TD Asset Management Inc. increased its stake in shares of Burlington Stores Inc (NYSE:BURL) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,600 shares of the company’s stock after purchasing an additional 5,352 shares during the quarter. TD Asset Management Inc. owned 0.18% of Burlington Stores worth $20,350,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of BURL. Bremer Bank National Association purchased a new position in Burlington Stores in the first quarter worth $41,000. Steward Partners Investment Advisory LLC purchased a new position in Burlington Stores in the second quarter worth $41,000. Hilton Capital Management LLC purchased a new position in Burlington Stores in the first quarter worth $68,000. Quadrant Capital Group LLC raised its position in Burlington Stores by 176.5% in the first quarter. Quadrant Capital Group LLC now owns 495 shares of the company’s stock worth $77,000 after acquiring an additional 316 shares in the last quarter. Finally, Manchester Capital Management LLC purchased a new position in Burlington Stores in the first quarter worth $83,000.
Several research analysts have issued reports on the company. ValuEngine cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird assumed coverage on Burlington Stores in a research report on Tuesday, May 14th. They issued an “outperform” rating and a $200.00 price objective for the company. Guggenheim reiterated a “hold” rating on shares of Burlington Stores in a research report on Thursday, May 30th. Credit Suisse Group raised their price target on Burlington Stores from $175.00 to $185.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 24th. Finally, Loop Capital raised their price target on Burlington Stores to $200.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $182.67.
NYSE BURL opened at $172.13 on Friday. The firm has a market capitalization of $11.42 billion, a P/E ratio of 26.73, a P/E/G ratio of 1.42 and a beta of 0.27. The company has a debt-to-equity ratio of 11.41, a current ratio of 0.93 and a quick ratio of 0.26. Burlington Stores Inc has a 1-year low of $136.30 and a 1-year high of $184.82. The business’s 50-day simple moving average is $176.30 and its 200-day simple moving average is $165.31.
Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 30th. The company reported $1.26 EPS for the quarter, meeting the consensus estimate of $1.26. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. Burlington Stores had a return on equity of 186.11% and a net margin of 6.05%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. On average, equities research analysts expect that Burlington Stores Inc will post 7.01 EPS for the current fiscal year.
In related news, insider Fred Hand sold 6,486 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $166.21, for a total transaction of $1,078,038.06. Following the sale, the insider now directly owns 62,558 shares in the company, valued at approximately $10,397,765.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $165.16, for a total value of $3,303,200.00. Following the sale, the chief executive officer now owns 309,483 shares in the company, valued at $51,114,212.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,458 shares of company stock worth $6,630,907. Company insiders own 1.86% of the company’s stock.
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, toys, and gifts, as well as baby, home, and beauty products.
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