STA Wealth Management LLC acquired a new position in Burlington Stores Inc (NYSE:BURL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,867 shares of the company’s stock, valued at approximately $476,000.
A number of other large investors have also recently made changes to their positions in BURL. Carillon Tower Advisers Inc. bought a new position in Burlington Stores in the fourth quarter worth approximately $122,030,000. Congress Asset Management Co. MA bought a new position in Burlington Stores in the fourth quarter worth approximately $87,410,000. Standard Life Aberdeen plc grew its stake in Burlington Stores by 662.1% in the fourth quarter. Standard Life Aberdeen plc now owns 679,165 shares of the company’s stock worth $83,561,000 after purchasing an additional 590,048 shares in the last quarter. American Century Companies Inc. grew its stake in Burlington Stores by 50.6% in the fourth quarter. American Century Companies Inc. now owns 1,297,602 shares of the company’s stock worth $159,644,000 after purchasing an additional 435,831 shares in the last quarter. Finally, Systematic Financial Management LP grew its stake in Burlington Stores by 318.6% in the third quarter. Systematic Financial Management LP now owns 359,334 shares of the company’s stock worth $34,302,000 after purchasing an additional 273,492 shares in the last quarter.
Shares of Burlington Stores Inc (BURL) opened at $127.09 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. The stock has a market capitalization of $8,670.00, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 1.17 and a beta of 0.48. Burlington Stores Inc has a 52-week low of $79.07 and a 52-week high of $128.93.
Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.08. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Burlington Stores had a negative return on equity of 367.54% and a net margin of 6.31%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 EPS. equities research analysts forecast that Burlington Stores Inc will post 5.75 earnings per share for the current fiscal year.
Several brokerages recently issued reports on BURL. Loop Capital began coverage on Burlington Stores in a research note on Thursday, March 8th. They issued a “buy” rating and a $150.00 price objective on the stock. BMO Capital Markets set a $145.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research note on Thursday, March 8th. Buckingham Research reissued a “buy” rating and issued a $150.00 price objective (up previously from $143.00) on shares of Burlington Stores in a research note on Friday, March 9th. MKM Partners set a $150.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research note on Monday. Finally, SunTrust Banks increased their price objective on Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $129.43.
In other news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $121.54, for a total value of $2,430,800.00. Following the completion of the sale, the chief executive officer now owns 406,808 shares of the company’s stock, valued at approximately $49,443,444.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $122.16, for a total value of $293,184.00. Following the completion of the sale, the insider now directly owns 38,214 shares of the company’s stock, valued at approximately $4,668,222.24. The disclosure for this sale can be found here. Insiders sold a total of 44,800 shares of company stock valued at $5,377,336 in the last three months. Insiders own 2.60% of the company’s stock.
About Burlington Stores
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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