Wedge Capital Management L L P NC Sells 51,624 Shares of Burlington Stores Inc (NYSE:BURL)

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Wedge Capital Management L L P NC decreased its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 26.9% in the 4th quarter, HoldingsChannel reports. The firm owned 140,605 shares of the company’s stock after selling 51,624 shares during the period. Wedge Capital Management L L P NC’s holdings in Burlington Stores were worth $32,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Trillium Asset Management LLC grew its stake in Burlington Stores by 0.5% in the 3rd quarter. Trillium Asset Management LLC now owns 10,721 shares of the company’s stock valued at $2,142,000 after buying an additional 55 shares during the last quarter. Squar Milner Financial Services LLC grew its position in shares of Burlington Stores by 274.4% in the third quarter. Squar Milner Financial Services LLC now owns 146 shares of the company’s stock valued at $29,000 after purchasing an additional 107 shares during the last quarter. Gateway Investment Advisers LLC grew its position in shares of Burlington Stores by 0.6% in the third quarter. Gateway Investment Advisers LLC now owns 20,224 shares of the company’s stock valued at $4,041,000 after purchasing an additional 123 shares during the last quarter. We Are One Seven LLC increased its stake in shares of Burlington Stores by 3.3% during the third quarter. We Are One Seven LLC now owns 4,167 shares of the company’s stock worth $833,000 after purchasing an additional 134 shares during the period. Finally, Brookstone Capital Management increased its stake in shares of Burlington Stores by 4.8% during the third quarter. Brookstone Capital Management now owns 3,055 shares of the company’s stock worth $610,000 after purchasing an additional 141 shares during the period.

Shares of NYSE BURL opened at $224.11 on Thursday. The business has a fifty day moving average price of $226.99 and a two-hundred day moving average price of $199.10. The stock has a market capitalization of $15.22 billion, a PE ratio of 34.80, a P/E/G ratio of 2.00 and a beta of 0.26. The company has a debt-to-equity ratio of 8.28, a current ratio of 0.88 and a quick ratio of 0.26. Burlington Stores Inc has a fifty-two week low of $136.30 and a fifty-two week high of $236.02.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.14. Burlington Stores had a return on equity of 145.12% and a net margin of 6.26%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the firm posted $1.21 EPS. Burlington Stores’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Burlington Stores Inc will post 7.34 EPS for the current year.

In related news, Chairman Thomas Kingsbury sold 25,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $231.89, for a total transaction of $5,797,250.00. Following the sale, the chairman now owns 141,441 shares in the company, valued at approximately $32,798,753.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 17,016 shares of Burlington Stores stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $226.00, for a total transaction of $3,845,616.00. Following the completion of the transaction, the chief marketing officer now directly owns 40,060 shares in the company, valued at $9,053,560. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,874 shares of company stock valued at $21,767,465. 1.86% of the stock is owned by insiders.

Several research firms recently issued reports on BURL. Deutsche Bank boosted their price target on Burlington Stores from $229.00 to $232.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Nomura upped their price objective on Burlington Stores from $220.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Royal Bank of Canada started coverage on Burlington Stores in a research report on Monday, November 11th. They set an “outperform” rating and a $230.00 price objective on the stock. MKM Partners lifted their target price on Burlington Stores from $238.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Burlington Stores from $237.00 to $242.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $222.94.

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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