Comerica Securities Inc. bought a new position in shares of Burlington Stores Inc (NYSE:BURL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,230 shares of the company’s stock, valued at approximately $200,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in Burlington Stores by 39.7% in the second quarter. FMR LLC now owns 3,445,692 shares of the company’s stock valued at $518,680,000 after purchasing an additional 979,815 shares in the last quarter. Renaissance Technologies LLC raised its stake in Burlington Stores by 1,187.5% in the second quarter. Renaissance Technologies LLC now owns 875,500 shares of the company’s stock valued at $131,789,000 after purchasing an additional 807,500 shares in the last quarter. Marshall Wace LLP raised its stake in Burlington Stores by 7,311.1% in the second quarter. Marshall Wace LLP now owns 467,347 shares of the company’s stock valued at $70,350,000 after purchasing an additional 461,041 shares in the last quarter. Millennium Management LLC raised its stake in Burlington Stores by 257.1% in the second quarter. Millennium Management LLC now owns 563,195 shares of the company’s stock valued at $84,778,000 after purchasing an additional 405,470 shares in the last quarter. Finally, Natixis raised its stake in Burlington Stores by 386.2% in the second quarter. Natixis now owns 493,433 shares of the company’s stock valued at $74,276,000 after purchasing an additional 391,945 shares in the last quarter.
BURL has been the subject of a number of analyst reports. Cowen boosted their price target on Burlington Stores from $175.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. DA Davidson initiated coverage on Burlington Stores in a research note on Wednesday, September 26th. They issued a “buy” rating and a $187.00 price target for the company. SunTrust Banks boosted their price target on Burlington Stores to $189.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Barclays initiated coverage on Burlington Stores in a research note on Tuesday, September 11th. They issued an “overweight” rating and a $194.00 price target for the company. Finally, Wells Fargo & Co boosted their price target on Burlington Stores from $165.00 to $178.00 and gave the company an “outperform” rating in a research note on Friday, August 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $172.75.
Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts anticipate that Burlington Stores Inc will post 6.23 earnings per share for the current fiscal year.
In other news, CFO Marc Katz sold 7,500 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $173.00, for a total transaction of $1,297,500.00. Following the sale, the chief financial officer now directly owns 107,757 shares in the company, valued at $18,641,961. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joyce Manning Magrini sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $174.35, for a total value of $435,875.00. Following the sale, the insider now owns 16,808 shares in the company, valued at $2,930,474.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,413 shares of company stock worth $13,821,120. Company insiders own 1.91% of the company’s stock.
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Burlington Stores Company 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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