Ellington Management Group LLC acquired a new position in shares of Burlington Stores Inc (NYSE:BURL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,200 shares of the company’s stock, valued at approximately $1,255,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of Burlington Stores by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after purchasing an additional 210 shares during the last quarter. Amalgamated Bank increased its stake in shares of Burlington Stores by 4.1% during the 4th quarter. Amalgamated Bank now owns 13,340 shares of the company’s stock worth $1,641,000 after purchasing an additional 523 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Burlington Stores by 17.7% during the 4th quarter. Meeder Asset Management Inc. now owns 3,634 shares of the company’s stock worth $447,000 after buying an additional 547 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Burlington Stores by 6.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,499 shares of the company’s stock worth $1,002,000 after buying an additional 667 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Burlington Stores by 0.7% during the 4th quarter. Swiss National Bank now owns 117,500 shares of the company’s stock worth $14,456,000 after buying an additional 800 shares during the period.
In other news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $121.54, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $122.16, for a total transaction of $293,184.00. Following 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.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.08. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.89 billion. Burlington Stores had a net margin of 6.31% and a negative return on equity of 367.54%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 EPS. equities research analysts expect that Burlington Stores Inc will post 5.65 earnings per share for the current fiscal year.
BURL has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet raised shares of Burlington Stores from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Telsey Advisory Group lifted their target price on shares of Burlington Stores from $110.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $115.00 target price (up previously from $104.00) on shares of Burlington Stores in a report on Wednesday, November 22nd. Finally, SunTrust Banks lifted their target price on shares of Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Burlington Stores has an average rating of “Buy” and a consensus price target of $123.60.
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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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