1832 Asset Management L.P. Trims Position in Burlington Stores, Inc. (NYSE:BURL)

1832 Asset Management L.P. cut its holdings in Burlington Stores, Inc. (NYSE:BURL) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 824,618 shares of the company’s stock after selling 4,600 shares during the period. 1832 Asset Management L.P. owned 1.29% of Burlington Stores worth $197,908,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores during the second quarter worth about $25,000. ORG Partners LLC acquired a new position in shares of Burlington Stores in the 2nd quarter valued at $38,000. Rise Advisors LLC purchased a new position in shares of Burlington Stores during the first quarter worth about $40,000. Blue Trust Inc. grew its stake in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after buying an additional 161 shares during the last quarter. Finally, American National Bank purchased a new position in shares of Burlington Stores during the second quarter worth approximately $47,000.

Burlington Stores Stock Down 1.3 %

Shares of NYSE BURL opened at $271.39 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $282.49. The company has a market cap of $17.32 billion, a P/E ratio of 45.46, a P/E/G ratio of 1.37 and a beta of 1.64. The stock has a fifty day moving average price of $260.88 and a 200 day moving average price of $229.72.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The company’s revenue for the quarter 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 fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BURL has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Loop Capital increased their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a report on Friday, August 30th. The Goldman Sachs Group raised their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Bank of America raised their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Morgan Stanley upped their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 30th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $294.94.

Burlington Stores Profile

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.