Itau Unibanco Holding S.A. increased its stake in shares of Burlington Stores Inc (NYSE:BURL) by 67.5% during the fourth quarter, HoldingsChannel reports. The firm owned 4,413 shares of the company’s stock after buying an additional 1,779 shares during the period. Itau Unibanco Holding S.A.’s holdings in Burlington Stores were worth $543,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of BURL. Advisor Group Inc. lifted 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 purchasing an additional 128 shares in the last quarter. Janus Henderson Group PLC bought a new position in Burlington Stores in the 2nd quarter worth about $1,323,000. The Manufacturers Life Insurance Company increased its stake in Burlington Stores by 10.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after acquiring an additional 210 shares during the last quarter. Quantitative Systematic Strategies LLC increased its stake in Burlington Stores by 31.7% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 5,931 shares of the company’s stock worth $566,000 after acquiring an additional 1,426 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Burlington Stores by 2.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 105,855 shares of the company’s stock worth $10,103,000 after acquiring an additional 2,328 shares during the last quarter.
A number of equities analysts have weighed in on the company. SunTrust Banks upped their target price on Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Telsey Advisory Group upped their target price 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 objective on the stock in a research report on Monday, November 27th. Morgan Stanley increased their price objective on Burlington Stores from $107.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 22nd. Finally, Cowen reiterated a “buy” rating and set a $115.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 21st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $114.95.
In related news, insider Fred Hand sold 6,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 71,810 shares in the company, valued at approximately $7,360,525. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $111.90, for a total value of $2,238,000.00. Following the sale, the chief executive officer now owns 437,608 shares of the company’s stock, valued at $48,968,335.20. The disclosure for this sale can be found here. Insiders have sold a total of 87,701 shares of company stock valued at $9,977,154 over the last 90 days. 2.60% of the stock is currently owned by company insiders.
Shares of Burlington Stores Inc (NYSE:BURL) opened at $122.92 on Tuesday. The firm has a market capitalization of $8,389.03, a PE ratio of 32.26, a P/E/G ratio of 1.29 and a beta of 0.48. Burlington Stores Inc has a fifty-two week low of $79.07 and a fifty-two week high of $128.93. 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 (NYSE:BURL) last issued its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. Burlington Stores’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. equities analysts predict that Burlington Stores Inc will post 4.28 earnings per share for the current fiscal year.
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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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