Stone Ridge Asset Management LLC purchased a new stake in shares of Burlington Stores Inc (NYSE:BURL) in the 4th quarter, Holdings Channel reports. The fund purchased 12,019 shares of the company’s stock, valued at approximately $1,479,000.
Other institutional investors also recently bought and sold shares of the company. Focused Wealth Management Inc bought a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $101,000. YorkBridge Wealth Partners LLC bought a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $106,000. FNY Managed Accounts LLC bought a new stake in shares of Burlington Stores during the third quarter valued at approximately $114,000. Daiwa Securities Group Inc. bought a new stake in shares of Burlington Stores during the third quarter valued at approximately $143,000. Finally, American International Group Inc. bought a new position in Burlington Stores in the fourth quarter worth approximately $191,000.
BURL has been the subject of a number of recent research reports. Wells Fargo & Co set a $143.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a research note on Thursday, January 11th. Cowen set a $132.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a research note on Monday, December 11th. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Wednesday, January 24th. Royal Bank of Canada reissued a “buy” rating and issued a $115.00 price objective (up previously from $104.00) on shares of Burlington Stores in a research note on Wednesday, November 22nd. Finally, BMO Capital Markets set a $120.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $129.43.
Burlington Stores Inc (NYSE BURL) opened at $127.16 on Thursday. The company has a quick ratio of 0.22, a current ratio of 1.02 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 $128.93. The stock has a market cap of $8,673.62, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.18 and a beta of 0.48.
Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.08. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.89 billion. Burlington Stores had a net margin of 6.31% and a negative return on equity of 367.54%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 earnings per share. sell-side analysts anticipate that Burlington Stores Inc will post 5.77 EPS for the current fiscal year.
In other news, insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $122.98, for a total transaction of $295,152.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $117.91, for a total transaction of $2,358,200.00. The disclosure for this sale can be found here. Insiders have sold 67,300 shares of company stock worth $8,208,236 over the last three months. Corporate insiders own 2.60% of the company’s stock.
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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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