Chicago Capital LLC lifted its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 33.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,096 shares of the company’s stock after buying an additional 27,104 shares during the quarter. Chicago Capital LLC owned about 0.16% of Burlington Stores worth $17,448,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Synovus Financial Corp grew its position in shares of Burlington Stores by 244.7% during the 3rd quarter. Synovus Financial Corp now owns 655 shares of the company’s stock worth $106,000 after buying an additional 465 shares during the period. Hexavest Inc. acquired a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $109,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $194,000. First Republic Investment Management Inc. acquired a new stake in shares of Burlington Stores during the 2nd quarter worth approximately $219,000. Finally, Zacks Investment Management acquired a new stake in shares of Burlington Stores during the 2nd quarter worth approximately $220,000.
Shares of BURL opened at $173.34 on Tuesday. 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 Inc has a twelve month low of $96.04 and a twelve month high of $177.88. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 39.67, a P/E/G ratio of 1.34 and a beta of 0.37.
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 Zacks’ consensus estimate of $0.96 by $0.19. Burlington Stores had a net margin of 6.85% and a return on equity of 606.69%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Analysts anticipate that Burlington Stores Inc will post 6.22 earnings per share for the current year.
In other Burlington Stores news, VP John Crimmins sold 2,200 shares of Burlington Stores stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $173.55, for a total value of $381,810.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $159.62, for a total transaction of $3,192,400.00. Following the completion of the transaction, the chief executive officer now directly owns 322,973 shares in the company, valued at approximately $51,552,950.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,842 shares of company stock worth $15,011,737. Insiders own 1.91% of the company’s stock.
BURL has been the subject of a number of analyst reports. SunTrust Banks boosted their price objective on shares of Burlington Stores to $189.00 and gave the company a “buy” rating in a report on Friday, August 31st. MKM Partners set a $174.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a report on Friday, August 31st. Deutsche Bank boosted their price objective on shares of Burlington Stores from $175.00 to $176.00 and gave the company a “buy” rating in a report on Friday, August 31st. Cowen boosted their price objective on shares of Burlington Stores from $175.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Finally, Loop Capital set a $180.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $172.75.
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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.
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