Burlington Stores Inc (BURL) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC grew its holdings in Burlington Stores Inc (NYSE:BURL) by 60.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 992,737 shares of the company’s stock after buying an additional 372,493 shares during the quarter. William Blair Investment Management LLC’s holdings in Burlington Stores were worth $161,737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BURL. Synovus Financial Corp lifted its stake in shares of Burlington Stores by 244.7% in the 3rd quarter. Synovus Financial Corp now owns 655 shares of the company’s stock valued at $106,000 after purchasing an additional 465 shares during the period. Hexavest Inc. purchased a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $109,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $194,000. Comerica Securities Inc. purchased a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $200,000. Finally, First Republic Investment Management Inc. purchased a new position in shares of Burlington Stores in the 2nd quarter valued at approximately $219,000.

A number of research firms recently weighed in on BURL. Citigroup raised their price objective on Burlington Stores from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Credit Suisse Group raised their price objective on Burlington Stores from $178.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays raised their price objective on Burlington Stores from $194.00 to $201.00 and gave the company an “overweight” rating in a research report on Thursday. Cowen set a $195.00 price objective on Burlington Stores and gave the company a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Co set a $184.00 price objective on Burlington Stores and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $178.50.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction on Monday, November 12th. The stock was sold at an average price of $172.65, for a total value of $3,453,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Fred Hand sold 4,071 shares of Burlington Stores stock in a transaction on Monday, November 5th. The stock was sold at an average price of $173.00, for a total value of $704,283.00. Following the completion of the sale, the insider now directly owns 67,903 shares of the company’s stock, valued at approximately $11,747,219. The disclosure for this sale can be found here. In the last three months, insiders sold 104,413 shares of company stock valued at $17,274,120. Corporate insiders own 1.91% of the company’s stock.

Shares of Burlington Stores stock traded up $1.96 on Friday, reaching $170.47. The company’s stock had a trading volume of 8,638 shares, compared to its average volume of 1,411,547. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 1.27 and a beta of 0.37. Burlington Stores Inc has a 52 week low of $103.98 and a 52 week high of $180.27. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 7.54.

Burlington Stores (NYSE:BURL) last posted its earnings results on Wednesday, November 28th. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.15. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. Burlington Stores had a return on equity of 341.05% and a net margin of 7.12%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. On average, equities research analysts forecast that Burlington Stores Inc will post 6.35 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Burlington Stores Inc (BURL) Shares Bought by William Blair Investment Management LLC” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.com-unik.info/2018/11/30/burlington-stores-inc-burl-shares-bought-by-william-blair-investment-management-llc.html.

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.

Featured Article: Day Trading

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 reddit