Prudential PLC Lowers Position in Burlington Stores, Inc. (NYSE:BURL)

Prudential PLC cut its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 63.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,562 shares of the company’s stock after selling 2,698 shares during the quarter. Prudential PLC’s holdings in Burlington Stores were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. boosted its holdings in shares of Burlington Stores by 300.5% during the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after buying an additional 775,961 shares in the last quarter. Norges Bank purchased a new position in Burlington Stores during the 4th quarter valued at about $145,471,000. Bain Capital Public Equity Management II LLC bought a new stake in Burlington Stores during the fourth quarter worth about $100,164,000. Los Angeles Capital Management LLC grew its holdings in Burlington Stores by 466.1% in the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock worth $114,612,000 after purchasing an additional 406,426 shares during the period. Finally, Coatue Management LLC bought a new position in shares of Burlington Stores during the fourth quarter valued at approximately $77,735,000.

Burlington Stores Stock Up 0.8 %

Shares of Burlington Stores stock opened at $277.54 on Friday. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $282.49. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The company’s 50 day moving average is $258.20 and its 200 day moving average is $227.31. The company has a market cap of $17.67 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the firm earned $0.60 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Research analysts anticipate that Burlington Stores, Inc. will post 7.86 EPS for the current year.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BURL shares. UBS Group boosted their price target on Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday, August 19th. Robert W. Baird raised their price target on Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Evercore ISI upped their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a research report on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $294.94.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.