00, a PE ratio of 31.04, a P/E/G ratio of 1.22 and a beta of 0.48. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. Burlington Stores Inc has a 1-year low of $79.07 and a 1-year high of $128.93.
Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. research analysts predict that Burlington Stores Inc will post 4.28 earnings per share for the current year.
In other Burlington Stores news, insider Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $122.16, for a total value of $293,184.00. Following the sale, the insider now owns 38,214 shares in the company, valued at $4,668,222.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Fred Hand sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $102.50, for a total transaction of $615,000.00. Following the completion of the sale, the insider now owns 71,810 shares in the company, valued at approximately $7,360,525. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,701 shares of company stock valued at $7,618,954. Company insiders own 2.60% of the company’s stock.
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About Burlington Stores
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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