Burlington Stores, Inc. (BURL) Shares Sold by Barings LLC

Barings LLC lowered its stake in Burlington Stores, Inc. (NYSE:BURL) by 75.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the company’s stock after selling 15,600 shares during the quarter. Barings LLC’s holdings in Burlington Stores were worth $477,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Burlington Stores by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,555,296 shares of the company’s stock worth $603,022,000 after buying an additional 193,490 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Burlington Stores by 23.9% in the 2nd quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock worth $264,896,000 after buying an additional 554,717 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Burlington Stores by 4.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,468,367 shares of the company’s stock worth $135,075,000 after buying an additional 56,547 shares during the last quarter. Balyasny Asset Management LLC increased its holdings in shares of Burlington Stores by 123.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,408,518 shares of the company’s stock worth $129,570,000 after buying an additional 777,645 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in shares of Burlington Stores by 18.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,261,653 shares of the company’s stock worth $119,453,000 after buying an additional 194,727 shares during the last quarter.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $87.81, for a total value of $1,756,200.00. Following the completion of the sale, the chief executive officer now owns 495,308 shares of the company’s stock, valued at approximately $43,492,995.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Sullivan sold 1,722 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $88.46, for a total transaction of $152,328.12. Following the completion of the sale, the director now directly owns 3,441 shares of the company’s stock, valued at approximately $304,390.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,423 shares of company stock valued at $9,243,618. 2.60% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on BURL. Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Monday, November 27th. BMO Capital Markets set a $120.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a report on Wednesday, November 22nd. Cowen reiterated a “buy” rating and set a $115.00 price target on shares of Burlington Stores in a report on Tuesday, November 21st. Morgan Stanley upped their price target on shares of Burlington Stores from $107.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. Finally, SunTrust Banks upped their price target on shares of Burlington Stores from $109.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Burlington Stores currently has a consensus rating of “Buy” and an average target price of $109.49.

Shares of Burlington Stores, Inc. (NYSE BURL) opened at $110.24 on Wednesday. The stock has a market cap of $7,613.05, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.49 and a beta of 0.56. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22. Burlington Stores, Inc. has a 52-week low of $79.07 and a 52-week high of $114.99.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. equities research analysts anticipate that Burlington Stores, Inc. will post 4.28 earnings per share for the current year.

Burlington Stores announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 24th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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

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