Redwood Investments LLC Sells 771 Shares of Burlington Stores Inc (BURL)

Redwood Investments LLC lowered its holdings in Burlington Stores Inc (NYSE:BURL) by 1.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 64,945 shares of the company’s stock after selling 771 shares during the quarter. Redwood Investments LLC’s holdings in Burlington Stores were worth $10,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BURL. Penn Capital Management Co. Inc. lifted its position in Burlington Stores by 177.8% during the 1st quarter. Penn Capital Management Co. Inc. now owns 26,356 shares of the company’s stock worth $4,129,000 after acquiring an additional 16,869 shares during the period. Shaker Investments LLC OH acquired a new stake in Burlington Stores during the 1st quarter worth approximately $1,541,000. OLD National Bancorp IN lifted its position in Burlington Stores by 32.2% during the 1st quarter. OLD National Bancorp IN now owns 1,743 shares of the company’s stock worth $273,000 after acquiring an additional 425 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in Burlington Stores by 3.9% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 5,979 shares of the company’s stock worth $937,000 after acquiring an additional 225 shares during the period. Finally, Stephens Inc. AR lifted its position in Burlington Stores by 9.0% during the 1st quarter. Stephens Inc. AR now owns 3,545 shares of the company’s stock worth $555,000 after acquiring an additional 293 shares during the period.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $143.19, for a total value of $2,863,800.00. Following the completion of the transaction, the chief executive officer now directly owns 306,458 shares of the company’s stock, valued at approximately $43,881,721.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Vecchio sold 800 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $169.75, for a total value of $135,800.00. The disclosure for this sale can be found here. Insiders sold a total of 108,015 shares of company stock valued at $16,733,335 over the last ninety days. 1.86% of the stock is currently owned by company insiders.

BURL has been the subject of a number of recent research reports. ValuEngine raised Burlington Stores from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Loop Capital increased their price objective on Burlington Stores to $200.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Telsey Advisory Group cut Burlington Stores from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $190.00 to $165.00 in a research report on Friday, March 8th. Citigroup decreased their price objective on Burlington Stores from $175.00 to $158.00 and set a “neutral” rating for the company in a research report on Friday, March 8th. Finally, Deutsche Bank increased their price objective on Burlington Stores from $164.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $179.79.

Shares of BURL stock opened at $165.25 on Friday. The company has a market cap of $10.84 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.38 and a beta of 0.16. Burlington Stores Inc has a 12-month low of $134.59 and a 12-month high of $180.27. The company has a quick ratio of 0.25, a current ratio of 1.02 and a debt-to-equity ratio of 3.05.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.06. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.05 billion. Burlington Stores had a return on equity of 226.76% and a net margin of 6.22%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.59 EPS. On average, equities research analysts expect that Burlington Stores Inc will post 7 earnings per share for the current year.

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Burlington Stores Company Profile

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

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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