Wellington Shields Capital Management LLC Purchases New Stake in Burlington Stores Inc (BURL)

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.

A number of equities analysts have issued reports on the stock. Citigroup raised their price target on shares of Burlington Stores from $147.00 to $158.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 31st. SunTrust Banks raised their price target on shares of Burlington Stores to $189.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Wedbush lowered shares of Burlington Stores from an “outperform” rating to a “neutral” rating and set a $175.00 price target for the company. in a research report on Friday, November 2nd. Telsey Advisory Group raised their price target on shares of Burlington Stores from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Finally, Wells Fargo & Co raised their price target on shares of Burlington Stores from $165.00 to $178.00 and gave the stock an “outperform” rating in a research report on Friday, August 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $172.75.

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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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)

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