TD Asset Management Inc. lowered its stake in Burlington Stores Inc (NYSE:BURL) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,805 shares of the company’s stock after selling 3,195 shares during the period. TD Asset Management Inc. owned approximately 0.13% of Burlington Stores worth $13,795,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. Tributary Capital Management LLC bought a new stake in shares of Burlington Stores in the fourth quarter worth about $57,000. Synovus Financial Corp grew its stake in shares of Burlington Stores by 244.7% in the third quarter. Synovus Financial Corp now owns 655 shares of the company’s stock worth $106,000 after purchasing an additional 465 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Burlington Stores in the fourth quarter worth about $114,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Burlington Stores in the third quarter worth about $194,000. Finally, Comerica Securities Inc. bought a new stake in shares of Burlington Stores in the third quarter worth about $200,000.
In other news, insider Fred Hand sold 4,071 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $163.97, for a total transaction of $667,521.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Vecchio sold 800 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $160.25, for a total transaction of $128,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,517 shares of company stock valued at $11,519,344. Company insiders own 1.91% of the company’s stock.
BURL traded up $0.13 during mid-day trading on Monday, reaching $169.76. 190,583 shares of the company traded hands, compared to its average volume of 517,097. The firm has a market cap of $11.39 billion, a PE ratio of 38.85, a P/E/G ratio of 1.16 and a beta of 0.19. The company has a current ratio of 1.00, a quick ratio of 0.24 and a debt-to-equity ratio of 5.63. Burlington Stores Inc has a 52-week low of $110.67 and a 52-week high of $180.27.
Burlington Stores (NYSE:BURL) last announced its earnings results on Wednesday, November 28th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. Burlington Stores had a net margin of 7.12% and a return on equity of 293.30%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. As a group, research analysts forecast that Burlington Stores Inc will post 6.38 EPS for the current fiscal year.
Several analysts recently issued reports on the company. Wedbush reissued a “neutral” rating and issued a $155.00 target price on shares of Burlington Stores in a research note on Friday, January 4th. Loop Capital lifted their price objective on Burlington Stores to $185.00 and gave the company a “buy” rating in a research report on Friday, December 28th. Zacks Investment Research cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Monday, December 3rd. Citigroup lifted their price objective on Burlington Stores from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 29th. Finally, Credit Suisse Group lifted their price objective on Burlington Stores from $178.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $177.75.
Burlington Stores 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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.
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