Landsberg Bennett & Dubbaneh LLC trimmed its holdings in Burlington Stores Inc (NYSE:BURL) by 0.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,107 shares of the company’s stock after selling 110 shares during the quarter. Landsberg Bennett & Dubbaneh LLC’s holdings in Burlington Stores were worth $2,609,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in Burlington Stores in the second quarter valued at approximately $41,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Burlington Stores by 187.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 250 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the last quarter. Hilton Capital Management LLC purchased a new stake in shares of Burlington Stores during the first quarter worth approximately $68,000. Atria Investments LLC purchased a new stake in shares of Burlington Stores during the second quarter worth approximately $75,000. Finally, FTB Advisors Inc. raised its stake in shares of Burlington Stores by 54.9% during the second quarter. FTB Advisors Inc. now owns 488 shares of the company’s stock worth $83,000 after purchasing an additional 173 shares during the last quarter.
NYSE:BURL traded up $2.19 during trading hours on Friday, hitting $199.52. The company’s stock had a trading volume of 791,033 shares, compared to its average volume of 752,322. The business’s 50-day moving average is $194.59 and its two-hundred day moving average is $174.05. The company has a market capitalization of $12.76 billion, a PE ratio of 30.98, a PEG ratio of 1.68 and a beta of 0.24. The company has a debt-to-equity ratio of 9.99, a quick ratio of 0.28 and a current ratio of 0.90. Burlington Stores Inc has a 52-week low of $136.30 and a 52-week high of $209.36.
BURL has been the subject of several analyst reports. Telsey Advisory Group set a $210.00 price target on Burlington Stores and gave the stock a “hold” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. upped their price target on Burlington Stores from $237.00 to $242.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Goldman Sachs Group set a $197.00 price target on Burlington Stores and gave the stock a “hold” rating in a research note on Friday, August 30th. They noted that the move was a valuation call. Robert W. Baird set a $215.00 price target on Burlington Stores and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, Citigroup set a $206.00 price target on Burlington Stores and gave the stock a “hold” rating in a research note on Friday, August 30th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $205.06.
In other Burlington Stores news, insider Fred Hand sold 6,486 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $168.23, for a total value of $1,091,139.78. Following the sale, the insider now owns 62,558 shares of the company’s stock, valued at $10,524,132.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Crimmins sold 14,253 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $201.65, for a total value of $2,874,117.45. Following the completion of the sale, the vice president now directly owns 23,712 shares in the company, valued at approximately $4,781,524.80. The disclosure for this sale can be found here. Insiders sold 102,676 shares of company stock valued at $20,135,128 in the last quarter. 1.86% of the stock is currently owned by company insiders.
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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