Emerald Advisers Inc. PA Cuts Stake in Burlington Stores Inc (BURL)

Emerald Advisers Inc. PA lowered its position in shares of Burlington Stores Inc (NYSE:BURL) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 176,546 shares of the company’s stock after selling 2,991 shares during the period. Emerald Advisers Inc. PA’s holdings in Burlington Stores were worth $21,720,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Artemis Investment Management LLP purchased a new position in shares of Burlington Stores during the third quarter valued at $18,202,000. Zweig DiMenna Associates LLC purchased a new position in shares of Burlington Stores during the third quarter valued at $2,644,000. Legal & General Group Plc increased its stake in shares of Burlington Stores by 13.2% during the third quarter. Legal & General Group Plc now owns 47,146 shares of the company’s stock valued at $4,503,000 after buying an additional 5,484 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Burlington Stores during the third quarter valued at $584,000. Finally, Caxton Associates LP purchased a new position in shares of Burlington Stores during the third quarter valued at $3,580,000.

Burlington Stores Inc (NYSE BURL) opened at $116.89 on Wednesday. Burlington Stores Inc has a 52 week low of $79.07 and a 52 week high of $128.93. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. The stock has a market capitalization of $7,766.61, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.19 and a beta of 0.48.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts expect that Burlington Stores Inc will post 4.28 EPS for the current fiscal year.

BURL has been the topic of several research reports. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Wednesday, November 1st. Cowen set a $132.00 price target on Burlington Stores and gave the company a “buy” rating in a research note on Monday, December 11th. Buckingham Research restated a “buy” rating and set a $107.00 price target on shares of Burlington Stores in a research note on Thursday, October 19th. TheStreet upgraded Burlington Stores from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Finally, Telsey Advisory Group lifted their target price on Burlington Stores from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $114.49.

In other Burlington Stores news, insider Fred Hand sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $102.50, for a total value of $615,000.00. Following the completion of the sale, the insider now owns 71,810 shares of the company’s stock, valued at $7,360,525. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.51, for a total value of $1,970,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 87,701 shares of company stock valued at $9,589,154. Corporate insiders own 2.60% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Emerald Advisers Inc. PA Cuts Stake in Burlington Stores Inc (BURL)” was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.com-unik.info/2018/02/07/emerald-advisers-inc-pa-cuts-stake-in-burlington-stores-inc-burl.html.

Burlington Stores 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.

Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores Inc (NYSE:BURL).

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

Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit