GW&K Investment Management LLC Has $41.68 Million Holdings in Burlington Stores Inc (BURL)

GW&K Investment Management LLC raised its holdings in Burlington Stores Inc (NYSE:BURL) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,760 shares of the company’s stock after buying an additional 32,319 shares during the quarter. GW&K Investment Management LLC owned 0.50% of Burlington Stores worth $41,678,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BURL. Stephens Inc. AR increased its holdings in Burlington Stores by 6,389.7% in the 2nd quarter. Stephens Inc. AR now owns 2,531 shares of the company’s stock valued at $233,000 after buying an additional 2,492 shares during the period. Teachers Advisors LLC increased its holdings in Burlington Stores by 7.8% in the 2nd quarter. Teachers Advisors LLC now owns 282,959 shares of the company’s stock valued at $26,029,000 after buying an additional 20,583 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Burlington Stores by 1.0% in the 2nd quarter. Nationwide Fund Advisors now owns 177,122 shares of the company’s stock valued at $16,293,000 after purchasing an additional 1,785 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Burlington Stores by 24.3% in the 2nd quarter. Amalgamated Bank now owns 12,663 shares of the company’s stock valued at $1,165,000 after purchasing an additional 2,475 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in shares of Burlington Stores by 1,340.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 7,200 shares of the company’s stock valued at $663,000 after purchasing an additional 6,700 shares in the last quarter.

Several equities research analysts have recently commented on BURL shares. Zacks Investment Research downgraded shares of Burlington Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Burlington Stores from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Cowen set a $132.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a research note on Monday, December 11th. Buckingham Research restated a “buy” rating and issued a $107.00 target price on shares of Burlington Stores in a research note on Thursday, October 19th. Finally, TheStreet upgraded shares of Burlington Stores from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $112.84.

In related news, EVP Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $95.37, for a total transaction of $228,888.00. Following the transaction, the executive vice president now owns 46,013 shares in the company, valued at approximately $4,388,259.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.51, for a total transaction of $1,970,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,701 shares of company stock worth $9,524,858. 2.60% of the stock is owned by corporate insiders.

Shares of Burlington Stores Inc (NYSE:BURL) traded up $2.27 during midday trading on Friday, reaching $125.73. 1,208,031 shares of the company traded hands, compared to its average volume of 1,003,615. The firm has a market cap of $8,296.89, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 1.63 and a beta of 0.56. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. Burlington Stores Inc has a 1-year low of $79.07 and a 1-year high of $126.88.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.51 EPS. research analysts predict that Burlington Stores Inc will post 4.28 earnings per share for the current year.

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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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