Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC reduced its position in Burlington Stores, Inc. (NYSE:BURLFree Report) by 78.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,927 shares of the company’s stock after selling 10,652 shares during the quarter. Blueshift Asset Management LLC’s holdings in Burlington Stores were worth $569,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BURL. Norges Bank purchased a new stake in Burlington Stores in the 4th quarter valued at $145,471,000. Cooper Creek Partners Management LLC raised its holdings in Burlington Stores by 716.8% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after buying an additional 536,038 shares during the period. Rokos Capital Management LLP raised its holdings in Burlington Stores by 560.3% in the 3rd quarter. Rokos Capital Management LLP now owns 424,069 shares of the company’s stock valued at $57,773,000 after buying an additional 359,842 shares during the period. Wellington Management Group LLP raised its holdings in Burlington Stores by 44.0% in the 3rd quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock valued at $106,316,000 after buying an additional 239,955 shares during the period. Finally, Artemis Investment Management LLP raised its holdings in Burlington Stores by 96.7% in the 4th quarter. Artemis Investment Management LLP now owns 478,838 shares of the company’s stock valued at $93,124,000 after buying an additional 235,343 shares during the period.

Burlington Stores Stock Down 2.2 %

Burlington Stores stock traded down $5.17 during mid-day trading on Tuesday, hitting $228.89. The company had a trading volume of 1,285,726 shares, compared to its average volume of 985,349. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 1.32 and a beta of 1.61. Burlington Stores, Inc. has a 1 year low of $115.66 and a 1 year high of $243.64. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average of $197.30 and a 200 day moving average of $195.89.

Burlington Stores (NYSE:BURLGet Free Report) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.04 by $0.38. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.44 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 5,025 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the transaction, the chief marketing officer now directly owns 61,115 shares in the company, valued at $13,765,542.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

BURL has been the topic of several research analyst reports. Citigroup boosted their price objective on shares of Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a report on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 price objective on shares of Burlington Stores in a report on Thursday, May 30th. BMO Capital Markets boosted their price target on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday. Robert W. Baird boosted their price target on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Evercore ISI boosted their price target on shares of Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Check Out Our Latest Stock Analysis on Burlington Stores

Burlington Stores Company Profile

(Free Report)

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.

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

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