Burlington Stores, Inc. (BURL) Position Decreased by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its stake in Burlington Stores, Inc. (NYSE:BURL) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 254,493 shares of the company’s stock after selling 1,323 shares during the period. Neuberger Berman Group LLC owned 0.37% of Burlington Stores worth $24,294,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FNY Managed Accounts LLC bought a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $114,000. Daiwa Securities Group Inc. bought a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $143,000. Advisor Group Inc. raised its stake in shares of Burlington Stores by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after acquiring an additional 128 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Burlington Stores by 10.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after acquiring an additional 210 shares in the last quarter. Finally, Vident Investment Advisory LLC bought a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $230,000.

Shares of Burlington Stores, Inc. (NYSE BURL) opened at $120.11 on Friday. Burlington Stores, Inc. has a fifty-two week low of $79.07 and a fifty-two week high of $120.54. The firm has a market capitalization of $8,118.77, a P/E ratio of 30.27, a PEG ratio of 1.59 and a beta of 0.56. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $0.51 EPS. Burlington Stores’s revenue for the quarter was up 7.1% compared to the same quarter last year. research analysts expect that Burlington Stores, Inc. will post 4.28 earnings per share for the current fiscal year.

BURL has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $107.00 price objective (up from $105.00) on shares of Burlington Stores in a research note on Friday, August 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 target price on shares of Burlington Stores in a report on Wednesday, September 13th. Deutsche Bank initiated coverage on Burlington Stores in a report on Thursday, September 14th. They issued a “buy” rating and a $108.00 target price on the stock. BidaskClub lowered Burlington Stores from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, SunTrust Banks set a $109.00 target price on Burlington Stores and gave the company a “buy” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $110.49.

In related news, insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $94.16, for a total value of $225,984.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Fred Hand sold 3,501 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $102.75, for a total value of $359,727.75. Following the completion of the sale, the insider now directly owns 71,810 shares in the company, valued at approximately $7,378,477.50. The disclosure for this sale can be found here. Insiders have sold a total of 87,701 shares of company stock worth $8,870,690 in the last three months. 2.60% of the stock is owned by insiders.

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Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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

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