Icon Advisers Inc. Co. Buys Shares of 7,800 Burlington Stores Inc (BURL)

Icon Advisers Inc. Co. bought a new position in Burlington Stores Inc (NYSE:BURL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,800 shares of the company’s stock, valued at approximately $1,271,000.

Several other institutional investors and hedge funds also recently modified their holdings of BURL. Allianz Asset Management GmbH raised its holdings in shares of Burlington Stores by 26.2% in the 1st quarter. Allianz Asset Management GmbH now owns 290,475 shares of the company’s stock worth $38,677,000 after buying an additional 60,255 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Burlington Stores by 38.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,100 shares of the company’s stock worth $1,219,000 after buying an additional 2,240 shares in the last quarter. NN Investment Partners Holdings N.V. raised its holdings in shares of Burlington Stores by 14.3% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 14,548 shares of the company’s stock worth $2,190,000 after buying an additional 1,821 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in shares of Burlington Stores by 30.5% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 2,000 shares of the company’s stock worth $301,000 after buying an additional 467 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Burlington Stores by 45.5% in the 2nd quarter. Bank of Montreal Can now owns 156,397 shares of the company’s stock worth $23,542,000 after buying an additional 48,884 shares in the last quarter.

In related news, VP John Crimmins sold 2,200 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $173.55, for a total transaction of $381,810.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $168.28, for a total value of $3,365,600.00. Following the sale, the chief executive officer now directly owns 322,973 shares of the company’s stock, valued at $54,349,896.44. The disclosure for this sale can be found here. Insiders have sold a total of 84,413 shares of company stock valued at $13,821,120 over the last ninety days. Insiders own 1.91% of the company’s stock.

A number of brokerages have recently issued reports on BURL. Citigroup increased their target price on Burlington Stores from $147.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, July 31st. SunTrust Banks increased their target price on Burlington Stores to $189.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Wedbush cut Burlington Stores from an “outperform” rating to a “neutral” rating and set a $175.00 target price for the company. in a report on Friday, November 2nd. Telsey Advisory Group increased their target price on Burlington Stores from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Finally, Wells Fargo & Co increased their target price on Burlington Stores from $165.00 to $178.00 and gave the stock an “outperform” rating in a report on Friday, August 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $172.75.

BURL stock opened at $173.62 on Friday. Burlington Stores Inc has a fifty-two week low of $96.04 and a fifty-two week high of $177.88. The firm has a market cap of $11.63 billion, a P/E ratio of 39.73, a price-to-earnings-growth ratio of 1.33 and a beta of 0.37. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 7.54.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.19. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $0.72 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts expect that Burlington Stores Inc will post 6.22 EPS for the current fiscal year.

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About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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

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