Pinebridge Investments L.P. reduced its stake in shares of Burlington Stores Inc (NYSE:BURL) by 77.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,057 shares of the company’s stock after selling 3,638 shares during the period. Pinebridge Investments L.P.’s holdings in Burlington Stores were worth $130,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings 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 buying an additional 210 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Burlington Stores by 17.7% during the fourth quarter. Meeder Asset Management Inc. now owns 3,634 shares of the company’s stock valued at $447,000 after buying an additional 547 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Burlington Stores by 6.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 10,499 shares of the company’s stock valued at $1,002,000 after buying an additional 667 shares in the last quarter. Swiss National Bank raised its holdings in Burlington Stores by 0.7% during the fourth quarter. Swiss National Bank now owns 117,500 shares of the company’s stock valued at $14,456,000 after buying an additional 800 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Burlington Stores by 44.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,878 shares of the company’s stock valued at $276,000 after buying an additional 886 shares in the last quarter.
Burlington Stores Inc (BURL) traded up $0.08 during mid-day trading on Wednesday, reaching $127.16. The company had a trading volume of 1,020,000 shares, compared to its average volume of 1,060,000. Burlington Stores Inc has a fifty-two week low of $79.07 and a fifty-two week high of $128.93. The firm has a market capitalization of $8,680.00, a P/E ratio of 23.08, a PEG ratio of 1.17 and a beta of 0.48. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71.
Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 8th. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.08. Burlington Stores had a negative return on equity of 367.54% and a net margin of 6.31%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business earned $1.78 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. research analysts predict that Burlington Stores Inc will post 5.75 EPS for the current fiscal year.
BURL has been the topic of a number of recent analyst reports. Wells Fargo & Co set a $143.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research note on Thursday, January 11th. Cowen set a $132.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research note on Monday, December 11th. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada reiterated a “buy” rating and issued a $115.00 price objective (up from $104.00) on shares of Burlington Stores in a research note on Wednesday, November 22nd. Finally, BMO Capital Markets set a $120.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $129.43.
In other Burlington Stores news, insider Joyce Manning Magrini sold 2,500 shares of Burlington Stores stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $125.64, for a total transaction of $314,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $117.91, for a total value of $2,358,200.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,300 shares of company stock worth $8,208,236. 2.60% of the stock is owned by company 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.
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