Burlington Stores Inc (BURL) Shares Sold by Chicago Equity Partners LLC

Chicago Equity Partners LLC lowered its stake in Burlington Stores Inc (NYSE:BURL) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,255 shares of the company’s stock after selling 3,985 shares during the quarter. Chicago Equity Partners LLC’s holdings in Burlington Stores were worth $4,271,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Heritage Investors Management Corp raised its position in Burlington Stores by 0.3% in the fourth quarter. Heritage Investors Management Corp now owns 36,443 shares of the company’s stock worth $5,928,000 after acquiring an additional 92 shares in the last quarter. Creative Planning raised its position in Burlington Stores by 3.0% in the fourth quarter. Creative Planning now owns 3,708 shares of the company’s stock worth $603,000 after acquiring an additional 109 shares in the last quarter. First Hawaiian Bank raised its position in Burlington Stores by 2.2% in the fourth quarter. First Hawaiian Bank now owns 6,257 shares of the company’s stock worth $1,018,000 after acquiring an additional 137 shares in the last quarter. M&T Bank Corp raised its position in Burlington Stores by 3.0% in the fourth quarter. M&T Bank Corp now owns 9,214 shares of the company’s stock worth $1,499,000 after acquiring an additional 267 shares in the last quarter. Finally, First National Bank of Omaha raised its position in Burlington Stores by 19.8% in the third quarter. First National Bank of Omaha now owns 1,895 shares of the company’s stock worth $309,000 after acquiring an additional 313 shares in the last quarter.

Several equities research analysts have commented on the stock. Wedbush reiterated a “neutral” rating and issued a $155.00 price target on shares of Burlington Stores in a research report on Friday, January 4th. Loop Capital boosted their price target on shares of Burlington Stores to $185.00 and gave the stock a “buy” rating in a research report on Friday, December 28th. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Monday, December 3rd. Citigroup boosted their price target on shares of Burlington Stores from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 29th. Finally, Credit Suisse Group boosted their price target on shares of Burlington Stores from $178.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $177.75.

In other Burlington Stores news, insider Fred Hand sold 4,071 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $163.97, for a total transaction of $667,521.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $157.09, for a total value of $3,141,800.00. Following the sale, the chief executive officer now owns 317,473 shares in the company, valued at approximately $49,871,833.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,517 shares of company stock worth $11,519,344. Corporate insiders own 1.91% of the company’s stock.

NYSE BURL opened at $167.76 on Tuesday. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.24 and a current ratio of 1.00. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 1.16 and a beta of 0.19. Burlington Stores Inc has a 1 year low of $114.04 and a 1 year high of $180.27.

Burlington Stores (NYSE:BURL) last posted 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 firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. Burlington Stores had a return on equity of 293.30% and a net margin of 7.12%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. On average, sell-side analysts expect that Burlington Stores Inc will post 6.38 earnings per share for the current year.

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Burlington Stores 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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