Jefferies Group LLC Acquires 17,034 Shares of Burlington Stores Inc (BURL)

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Jefferies Group LLC grew its holdings in Burlington Stores Inc (NYSE:BURL) by 220.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,755 shares of the company’s stock after acquiring an additional 17,034 shares during the period. Jefferies Group LLC’s holdings in Burlington Stores were worth $4,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Synovus Financial Corp increased its stake in shares of Burlington Stores by 244.7% in the third quarter. Synovus Financial Corp now owns 655 shares of the company’s stock worth $106,000 after purchasing an additional 465 shares in the last quarter. Hexavest Inc. purchased a new stake in shares of Burlington Stores in the third quarter worth $109,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Burlington Stores in the third quarter worth $194,000. Comerica Securities Inc. purchased a new stake in shares of Burlington Stores in the third quarter worth $200,000. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Burlington Stores in the second quarter worth $219,000.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $151.09, for a total transaction of $3,021,800.00. Following the completion of the transaction, the chief executive officer now owns 322,973 shares in the company, valued at $48,797,990.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joyce Manning Magrini sold 2,500 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $161.72, for a total transaction of $404,300.00. Following the transaction, the insider now owns 17,588 shares of the company’s stock, valued at approximately $2,844,331.36. The disclosure for this sale can be found here. Insiders have sold 88,142 shares of company stock valued at $14,466,014 in the last quarter. 1.91% of the stock is owned by company insiders.

BURL opened at $157.79 on Friday. The firm has a market cap of $11.29 billion, a P/E ratio of 36.11, a P/E/G ratio of 1.26 and a beta of 0.34. Burlington Stores Inc has a fifty-two week low of $108.33 and a fifty-two week high of $180.27. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.24.

Burlington Stores (NYSE:BURL) last posted its earnings results on Wednesday, November 28th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.15. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Burlington Stores had a net margin of 7.12% and a return on equity of 293.30%. Burlington Stores’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company posted $0.70 earnings per share. As a group, research analysts predict that Burlington Stores Inc will post 6.37 EPS for the current year.

BURL has been the subject of a number of analyst reports. Cowen increased their price objective on shares of Burlington Stores from $175.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. DA Davidson initiated coverage on shares of Burlington Stores in a research note on Wednesday, September 26th. They issued a “buy” rating and a $187.00 price objective for the company. SunTrust Banks increased their price objective on shares of Burlington Stores to $189.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Barclays assumed coverage on shares of Burlington Stores in a research note on Tuesday, September 11th. They issued an “overweight” rating and a $194.00 price objective for the company. Finally, Wells Fargo & Co raised their target price on shares of Burlington Stores from $165.00 to $178.00 and gave the company an “outperform” rating in a research note on Friday, August 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $178.50.

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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.

See Also: Retained Earnings

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

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