Burlington Stores Inc (BURL) Holdings Raised by Wedge Capital Management L L P NC

Burlington Stores Inc (BURL) Holdings Raised by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its stake in Burlington Stores Inc (NYSE:BURL) by 21.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 263,042 shares of the company’s stock after purchasing an additional 45,624 shares during the period. Wedge Capital Management L L P NC’s holdings in Burlington Stores were worth $41,213,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Claybrook Capital LLC acquired a new position in shares of Burlington Stores in the 4th quarter valued at $25,000. Shine Investment Advisory Services Inc. boosted its stake in Burlington Stores by 101.1% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock worth $28,000 after purchasing an additional 91 shares during the period. Pearl River Capital LLC acquired a new stake in Burlington Stores during the 4th quarter worth $33,000. Huntington National Bank boosted its stake in Burlington Stores by 147.2% during the 1st quarter. Huntington National Bank now owns 220 shares of the company’s stock worth $34,000 after purchasing an additional 131 shares during the period. Finally, Executive Wealth Management LLC acquired a new stake in Burlington Stores during the 4th quarter worth $54,000.

Shares of BURL traded down $2.31 during trading hours on Thursday, reaching $165.69. The company had a trading volume of 9,063 shares, compared to its average volume of 1,202,286. The company has a quick ratio of 0.25, a current ratio of 1.02 and a debt-to-equity ratio of 3.05. The company has a market capitalization of $11.46 billion, a PE ratio of 25.73, a P/E/G ratio of 1.46 and a beta of 0.16. Burlington Stores Inc has a 12-month low of $134.59 and a 12-month high of $180.27.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.77 by $0.06. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.05 billion. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.59 EPS. On average, research analysts anticipate that Burlington Stores Inc will post 7 EPS for the current year.

In other Burlington Stores news, Director Paul Sullivan sold 4,159 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $148.91, for a total transaction of $619,316.69. Following the completion of the transaction, the director now directly owns 4,152 shares in the company, valued at approximately $618,274.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $168.64, for a total transaction of $3,372,800.00. Following the transaction, the chief executive officer now owns 306,458 shares of the company’s stock, valued at $51,681,077.12. The disclosure for this sale can be found here. Insiders sold a total of 79,531 shares of company stock valued at $12,309,506 in the last quarter. Insiders own 1.86% of the company’s stock.

A number of brokerages recently weighed in on BURL. Loop Capital increased their price target on shares of Burlington Stores to $200.00 and gave the stock a “buy” rating in a research note on Monday. ValuEngine upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Credit Suisse Group increased their price target on shares of Burlington Stores from $175.00 to $185.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 24th. Deutsche Bank increased their price target on shares of Burlington Stores from $164.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Co increased their price target on shares of Burlington Stores from $160.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Burlington Stores presently has a consensus rating of “Buy” and a consensus target price of $178.67.

About Burlington Stores

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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