GSA Capital Partners LLP Sells 4,892 Shares of Burlington Stores Inc (BURL)

GSA Capital Partners LLP reduced its stake in Burlington Stores Inc (NYSE:BURL) by 37.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,333 shares of the company’s stock after selling 4,892 shares during the period. GSA Capital Partners LLP’s holdings in Burlington Stores were worth $1,358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First National Bank of Omaha increased its holdings in Burlington Stores by 19.8% in the 3rd quarter. First National Bank of Omaha now owns 1,895 shares of the company’s stock valued at $309,000 after purchasing an additional 313 shares in the last quarter. People s United Financial Inc. increased its holdings in Burlington Stores by 0.5% in the 2nd quarter. People s United Financial Inc. now owns 60,086 shares of the company’s stock valued at $9,045,000 after purchasing an additional 324 shares in the last quarter. Commerce Bank increased its holdings in Burlington Stores by 19.5% in the 3rd quarter. Commerce Bank now owns 2,233 shares of the company’s stock valued at $364,000 after purchasing an additional 365 shares in the last quarter. Alpine Woods Capital Investors LLC increased its holdings in Burlington Stores by 7.7% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 5,386 shares of the company’s stock valued at $877,000 after purchasing an additional 386 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in Burlington Stores by 2.9% in the 3rd quarter. Aperio Group LLC now owns 16,220 shares of the company’s stock valued at $2,643,000 after purchasing an additional 454 shares in the last quarter.

Shares of Burlington Stores stock opened at $157.79 on Friday. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.24. The stock has a market cap of $11.29 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 1.26 and a beta of 0.34. Burlington Stores Inc has a 1-year low of $108.33 and a 1-year high of $180.27.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Wednesday, November 28th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.06 by $0.15. Burlington Stores had a net margin of 7.12% and a return on equity of 293.30%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that Burlington Stores Inc will post 6.37 EPS for the current fiscal year.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $168.28, for a total transaction of $3,365,600.00. Following the transaction, the chief executive officer now owns 322,973 shares of the company’s stock, valued at $54,349,896.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joyce Manning Magrini sold 2,500 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $161.72, for a total transaction of $404,300.00. Following the transaction, the insider now directly owns 17,588 shares in the company, valued at approximately $2,844,331.36. The disclosure for this sale can be found here. Insiders have sold 88,142 shares of company stock worth $14,466,014 in the last ninety days. Corporate insiders own 1.91% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Monday, December 3rd. Citigroup increased their price target on Burlington Stores from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 29th. Credit Suisse Group raised their target price on Burlington Stores from $178.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 29th. Barclays raised their target price on Burlington Stores from $194.00 to $201.00 and gave the company an “overweight” rating in a research note on Thursday, November 29th. Finally, Cowen set a $195.00 target price on Burlington Stores and gave the company a “buy” rating in a research note on Wednesday, November 28th. One 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. Burlington Stores has a consensus rating of “Buy” and an average price target of $178.50.

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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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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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