Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Burlington Stores, Inc. (NYSE:BURL) by 14.7% in the 3rd quarter, Holdings Channel reports. The firm owned 145,467 shares of the company’s stock after selling 25,098 shares during the period. Victory Capital Management Inc.’s holdings in Burlington Stores were worth $38,328,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in BURL. Capital International Investors grew its position in Burlington Stores by 1.5% during the 1st quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock worth $1,716,986,000 after purchasing an additional 111,526 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Burlington Stores by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock worth $391,066,000 after buying an additional 12,238 shares during the last quarter. Bank of New York Mellon Corp increased its position in Burlington Stores by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock valued at $185,282,000 after acquiring an additional 64,410 shares during the period. Anomaly Capital Management LP raised its stake in Burlington Stores by 34.6% during the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after acquiring an additional 187,760 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in Burlington Stores by 2.2% during the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after acquiring an additional 14,080 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BURL. Telsey Advisory Group reissued an “outperform” rating and issued a $300.00 target price on shares of Burlington Stores in a report on Thursday, August 29th. Barclays increased their target price on shares of Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a report on Friday, August 30th. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price target on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, TD Cowen increased their target price on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.56.

Burlington Stores Price Performance

Shares of BURL opened at $268.94 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The firm has a market capitalization of $17.12 billion, a PE ratio of 40.44, a P/E/G ratio of 1.36 and a beta of 1.64. The stock has a 50 day simple moving average of $260.80 and a 200 day simple moving average of $244.48. Burlington Stores, Inc. has a 52-week low of $128.57 and a 52-week high of $282.49.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Sell-side analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by insiders.

Burlington Stores Profile

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.