Schroder Investment Management Group Boosts Stake in Burlington Stores Inc (BURL)

Schroder Investment Management Group lifted its position in shares of Burlington Stores Inc (NYSE:BURL) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 538,144 shares of the company’s stock after acquiring an additional 14,406 shares during the quarter. Schroder Investment Management Group owned approximately 0.80% of Burlington Stores worth $87,675,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Synovus Financial Corp grew its stake in shares of Burlington Stores by 244.7% during the 3rd quarter. Synovus Financial Corp now owns 655 shares of the company’s stock worth $106,000 after acquiring an additional 465 shares during the period. Hexavest Inc. bought a new position in shares of Burlington Stores during the 3rd quarter worth $109,000. Harvest Fund Management Co. Ltd bought a new position in shares of Burlington Stores during the 3rd quarter worth $194,000. Comerica Securities Inc. bought a new position in shares of Burlington Stores during the 3rd quarter worth $200,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Burlington Stores during the 2nd quarter worth $219,000.

BURL has been the subject of several research reports. SunTrust Banks increased their price target on Burlington Stores to $189.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. MKM Partners set a $174.00 price target on Burlington Stores and gave the stock a “buy” rating in a research note on Friday, August 31st. Deutsche Bank increased their price target on Burlington Stores from $175.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Cowen increased their price target on Burlington Stores from $175.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Finally, Loop Capital set a $180.00 price target on Burlington Stores and gave the stock a “buy” rating in a research note on Thursday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $176.75.

Shares of NYSE BURL opened at $148.32 on Friday. Burlington Stores Inc has a 52 week low of $101.40 and a 52 week high of $180.27. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 7.54. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 33.94, a P/E/G ratio of 1.15 and a beta of 0.37.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, topping the 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 business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Burlington Stores Inc will post 6.22 earnings per share for the current fiscal year.

In other news, insider Fred Hand sold 4,071 shares of Burlington Stores stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $152.12, for a total transaction of $619,280.52. Following the completion of the sale, the insider now owns 67,903 shares in the company, valued at approximately $10,329,404.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $151.09, for a total value of $3,021,800.00. Following the sale, the chief executive officer now owns 322,973 shares of the company’s stock, valued at approximately $48,797,990.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,413 shares of company stock valued at $17,274,120. 1.91% of the stock is owned by corporate insiders.

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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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