Burlington Stores, Inc. (BURL) Stake Decreased by KAMES CAPITAL plc

KAMES CAPITAL plc lowered its holdings in Burlington Stores, Inc. (NYSE:BURL) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 743,547 shares of the company’s stock after selling 12,372 shares during the period. Burlington Stores accounts for 2.3% of KAMES CAPITAL plc’s portfolio, making the stock its 11th biggest holding. KAMES CAPITAL plc’s holdings in Burlington Stores were worth $91,479,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FNY Managed Accounts LLC purchased a new stake in Burlington Stores during the third quarter valued at $114,000. Advisor Group Inc. increased its position in Burlington Stores by 9.2% during the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after acquiring an additional 128 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Burlington Stores during the third quarter valued at $143,000. The Manufacturers Life Insurance Company increased its position in Burlington Stores by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after acquiring an additional 210 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in Burlington Stores during the third quarter valued at $230,000.

A number of research firms recently commented on BURL. Cowen reiterated a “buy” rating and set a $115.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 21st. Telsey Advisory Group upped their price objective on Burlington Stores from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Zacks Investment Research cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub upgraded Burlington Stores from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $115.00 price objective (up previously from $104.00) on shares of Burlington Stores in a research report on Wednesday, November 22nd. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $112.84.

Burlington Stores, Inc. (NYSE:BURL) traded up $0.92 during trading hours on Friday, reaching $122.30. The company’s stock had a trading volume of 1,290,600 shares, compared to its average volume of 1,029,500. Burlington Stores, Inc. has a twelve month low of $79.07 and a twelve month high of $125.82. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. The company has a market capitalization of $8,350.00, a price-to-earnings ratio of 32.10, a PEG ratio of 1.66 and a beta of 0.56.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. Burlington Stores’s revenue for the quarter was up 7.1% on a year-over-year basis. equities analysts anticipate that Burlington Stores, Inc. will post 4.28 earnings per share for the current year.

In other news, EVP Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $95.37, for a total value of $228,888.00. Following the completion of the transaction, the executive vice president now owns 46,013 shares of the company’s stock, valued at $4,388,259.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.51, for a total value of $1,970,200.00. The disclosure for this sale can be found here. Insiders have sold 67,701 shares of company stock valued at $7,094,058 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

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Burlington Stores 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.

Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores, Inc. (NYSE:BURL).

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

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