Wellington Shields Capital Management LLC purchased a new position in shares of Burlington Stores Inc (NYSE:BURL) in the third quarter, HoldingsChannel.com reports. The fund purchased 1,500 shares of the company’s stock, valued at approximately $244,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Synovus Financial Corp raised its position in Burlington Stores by 244.7% during the 3rd quarter. Synovus Financial Corp now owns 655 shares of the company’s stock worth $106,000 after buying an additional 465 shares during the last quarter. Hexavest Inc. purchased a new position in Burlington Stores during the 3rd quarter worth approximately $109,000. Harvest Fund Management Co. Ltd purchased a new position in Burlington Stores during the 3rd quarter worth approximately $194,000. Comerica Securities Inc. purchased a new position in Burlington Stores during the 3rd quarter worth approximately $200,000. Finally, First Republic Investment Management Inc. purchased a new position in Burlington Stores during the 2nd quarter worth approximately $219,000.
In related news, VP John Crimmins sold 2,200 shares of Burlington Stores stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $173.55, for a total value of $381,810.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Fred Hand sold 4,071 shares of Burlington Stores stock in a transaction on Monday, November 5th. The shares were sold at an average price of $173.00, for a total transaction of $704,283.00. Following the completion of the sale, the insider now directly owns 67,903 shares in the company, valued at approximately $11,747,219. The disclosure for this sale can be found here. Insiders have sold a total of 84,413 shares of company stock worth $13,821,120 in the last ninety days. Corporate insiders own 1.91% of the company’s stock.
Shares of NYSE BURL opened at $172.12 on Friday. The company has a market cap of $11.57 billion, a PE ratio of 39.39, a PEG ratio of 1.32 and a beta of 0.37. Burlington Stores Inc has a 12 month low of $96.24 and a 12 month high of $177.88. The company has a debt-to-equity ratio of 7.54, a quick ratio of 0.29 and a current ratio of 1.05.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 30th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Burlington Stores had a net margin of 6.85% and a return on equity of 606.69%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. As a group, analysts forecast that Burlington Stores Inc will post 6.23 EPS for the current fiscal year.
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Burlington Stores 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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.
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