Pendal Group Ltd lifted its position in Burlington Stores Inc (NYSE:BURL) by 9.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,976 shares of the company’s stock after acquiring an additional 1,028 shares during the quarter. Pendal Group Ltd’s holdings in Burlington Stores were worth $1,951,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in BURL. FMR LLC raised its holdings in shares of Burlington Stores by 39.7% in the second quarter. FMR LLC now owns 3,445,692 shares of the company’s stock valued at $518,680,000 after acquiring an additional 979,815 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Burlington Stores by 1,187.5% in the second quarter. Renaissance Technologies LLC now owns 875,500 shares of the company’s stock valued at $131,789,000 after acquiring an additional 807,500 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Burlington Stores by 7,311.1% in the second quarter. Marshall Wace LLP now owns 467,347 shares of the company’s stock valued at $70,350,000 after acquiring an additional 461,041 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Burlington Stores by 257.1% in the second quarter. Millennium Management LLC now owns 563,195 shares of the company’s stock valued at $84,778,000 after acquiring an additional 405,470 shares in the last quarter. Finally, Natixis raised its holdings in shares of Burlington Stores by 386.2% in the second quarter. Natixis now owns 493,433 shares of the company’s stock valued at $74,276,000 after acquiring an additional 391,945 shares in the last quarter.
In other news, insider Fred Hand sold 4,071 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $172.42, for a total transaction of $701,921.82. Following the sale, the insider now owns 68,203 shares in the company, valued at $11,759,561.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $168.28, for a total value of $3,365,600.00. Following the sale, the chief executive officer now owns 322,973 shares in the company, valued at approximately $54,349,896.44. The disclosure for this sale can be found here. Insiders have sold 84,413 shares of company stock worth $13,821,120 in the last 90 days. Insiders own 1.91% of the company’s stock.
BURL has been the topic of several analyst reports. Cowen set a $195.00 target price on Burlington Stores and gave the company a “buy” rating in a research note on Tuesday, September 25th. Citigroup lifted their target price on Burlington Stores from $158.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday, August 31st. Zacks Investment Research lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. MKM Partners set a $174.00 target price on Burlington Stores and gave the company a “buy” rating in a research note on Friday, August 31st. Finally, Buckingham Research lifted their target price on Burlington Stores from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company’s stock. Burlington Stores presently has a consensus rating of “Buy” and a consensus target price of $172.75.
BURL opened at $172.12 on Friday. Burlington Stores Inc has a 1 year low of $96.24 and a 1 year high of $177.88. The company has a debt-to-equity ratio of 7.54, a quick ratio of 0.29 and a current ratio of 1.05. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 39.39, a P/E/G ratio of 1.32 and a beta of 0.37.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.19. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts predict that Burlington Stores Inc will post 6.23 EPS for the current fiscal year.
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Burlington Stores Company 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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