GW&K Investment Management LLC Trims Position in Burlington Stores Inc (NYSE:BURL)

GW&K Investment Management LLC lessened its stake in shares of Burlington Stores Inc (NYSE:BURL) by 41.5% in the second quarter, Holdings Channel reports. The institutional investor owned 148,737 shares of the company’s stock after selling 105,579 shares during the quarter. GW&K Investment Management LLC’s holdings in Burlington Stores were worth $25,308,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Insight Wealth Strategies LLC lifted its position in Burlington Stores by 185.2% in the 2nd quarter. Insight Wealth Strategies LLC now owns 10,628 shares of the company’s stock worth $1,808,000 after buying an additional 6,901 shares during the last quarter. Enlightenment Research LLC bought a new stake in Burlington Stores in the 2nd quarter worth approximately $772,000. Great Lakes Advisors LLC lifted its position in Burlington Stores by 22.2% in the 2nd quarter. Great Lakes Advisors LLC now owns 96,532 shares of the company’s stock worth $16,425,000 after buying an additional 17,561 shares during the last quarter. National Asset Management Inc. lifted its position in Burlington Stores by 4.7% in the 2nd quarter. National Asset Management Inc. now owns 1,929 shares of the company’s stock worth $329,000 after buying an additional 87 shares during the last quarter. Finally, FTB Advisors Inc. lifted its position in Burlington Stores by 54.9% in the 2nd quarter. FTB Advisors Inc. now owns 488 shares of the company’s stock worth $83,000 after buying an additional 173 shares during the last quarter.

Burlington Stores stock traded down $3.40 during trading hours on Friday, reaching $173.96. The company had a trading volume of 1,102,120 shares, compared to its average volume of 885,951. The company has a debt-to-equity ratio of 11.41, a current ratio of 0.93 and a quick ratio of 0.26. The company has a 50-day moving average price of $176.45 and a 200 day moving average price of $165.42. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 1.49 and a beta of 0.27. Burlington Stores Inc has a 12-month low of $136.30 and a 12-month high of $184.82.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.26. Burlington Stores had a return on equity of 186.11% and a net margin of 6.05%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, research analysts expect that Burlington Stores Inc will post 7.01 earnings per share for the current year.

In other news, insider Fred Hand sold 6,486 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $178.62, for a total transaction of $1,158,529.32. Following the transaction, the insider now directly owns 62,558 shares of the company’s stock, valued at $11,174,109.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 309,483 shares in the company, valued at $51,114,212.28. The disclosure for this sale can be found here. Insiders have sold 39,458 shares of company stock worth $6,630,907 over the last three months. Insiders own 1.86% of the company’s stock.

A number of analysts recently weighed in on the company. Wells Fargo & Co boosted their target price on Burlington Stores from $178.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a research note on Thursday, May 30th. Loop Capital raised Burlington Stores to a “buy” rating and set a $200.00 price target on the stock in a research note on Friday, August 16th. Robert W. Baird began coverage on Burlington Stores in a research note on Tuesday, May 14th. They issued an “outperform” rating and a $200.00 price target on the stock. Finally, OTR Global cut Burlington Stores to a “positive” rating in a research note on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $182.24.

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.

Further Reading: Google Finance

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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