PNC Financial Services Group Inc. lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,375 shares of the company’s stock after selling 6,055 shares during the period. PNC Financial Services Group Inc. owned 0.08% of Burlington Stores worth $10,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in Burlington Stores by 6.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 38,767 shares of the company’s stock worth $7,860,000 after purchasing an additional 2,234 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Burlington Stores by 187.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 7,022 shares of the company’s stock worth $1,424,000 after buying an additional 4,582 shares during the period. Commerce Bank boosted its stake in Burlington Stores by 54.4% during the fourth quarter. Commerce Bank now owns 3,866 shares of the company’s stock worth $784,000 after buying an additional 1,362 shares during the period. AM Squared Ltd purchased a new position in Burlington Stores during the fourth quarter worth $122,000. Finally, Chevy Chase Trust Holdings LLC purchased a new position in Burlington Stores during the fourth quarter worth $203,000.
Analyst Ratings Changes
Several research firms have commented on BURL. OTR Global raised shares of Burlington Stores from a “mixed” rating to a “positive” rating in a research note on Wednesday, February 1st. Telsey Advisory Group reissued an “outperform” rating and set a $250.00 target price on shares of Burlington Stores in a research note on Friday, March 3rd. Morgan Stanley boosted their target price on shares of Burlington Stores from $219.00 to $233.00 in a research note on Friday, March 3rd. UBS Group downgraded shares of Burlington Stores from a “neutral” rating to a “sell” rating in a report on Wednesday, March 29th. Finally, StockNews.com initiated coverage on shares of Burlington Stores in a report on Thursday, May 18th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.94.
Insider Activity
In other Burlington Stores news, CMO Jennifer Vecchio sold 47,153 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $209.46, for a total value of $9,876,667.38. Following the completion of the sale, the chief marketing officer now owns 55,173 shares of the company’s stock, valued at $11,556,536.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director William P. Mcnamara sold 500 shares of the firm’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $212.26, for a total value of $106,130.00. Following the completion of the transaction, the director now owns 8,154 shares in the company, valued at $1,730,768.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Jennifer Vecchio sold 47,153 shares of Burlington Stores stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $209.46, for a total value of $9,876,667.38. Following the sale, the chief marketing officer now owns 55,173 shares of the company’s stock, valued at approximately $11,556,536.58. The disclosure for this sale can be found here. Corporate insiders own 0.71% of the company’s stock.
Burlington Stores Stock Down 3.3 %
BURL stock opened at $161.74 on Wednesday. The company’s 50 day moving average price is $190.48 and its 200 day moving average price is $199.86. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.58 and a current ratio of 1.19. Burlington Stores, Inc. has a fifty-two week low of $106.47 and a fifty-two week high of $239.94. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 46.08, a PEG ratio of 0.85 and a beta of 1.10.
Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.72 by $0.24. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.61 billion. Burlington Stores had a net margin of 2.64% and a return on equity of 40.35%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 earnings per share. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 5.88 EPS for the current fiscal year.
Burlington Stores Company Profile
(Get Rating)
Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. It operates through the following segments: Ladies Apparel, Accessories and Shoes, Home, Mens Apparel, Kids Apparel and Baby, and Outerwear.
Further Reading
Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores, Inc. (NYSE:BURL – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Burlington Stores, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Burlington Stores wasn’t on the list.
While Burlington Stores currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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PNC Financial Services Group Inc. lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,375 shares of the company’s stock after selling 6,055 shares during the period. PNC Financial Services Group Inc. owned 0.08% of Burlington Stores worth $10,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in Burlington Stores by 6.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 38,767 shares of the company’s stock worth $7,860,000 after purchasing an additional 2,234 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Burlington Stores by 187.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 7,022 shares of the company’s stock worth $1,424,000 after buying an additional 4,582 shares during the period. Commerce Bank boosted its stake in Burlington Stores by 54.4% during the fourth quarter. Commerce Bank now owns 3,866 shares of the company’s stock worth $784,000 after buying an additional 1,362 shares during the period. AM Squared Ltd purchased a new position in Burlington Stores during the fourth quarter worth $122,000. Finally, Chevy Chase Trust Holdings LLC purchased a new position in Burlington Stores during the fourth quarter worth $203,000.
Analyst Ratings Changes
Several research firms have commented on BURL. OTR Global raised shares of Burlington Stores from a “mixed” rating to a “positive” rating in a research note on Wednesday, February 1st. Telsey Advisory Group reissued an “outperform” rating and set a $250.00 target price on shares of Burlington Stores in a research note on Friday, March 3rd. Morgan Stanley boosted their target price on shares of Burlington Stores from $219.00 to $233.00 in a research note on Friday, March 3rd. UBS Group downgraded shares of Burlington Stores from a “neutral” rating to a “sell” rating in a report on Wednesday, March 29th. Finally, StockNews.com initiated coverage on shares of Burlington Stores in a report on Thursday, May 18th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.94.
Insider Activity
In other Burlington Stores news, CMO Jennifer Vecchio sold 47,153 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $209.46, for a total value of $9,876,667.38. Following the completion of the sale, the chief marketing officer now owns 55,173 shares of the company’s stock, valued at $11,556,536.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director William P. Mcnamara sold 500 shares of the firm’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $212.26, for a total value of $106,130.00. Following the completion of the transaction, the director now owns 8,154 shares in the company, valued at $1,730,768.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Jennifer Vecchio sold 47,153 shares of Burlington Stores stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $209.46, for a total value of $9,876,667.38. Following the sale, the chief marketing officer now owns 55,173 shares of the company’s stock, valued at approximately $11,556,536.58. The disclosure for this sale can be found here. Corporate insiders own 0.71% of the company’s stock.
Burlington Stores Stock Down 3.3 %
BURL stock opened at $161.74 on Wednesday. The company’s 50 day moving average price is $190.48 and its 200 day moving average price is $199.86. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.58 and a current ratio of 1.19. Burlington Stores, Inc. has a fifty-two week low of $106.47 and a fifty-two week high of $239.94. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 46.08, a PEG ratio of 0.85 and a beta of 1.10.
Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.72 by $0.24. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.61 billion. Burlington Stores had a net margin of 2.64% and a return on equity of 40.35%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 earnings per share. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 5.88 EPS for the current fiscal year.
Burlington Stores Company Profile
(Get Rating)
Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. It operates through the following segments: Ladies Apparel, Accessories and Shoes, Home, Mens Apparel, Kids Apparel and Baby, and Outerwear.
Further Reading
Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores, Inc. (NYSE:BURL – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Burlington Stores, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Burlington Stores wasn’t on the list.
While Burlington Stores currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
