AMP Capital Investors Ltd Acquires 2,702 Shares of Burlington Stores Inc (BURL)

AMP Capital Investors Ltd lifted its holdings in Burlington Stores Inc (NYSE:BURL) by 7.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 41,262 shares of the company’s stock after buying an additional 2,702 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.06% of Burlington Stores worth $6,211,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of BURL. FMR LLC lifted its position in shares of Burlington Stores by 39.7% in the 2nd quarter. FMR LLC now owns 3,445,692 shares of the company’s stock worth $518,680,000 after buying an additional 979,815 shares during the last quarter. Renaissance Technologies LLC lifted its position in Burlington Stores by 1,187.5% in the 2nd quarter. Renaissance Technologies LLC now owns 875,500 shares of the company’s stock valued at $131,789,000 after purchasing an additional 807,500 shares during the last quarter. Atlantic Trust Group LLC lifted its position in Burlington Stores by 20,751.1% in the 1st quarter. Atlantic Trust Group LLC now owns 290,247 shares of the company’s stock valued at $38,646,000 after purchasing an additional 288,855 shares during the last quarter. BlackRock Inc. lifted its position in Burlington Stores by 6.8% in the 2nd quarter. BlackRock Inc. now owns 3,135,632 shares of the company’s stock valued at $472,007,000 after purchasing an additional 199,902 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Burlington Stores by 240.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 208,183 shares of the company’s stock valued at $31,338,000 after purchasing an additional 147,017 shares during the last quarter.

Several analysts recently weighed in on the stock. Guggenheim reiterated a “hold” rating on shares of Burlington Stores in a research report on Tuesday, July 3rd. UBS Group assumed coverage on shares of Burlington Stores in a research report on Thursday, June 21st. They issued a “sell” rating and a $135.00 price objective on the stock. Wedbush assumed coverage on shares of Burlington Stores in a research report on Friday, June 22nd. They issued an “outperform” rating and a $175.00 price objective on the stock. Zacks Investment Research downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Friday, June 22nd. Finally, Loop Capital reiterated a “buy” rating and issued a $170.00 price objective (up from $156.00) on shares of Burlington Stores in a research report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company. Burlington Stores currently has a consensus rating of “Buy” and a consensus target price of $171.05.

BURL stock opened at $164.02 on Friday. Burlington Stores Inc has a 52 week low of $87.20 and a 52 week high of $175.48. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 37.53, a P/E/G ratio of 1.34 and a beta of 0.45. The company has a debt-to-equity ratio of 7.54, a quick ratio of 0.29 and a current ratio of 1.05.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. Burlington Stores had a net margin of 6.85% and a return on equity of 606.69%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned $0.72 EPS. Burlington Stores’s revenue was up 9.9% on a year-over-year basis. research analysts expect that Burlington Stores Inc will post 6.21 EPS for the current year.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $150.05, for a total transaction of $3,001,000.00. Following the sale, the chief executive officer now directly owns 322,973 shares in the company, valued at approximately $48,462,098.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John Crimmins sold 2,200 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $173.55, for a total transaction of $381,810.00. The disclosure for this sale can be found here. Insiders have sold a total of 81,271 shares of company stock worth $13,116,332 over the last 90 days. 1.91% of the stock is owned by insiders.

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.

Further Reading: Earnings Per Share

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

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