Chase Investment Counsel Corp reduced its position in Burlington Stores Inc (NYSE:BURL) by 2.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 27,321 shares of the company’s stock after selling 594 shares during the period. Burlington Stores accounts for 2.3% of Chase Investment Counsel Corp’s portfolio, making the stock its 16th biggest position. Chase Investment Counsel Corp’s holdings in Burlington Stores were worth $4,451,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. US Bancorp DE raised its holdings in shares of Burlington Stores by 4.6% in the third quarter. US Bancorp DE now owns 19,963 shares of the company’s stock valued at $3,253,000 after acquiring an additional 869 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Burlington Stores in the third quarter valued at about $194,000. Acadian Asset Management LLC raised its holdings in shares of Burlington Stores by 6.0% in the third quarter. Acadian Asset Management LLC now owns 34,523 shares of the company’s stock valued at $5,624,000 after acquiring an additional 1,954 shares in the last quarter. Columbus Circle Investors bought a new stake in shares of Burlington Stores in the third quarter valued at about $16,444,000. Finally, Financial Architects Inc raised its holdings in shares of Burlington Stores by 23.0% in the third quarter. Financial Architects Inc now owns 2,625 shares of the company’s stock valued at $428,000 after acquiring an additional 491 shares in the last quarter.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $151.09, for a total value of $3,021,800.00. Following the completion of the transaction, the chief executive officer now directly owns 322,973 shares in the company, valued at $48,797,990.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $381,810.00. The disclosure for this sale can be found here. Insiders sold 90,342 shares of company stock valued at $14,575,862 over the last quarter. 1.91% of the stock is currently owned by corporate insiders.
Several analysts recently weighed in on BURL shares. Citigroup lifted their price objective on Burlington Stores from $147.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, July 31st. Zacks Investment Research downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Buckingham Research lifted their price objective on Burlington Stores from $165.00 to $190.00 and gave the company a “buy” rating in a report on Monday, August 20th. Deutsche Bank lifted their price objective on Burlington Stores from $167.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 20th. Finally, Telsey Advisory Group lifted their price objective on Burlington Stores from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company. Burlington Stores currently has a consensus rating of “Buy” and a consensus target price of $172.75.
Shares of Burlington Stores stock opened at $174.34 on Friday. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 1.36 and a beta of 0.45. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 7.54. Burlington Stores Inc has a one year low of $95.50 and a one year high of $177.88.
Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Burlington Stores had a net margin of 6.85% and a return on equity of 606.69%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. On average, sell-side analysts anticipate that Burlington Stores Inc will post 6.22 EPS 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.
Featured Story: What is a conference call?
Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores Inc (NYSE:BURL).
Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.