Pendal Group Ltd Has $1.95 Million Holdings in Burlington Stores Inc (BURL)

Pendal Group Ltd raised its stake in Burlington Stores Inc (NYSE:BURL) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,976 shares of the company’s stock after acquiring an additional 1,028 shares during the quarter. Pendal Group Ltd’s holdings in Burlington Stores were worth $1,951,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Synovus Financial Corp lifted its holdings in Burlington Stores by 244.7% in the third quarter. Synovus Financial Corp now owns 655 shares of the company’s stock valued at $106,000 after acquiring an additional 465 shares during the period. Hexavest Inc. acquired a new position in Burlington Stores in the third quarter valued at approximately $109,000. Harvest Fund Management Co. Ltd acquired a new position in Burlington Stores in the third quarter valued at approximately $194,000. First Republic Investment Management Inc. acquired a new position in Burlington Stores in the second quarter valued at approximately $219,000. Finally, Zacks Investment Management acquired a new position in Burlington Stores in the second quarter valued at approximately $220,000.

Shares of BURL stock opened at $172.12 on Friday. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.05 and a quick ratio of 0.29. The company has a market cap of $11.57 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 1.32 and a beta of 0.37. Burlington Stores Inc has a 1-year low of $96.24 and a 1-year high of $177.88.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. On average, sell-side analysts forecast that Burlington Stores Inc will post 6.23 earnings per share for the current fiscal year.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $151.09, for a total transaction of $3,021,800.00. Following the completion of the sale, the chief executive officer now directly owns 322,973 shares in the company, valued at $48,797,990.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Crimmins sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $173.55, for a total value of $381,810.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,413 shares of company stock valued at $13,821,120. Corporate insiders own 1.91% of the company’s stock.

BURL has been the subject of a number of analyst reports. SunTrust Banks boosted their price target on Burlington Stores to $189.00 and gave the company a “buy” rating in a report on Friday, August 31st. MKM Partners set a $174.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Friday, August 31st. Deutsche Bank boosted their price target on Burlington Stores from $175.00 to $176.00 and gave the company a “buy” rating in a report on Friday, August 31st. Cowen boosted their price target on Burlington Stores from $175.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Finally, Loop Capital set a $180.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Burlington Stores currently has an average rating of “Buy” and a consensus price target of $172.75.

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Burlington Stores Profile

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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