Credit Suisse AG Boosts Position in Burlington Stores Inc (BURL)

Credit Suisse AG boosted its stake in Burlington Stores Inc (NYSE:BURL) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 76,330 shares of the company’s stock after purchasing an additional 2,576 shares during the period. Credit Suisse AG owned about 0.11% of Burlington Stores worth $12,436,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. increased its holdings in Burlington Stores by 41.6% in the 3rd quarter. Raymond James Trust N.A. now owns 2,945 shares of the company’s stock valued at $479,000 after purchasing an additional 865 shares during the last quarter. First National Bank of Hutchinson purchased a new position in Burlington Stores in the 3rd quarter valued at approximately $311,000. First Hawaiian Bank purchased a new position in Burlington Stores in the 3rd quarter valued at approximately $997,000. Dimensional Fund Advisors LP boosted its position in Burlington Stores by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 286,714 shares of the company’s stock valued at $43,163,000 after buying an additional 20,962 shares during the period. Finally, Morgan Stanley boosted its position in Burlington Stores by 7.4% in the 2nd quarter. Morgan Stanley now owns 688,536 shares of the company’s stock valued at $103,646,000 after buying an additional 47,502 shares during the period.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $168.28, for a total value of $3,365,600.00. Following the completion of the sale, the chief executive officer now directly owns 322,973 shares of the company’s stock, valued at $54,349,896.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Fred Hand sold 4,071 shares of the business’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $152.12, for a total transaction of $619,280.52. Following the completion of the sale, the insider now directly owns 67,903 shares of the company’s stock, valued at $10,329,404.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,142 shares of company stock valued at $14,466,014. Corporate insiders own 1.91% of the company’s stock.

Several equities analysts have commented on the stock. Cowen set a $195.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Tuesday, September 25th. Citigroup raised their price target on shares of Burlington Stores from $158.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, August 31st. MKM Partners set a $174.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Friday, August 31st. Loop Capital set a $180.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Buckingham Research raised their price target on shares of Burlington Stores from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $178.50.

Burlington Stores stock opened at $157.79 on Friday. The firm has a market cap of $11.29 billion, a PE ratio of 28.94, a PEG ratio of 1.26 and a beta of 0.34. Burlington Stores Inc has a 12-month low of $108.33 and a 12-month high of $180.27. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.24.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Wednesday, November 28th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.15. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Burlington Stores had a net margin of 7.12% and a return on equity of 293.30%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS. As a group, sell-side analysts forecast that Burlington Stores Inc will post 6.37 earnings per share for the current 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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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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