Axa S.A. Trims Position in Burlington Stores, Inc. (NYSE:BURL)

Axa S.A. lowered its holdings in Burlington Stores, Inc. (NYSE:BURL) by 100.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,173 shares of the company’s stock after selling 7,598,167 shares during the quarter. Axa S.A.’s holdings in Burlington Stores were worth $762,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BURL. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Burlington Stores by 60.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,358 shares of the company’s stock worth $2,966,000 after purchasing an additional 4,670 shares during the period. Marshall Wace LLP purchased a new stake in shares of Burlington Stores in the second quarter worth about $47,725,000. Interval Partners LP grew its holdings in Burlington Stores by 114.4% during the second quarter. Interval Partners LP now owns 68,599 shares of the company’s stock worth $16,464,000 after acquiring an additional 36,599 shares during the period. Anomaly Capital Management LP lifted its holdings in Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after acquiring an additional 187,760 shares during the period. Finally, Ensign Peak Advisors Inc boosted its position in Burlington Stores by 5.3% in the 2nd quarter. Ensign Peak Advisors Inc now owns 30,157 shares of the company’s stock worth $7,238,000 after purchasing an additional 1,510 shares in the last quarter.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $259.68 on Wednesday. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The business has a 50-day moving average of $263.67 and a 200 day moving average of $232.38. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $282.49.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup raised their target price on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. TD Cowen upped their price objective on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, Barclays upped their price target on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $294.94.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on 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 transaction, 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 SEC, which is accessible through the SEC website. Also, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

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.