Rockefeller Capital Management L.P. reduced its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 15.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,122 shares of the company’s stock after selling 6,176 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.05% of Burlington Stores worth $5,559,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. People s United Financial Inc. lifted its holdings in Burlington Stores by 0.5% during the second quarter. People s United Financial Inc. now owns 60,086 shares of the company’s stock worth $9,045,000 after acquiring an additional 324 shares during the period. Commerce Bank lifted its holdings in Burlington Stores by 19.5% during the third quarter. Commerce Bank now owns 2,233 shares of the company’s stock worth $364,000 after acquiring an additional 365 shares during the period. Aperio Group LLC lifted its holdings in Burlington Stores by 2.9% during the third quarter. Aperio Group LLC now owns 16,220 shares of the company’s stock worth $2,643,000 after acquiring an additional 454 shares during the period. Synovus Financial Corp lifted its holdings in Burlington Stores by 244.7% during the third quarter. Synovus Financial Corp now owns 655 shares of the company’s stock worth $106,000 after acquiring an additional 465 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in Burlington Stores by 30.5% during the second quarter. Campbell & CO Investment Adviser LLC now owns 2,000 shares of the company’s stock worth $301,000 after acquiring an additional 467 shares during the period.
In related news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $159.62, for a total value of $3,192,400.00. Following the transaction, the chief executive officer now owns 322,973 shares of the company’s stock, valued at $51,552,950.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,842 shares of company stock valued at $15,011,737. 1.91% of the stock is owned by company insiders.
Shares of NYSE BURL opened at $173.34 on Tuesday. The firm has a market capitalization of $11.70 billion, a PE ratio of 39.67, a P/E/G ratio of 1.34 and a beta of 0.37. Burlington Stores Inc has a fifty-two week low of $96.04 and a fifty-two week high of $177.88. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.05 and a quick ratio of 0.29.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.19. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. As a group, equities research analysts predict that Burlington Stores Inc will post 6.22 earnings per share for the current year.
A number of analysts have issued reports on BURL shares. Citigroup raised their target price on Burlington Stores from $147.00 to $158.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 31st. Zacks Investment Research downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Buckingham Research raised their target price on Burlington Stores from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. Deutsche Bank raised their target price on Burlington Stores from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. Finally, Telsey Advisory Group raised their target price on Burlington Stores from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $172.75.
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Burlington Stores Company 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.
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