Scout Investments Inc. Invests $30.74 Million in Burlington Stores Inc (BURL)

Scout Investments Inc. acquired a new position in Burlington Stores Inc (NYSE:BURL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 188,943 shares of the company’s stock, valued at approximately $30,735,000. Scout Investments Inc. owned 0.28% of Burlington Stores as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FMR LLC increased its holdings in Burlington Stores by 39.7% in the 2nd quarter. FMR LLC now owns 3,445,692 shares of the company’s stock worth $518,680,000 after acquiring an additional 979,815 shares in the last quarter. AQR Capital Management LLC increased its holdings in Burlington Stores by 207.9% in the 3rd quarter. AQR Capital Management LLC now owns 970,910 shares of the company’s stock worth $158,180,000 after acquiring an additional 655,529 shares in the last quarter. Millennium Management LLC increased its holdings in Burlington Stores by 257.1% in the 2nd quarter. Millennium Management LLC now owns 563,195 shares of the company’s stock worth $84,778,000 after acquiring an additional 405,470 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Burlington Stores by 60.1% in the 3rd quarter. William Blair Investment Management LLC now owns 992,737 shares of the company’s stock worth $161,737,000 after acquiring an additional 372,493 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Burlington Stores by 13.9% in the 3rd quarter. American Century Companies Inc. now owns 2,611,050 shares of the company’s stock worth $425,392,000 after acquiring an additional 319,216 shares in the last quarter.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $172.65, for a total value of $3,453,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joyce Manning Magrini sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $174.35, for a total transaction of $435,875.00. Following the completion of the transaction, the insider now directly owns 16,808 shares of the company’s stock, valued at $2,930,474.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,513 shares of company stock valued at $11,700,003. 1.91% of the stock is currently owned by insiders.

BURL traded up $1.74 during trading on Friday, reaching $166.04. 764,507 shares of the company traded hands, compared to its average volume of 742,737. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.24. Burlington Stores Inc has a 12-month low of $109.62 and a 12-month high of $180.27. The firm has a market cap of $11.15 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 1.25 and a beta of 0.35.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Wednesday, November 28th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. Burlington Stores had a net margin of 7.12% and a return on equity of 293.30%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm posted $0.70 EPS. The company’s revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts anticipate that Burlington Stores Inc will post 6.38 earnings per share for the current year.

Several equities research analysts recently issued reports on BURL shares. Cowen set a $195.00 target price on shares of Burlington Stores and gave the stock a “buy” rating in a report on Tuesday, September 25th. DA Davidson started coverage on shares of Burlington Stores in a report on Wednesday, September 26th. They issued a “buy” rating and a $187.00 target price for the company. Wedbush lowered shares of 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. Zacks Investment Research lowered shares of Burlington Stores from a “buy” rating to a “hold” rating and set a $193.00 target price for the company. in a report on Monday, November 12th. Finally, Bank of America increased their target price on shares of Burlington Stores from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 14th. One equities 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 company. The stock presently has an average rating of “Buy” and an average target price of $177.75.

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

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