Lazard Asset Management LLC decreased its position in Burlington Stores Inc (NYSE:BURL) by 38.9% during the 1st quarter, HoldingsChannel reports. The fund owned 75,301 shares of the company’s stock after selling 47,877 shares during the quarter. Lazard Asset Management LLC’s holdings in Burlington Stores were worth $11,797,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc boosted its holdings in shares of Burlington Stores by 1.9% in the third quarter. Vanguard Group Inc now owns 6,064,065 shares of the company’s stock valued at $987,957,000 after acquiring an additional 114,726 shares in the last quarter. FMR LLC boosted its holdings in shares of Burlington Stores by 11.4% in the fourth quarter. FMR LLC now owns 4,758,379 shares of the company’s stock valued at $774,046,000 after acquiring an additional 486,171 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Burlington Stores by 19.3% in the first quarter. BlackRock Inc. now owns 4,659,634 shares of the company’s stock valued at $730,070,000 after acquiring an additional 752,550 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Burlington Stores by 47.2% in the first quarter. William Blair Investment Management LLC now owns 1,698,826 shares of the company’s stock valued at $266,172,000 after acquiring an additional 545,036 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Burlington Stores by 5.9% in the fourth quarter. Eagle Asset Management Inc. now owns 1,060,153 shares of the company’s stock valued at $172,455,000 after acquiring an additional 58,757 shares in the last quarter.
BURL stock opened at $168.69 on Friday. The stock has a market cap of $11.20 billion, a P/E ratio of 26.19, a P/E/G ratio of 1.41 and a beta of 0.25. Burlington Stores Inc has a 52 week low of $136.30 and a 52 week high of $180.27. The company has a current ratio of 0.93, a quick ratio of 0.26 and a debt-to-equity ratio of 11.41.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.26 EPS for the quarter, hitting analysts’ consensus estimates of $1.26. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. On average, equities analysts predict that Burlington Stores Inc will post 7 earnings per share for the current year.
Several brokerages have recently weighed in on BURL. Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. Wells Fargo & Co boosted their price objective on shares of Burlington Stores from $160.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Wedbush boosted their price objective on shares of Burlington Stores from $155.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Zacks Investment Research downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Finally, ValuEngine raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $179.79.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $165.16, for a total transaction of $3,303,200.00. Following the completion of the transaction, the chief executive officer now owns 309,483 shares in the company, valued at $51,114,212.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Fred Hand sold 6,486 shares of Burlington Stores stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $140.00, for a total transaction of $908,040.00. Following the transaction, the insider now owns 61,282 shares of the company’s stock, valued at approximately $8,579,480. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,701 shares of company stock valued at $18,114,973. 1.86% of the stock is currently owned by company insiders.
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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, toys, and gifts, as well as baby, home, and beauty products.
Read More: Intrinsic Value and Stock Selection
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