ETRADE Capital Management LLC Trims Stock Position in Burlington Stores Inc (NYSE:BURL)

ETRADE Capital Management LLC lessened its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,553 shares of the company’s stock after selling 382 shares during the period. ETRADE Capital Management LLC’s holdings in Burlington Stores were worth $880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BURL. Piedmont Investment Advisors Inc. increased its holdings in Burlington Stores by 1.0% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,880 shares of the company’s stock valued at $1,113,000 after buying an additional 47 shares in the last quarter. MAI Capital Management increased its holdings in Burlington Stores by 1.5% in the first quarter. MAI Capital Management now owns 4,740 shares of the company’s stock valued at $751,000 after buying an additional 72 shares in the last quarter. Advisor Group Inc. increased its holdings in Burlington Stores by 1.9% in the fourth quarter. Advisor Group Inc. now owns 3,890 shares of the company’s stock valued at $887,000 after buying an additional 74 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Burlington Stores by 16.9% in the first quarter. First Horizon Advisors Inc. now owns 561 shares of the company’s stock valued at $88,000 after buying an additional 81 shares in the last quarter. Finally, Utah Retirement Systems increased its holdings in Burlington Stores by 0.8% in the fourth quarter. Utah Retirement Systems now owns 12,508 shares of the company’s stock valued at $2,852,000 after buying an additional 100 shares in the last quarter. 98.83% of the stock is owned by hedge funds and other institutional investors.

BURL opened at $202.35 on Friday. The firm has a market capitalization of $13.41 billion, a PE ratio of 27.27, a PEG ratio of 40.22 and a beta of 0.70. Burlington Stores Inc has a twelve month low of $105.67 and a twelve month high of $250.89. The firm’s 50-day moving average price is $173.06 and its 200 day moving average price is $203.67. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 6.29.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 5th. The company reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.02. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.21 billion. Burlington Stores had a net margin of 6.38% and a return on equity of 131.83%. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.83 earnings per share. As a group, analysts predict that Burlington Stores Inc will post 3 earnings per share for the current fiscal year.

In other Burlington Stores news, CMO Jennifer Vecchio sold 2,000 shares of Burlington Stores stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $150.01, for a total transaction of $300,020.00. Following the transaction, the chief marketing officer now directly owns 39,353 shares of the company’s stock, valued at $5,903,343.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.48% of the stock is owned by insiders.

A number of research analysts have weighed in on the stock. Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a report on Thursday, March 5th. Nomura Securities reaffirmed a “buy” rating on shares of Burlington Stores in a report on Wednesday, April 1st. BMO Capital Markets initiated coverage on shares of Burlington Stores in a report on Monday, February 3rd. They issued an “outperform” rating and a $250.00 price objective for the company. Wells Fargo & Co lifted their target price on shares of Burlington Stores from $200.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Finally, DA Davidson lifted their target price on shares of Burlington Stores from $193.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Burlington Stores currently has an average rating of “Buy” and a consensus price target of $220.96.

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

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