Avalon Advisors LLC Has $3.16 Million Holdings in Burlington Stores Inc (BURL)

Avalon Advisors LLC lifted its position in shares of Burlington Stores Inc (NYSE:BURL) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,746 shares of the company’s stock after acquiring an additional 2,270 shares during the period. Avalon Advisors LLC’s holdings in Burlington Stores were worth $3,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Aperio Group LLC increased its position in shares of Burlington Stores by 2.6% during the first quarter. Aperio Group LLC now owns 14,959 shares of the company’s stock valued at $1,992,000 after acquiring an additional 372 shares in the last quarter. Atria Investments LLC increased its position in shares of Burlington Stores by 14.3% during the first quarter. Atria Investments LLC now owns 3,117 shares of the company’s stock valued at $415,000 after acquiring an additional 391 shares in the last quarter. Denver Investment Advisors LLC increased its position in shares of Burlington Stores by 6.8% during the first quarter. Denver Investment Advisors LLC now owns 7,163 shares of the company’s stock valued at $954,000 after acquiring an additional 456 shares in the last quarter. M&T Bank Corp increased its position in shares of Burlington Stores by 12.7% during the first quarter. M&T Bank Corp now owns 4,378 shares of the company’s stock valued at $583,000 after acquiring an additional 494 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Burlington Stores by 4.1% during the fourth quarter. Amalgamated Bank now owns 13,340 shares of the company’s stock valued at $1,641,000 after acquiring an additional 523 shares in the last quarter.

Several brokerages recently weighed in on BURL. Loop Capital reissued a “buy” rating and set a $170.00 price target (up previously from $156.00) on shares of Burlington Stores in a research report on Wednesday. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Monday. Wedbush began coverage on shares of Burlington Stores in a research report on Friday, June 22nd. They set an “outperform” rating and a $175.00 price target for the company. UBS Group began coverage on shares of Burlington Stores in a research report on Thursday, June 21st. They set a “sell” rating and a $135.00 price target for the company. Finally, Buckingham Research raised their price target on shares of Burlington Stores from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, June 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $151.94.

In other news, insider Fred Hand sold 6,500 shares of Burlington Stores stock in a transaction on Monday, June 4th. The shares were sold at an average price of $150.78, for a total transaction of $980,070.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction on Monday, June 11th. The stock was sold at an average price of $156.27, for a total transaction of $3,125,400.00. Following the transaction, the chief executive officer now owns 303,730 shares in the company, valued at approximately $47,463,887.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,262 shares of company stock valued at $10,790,126. 1.91% of the stock is currently owned by insiders.

NYSE:BURL opened at $150.64 on Thursday. The company has a quick ratio of 0.29, a current ratio of 1.01 and a debt-to-equity ratio of 10.09. Burlington Stores Inc has a 12 month low of $79.07 and a 12 month high of $158.23. The company has a market capitalization of $10.09 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 1.37 and a beta of 0.44.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 31st. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.17. Burlington Stores had a net margin of 6.61% and a negative return on equity of 16,096.86%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. sell-side analysts forecast that Burlington Stores Inc will post 6.04 earnings per share for the current year.

Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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

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