Robeco Institutional Asset Management B.V. Trims Position in Burlington Stores Inc (NYSE:BURL)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Burlington Stores Inc (NYSE:BURL) by 93.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,332 shares of the company’s stock after selling 106,412 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Burlington Stores were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in shares of Burlington Stores during the second quarter worth about $263,000. Gateway Investment Advisers LLC acquired a new position in shares of Burlington Stores during the second quarter worth about $3,420,000. NEXT Financial Group Inc grew its position in shares of Burlington Stores by 5.5% during the second quarter. NEXT Financial Group Inc now owns 1,403 shares of the company’s stock worth $239,000 after buying an additional 73 shares in the last quarter. We Are One Seven LLC grew its position in shares of Burlington Stores by 14.2% during the second quarter. We Are One Seven LLC now owns 4,033 shares of the company’s stock worth $686,000 after buying an additional 501 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of Burlington Stores by 27.3% during the second quarter. IFM Investors Pty Ltd now owns 5,068 shares of the company’s stock worth $862,000 after buying an additional 1,087 shares in the last quarter.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $165.16, for a total transaction of $3,303,200.00. Following the completion of the sale, the chief executive officer now owns 309,483 shares in the company, valued at $51,114,212.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fred Hand sold 6,484 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $157.58, for a total value of $1,021,748.72. Following the sale, the insider now owns 58,614 shares of the company’s stock, valued at approximately $9,236,394.12. The disclosure for this sale can be found here. Insiders have sold 61,456 shares of company stock valued at $10,049,396 in the last 90 days. Company insiders own 1.86% of the company’s stock.

Shares of BURL stock traded down $5.53 during trading hours on Friday, hitting $171.53. The stock had a trading volume of 317,206 shares, compared to its average volume of 765,835. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.47 and a beta of 0.27. Burlington Stores Inc has a twelve month low of $136.30 and a twelve month high of $184.82. The stock has a 50 day moving average price of $176.72. The company has a debt-to-equity ratio of 11.41, a current ratio of 0.93 and a quick ratio of 0.26.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. Burlington Stores had a return on equity of 186.11% and a net margin of 6.05%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts expect that Burlington Stores Inc will post 7.01 EPS for the current year.

A number of equities analysts recently issued reports on BURL shares. Wedbush upped their price target on Burlington Stores from $155.00 to $162.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. OTR Global downgraded Burlington Stores to a “positive” rating in a report on Friday. Deutsche Bank upped their price target on Burlington Stores from $164.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. ValuEngine downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $182.67.

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, toys, and gifts, as well as baby, home, and beauty products.

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

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