361 Capital LLC raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 596.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,220 shares of the company’s stock after acquiring an additional 60,995 shares during the period. 361 Capital LLC owned about 0.10% of Burlington Stores worth $6,552,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Prudential Financial Inc. grew its holdings in shares of Burlington Stores by 106.4% in the second quarter. Prudential Financial Inc. now owns 799,810 shares of the company’s stock worth $73,575,000 after purchasing an additional 412,380 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Burlington Stores by 7,886.9% in the first quarter. Clearbridge Investments LLC now owns 248,792 shares of the company’s stock worth $24,205,000 after purchasing an additional 245,677 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Burlington Stores by 5.4% in the first quarter. Nuveen Asset Management LLC now owns 75,386 shares of the company’s stock worth $7,334,000 after purchasing an additional 3,886 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its holdings in shares of Burlington Stores by 582.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 483,077 shares of the company’s stock worth $44,438,000 after purchasing an additional 412,262 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Burlington Stores by 13.3% in the first quarter. FMR LLC now owns 565,678 shares of the company’s stock worth $55,035,000 after purchasing an additional 66,428 shares during the last quarter.
In other Burlington Stores news, CFO Marc Katz sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $87.25, for a total transaction of $959,750.00. Following the completion of the sale, the chief financial officer now directly owns 124,555 shares of the company’s stock, valued at approximately $10,867,423.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $84.03, for a total value of $1,680,600.00. Following the transaction, the chief executive officer now owns 518,008 shares in the company, valued at approximately $43,528,212.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,857 shares of company stock valued at $7,828,142. 2.60% of the stock is owned by company insiders.
Burlington Stores, Inc. (NYSE:BURL) traded up 0.88% on Wednesday, reaching $89.58. The company had a trading volume of 233,681 shares. Burlington Stores, Inc. has a 1-year low of $68.94 and a 1-year high of $104.07. The stock’s 50 day moving average is $90.54 and its 200-day moving average is $92.11. The stock has a market capitalization of $6.10 billion, a P/E ratio of 24.75 and a beta of 0.53.
Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 24th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.22. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Burlington Stores had a negative return on equity of 330.30% and a net margin of 4.46%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. On average, equities analysts predict that Burlington Stores, Inc. will post $4.20 EPS for the current fiscal year.
Burlington Stores declared that its board has initiated a stock buyback program on Thursday, August 24th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.
A number of analysts recently commented on BURL shares. SunTrust Banks, Inc. set a $109.00 price target on Burlington Stores and gave the stock a “buy” rating in a research note on Monday. BidaskClub lowered Burlington Stores from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets reissued a “buy” rating and set a $115.00 price objective on shares of Burlington Stores in a research report on Wednesday, September 13th. Deutsche Bank AG started coverage on Burlington Stores in a report on Thursday, September 14th. They set a “buy” rating and a $108.00 price target for the company. Finally, Cowen and Company set a $105.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $105.62.
Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
Receive News & Ratings for Burlington Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores Inc. and related companies with our FREE daily email newsletter.