Old Mutual Global Investors UK Ltd. lessened its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 9.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 350,064 shares of the company’s stock after selling 37,428 shares during the period. Old Mutual Global Investors UK Ltd. owned 0.51% of Burlington Stores worth $43,068,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in BURL. Advisor Group Inc. grew its holdings 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 acquiring an additional 128 shares during the period. Virtu KCG Holdings LLC grew its holdings in Burlington Stores by 41.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 3,442 shares of the company’s stock worth $317,000 after acquiring an additional 1,001 shares during the period. Numeric Investors LLC acquired a new stake in Burlington Stores during the 2nd quarter worth $331,000. Royal Bank of Canada grew its holdings in Burlington Stores by 8.7% during the 2nd quarter. Royal Bank of Canada now owns 73,779 shares of the company’s stock worth $6,787,000 after acquiring an additional 5,928 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in Burlington Stores during the 2nd quarter worth $1,323,000.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a report on Wednesday, January 24th. Cowen reaffirmed a “buy” rating and set a $115.00 target price on shares of Burlington Stores in a report on Tuesday, November 21st. Telsey Advisory Group lifted their target price on shares of Burlington Stores from $110.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. BidaskClub raised shares of Burlington Stores from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $115.00 price target (up previously from $104.00) on shares of Burlington Stores in a report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Burlington Stores presently has an average rating of “Buy” and a consensus price target of $114.95.
Burlington Stores Inc (NYSE:BURL) opened at $118.61 on Wednesday. Burlington Stores Inc has a fifty-two week low of $79.07 and a fifty-two week high of $128.93. The stock has a market cap of $8,070.99, a price-to-earnings ratio of 30.09, a PEG ratio of 1.24 and a beta of 0.48. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business earned $0.51 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. sell-side analysts expect that Burlington Stores Inc will post 4.28 earnings per share for the current fiscal year.
In related news, insider Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $122.98, for a total value of $295,152.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Fred Hand sold 6,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $102.50, for a total transaction of $615,000.00. Following the completion of the transaction, the insider now directly owns 71,810 shares of the company’s stock, valued at $7,360,525. The disclosure for this sale can be found here. Over the last ninety days, insiders 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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Burlington Stores Company 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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