Credit Suisse AG raised its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 11.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,536 shares of the company’s stock after buying an additional 11,677 shares during the quarter. Credit Suisse AG owned about 0.17% of Burlington Stores worth $22,412,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of Montreal Can lifted its stake in Burlington Stores by 5.8% in the 1st quarter. Bank of Montreal Can now owns 6,412 shares of the company’s stock worth $1,222,000 after purchasing an additional 349 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Burlington Stores during the first quarter worth about $246,000. MetLife Investment Management LLC purchased a new stake in shares of Burlington Stores in the 1st quarter valued at about $751,000. Yousif Capital Management LLC boosted its position in shares of Burlington Stores by 8.5% during the 1st quarter. Yousif Capital Management LLC now owns 1,538 shares of the company’s stock valued at $280,000 after acquiring an additional 120 shares during the last quarter. Finally, Raymond James Trust N.A. grew its holdings in shares of Burlington Stores by 14.9% during the first quarter. Raymond James Trust N.A. now owns 1,471 shares of the company’s stock worth $268,000 after purchasing an additional 191 shares in the last quarter.
Insider Activity at Burlington Stores
In other news, CMO Jennifer Vecchio sold 47,153 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $209.46, for a total transaction of $9,876,667.38. Following the transaction, the chief marketing officer now directly owns 55,173 shares of the company’s stock, valued at $11,556,536.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director William P. Mcnamara sold 500 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $212.26, for a total transaction of $106,130.00. Following the sale, the director now owns 8,154 shares of the company’s stock, valued at $1,730,768.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 47,153 shares of the stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $209.46, for a total transaction of $9,876,667.38. Following the sale, the chief marketing officer now directly owns 55,173 shares of the company’s stock, valued at $11,556,536.58. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.
Burlington Stores Stock Performance
Burlington Stores (NYSE:BURL – Get Rating) last released its earnings results on Thursday, May 25th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.09). Burlington Stores had a return on equity of 41.79% and a net margin of 2.77%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the business posted $0.54 EPS. Burlington Stores’s revenue was up 10.8% on a year-over-year basis. As a group, analysts anticipate that Burlington Stores, Inc. will post 5.86 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on BURL shares. Jefferies Financial Group decreased their price target on shares of Burlington Stores from $260.00 to $225.00 in a report on Tuesday, May 9th. Sanford C. Bernstein decreased their price target on shares of Burlington Stores from $230.00 to $200.00 in a research note on Friday, May 26th. Robert W. Baird decreased their target price on shares of Burlington Stores from $270.00 to $250.00 in a research report on Friday, May 26th. Morgan Stanley upped their price target on shares of Burlington Stores from $219.00 to $233.00 in a research report on Friday, March 3rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 price objective on shares of Burlington Stores in a report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.76.
About Burlington Stores
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.
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