Scout Investments Inc. Reduces Holdings in Burlington Stores Inc (BURL)

Scout Investments Inc. decreased its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 85.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,725 shares of the company’s stock after selling 162,218 shares during the quarter. Scout Investments Inc.’s holdings in Burlington Stores were worth $4,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BURL. Claybrook Capital LLC acquired a new position in shares of Burlington Stores during the 4th quarter worth $25,000. Pearl River Capital LLC acquired a new position in Burlington Stores in the 4th quarter valued at $33,000. Huntington National Bank grew its stake in Burlington Stores by 147.2% in the 1st quarter. Huntington National Bank now owns 220 shares of the company’s stock valued at $34,000 after buying an additional 131 shares during the last quarter. Executive Wealth Management LLC acquired a new position in Burlington Stores in the 4th quarter valued at $54,000. Finally, Tributary Capital Management LLC acquired a new position in Burlington Stores in the 4th quarter valued at $57,000.

BURL has been the subject of a number of research reports. Wedbush reissued a “neutral” rating and issued a $162.00 price target (up from $155.00) on shares of Burlington Stores in a report on Tuesday. Citigroup reduced their price target on shares of Burlington Stores from $175.00 to $158.00 and set a “neutral” rating for the company in a report on Friday, March 8th. Credit Suisse Group reduced their price target on shares of Burlington Stores from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, March 8th. Telsey Advisory Group downgraded shares of Burlington Stores from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $190.00 to $165.00 in a report on Friday, March 8th. Finally, Cowen set a $165.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $176.89.

NYSE:BURL opened at $160.15 on Tuesday. The stock has a market cap of $10.52 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.31 and a beta of 0.14. Burlington Stores Inc has a 52 week low of $132.35 and a 52 week high of $180.27. The company has a quick ratio of 0.25, a current ratio of 1.02 and a debt-to-equity ratio of 3.05.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 7th. The company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.06. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.05 billion. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $3.59 EPS. On average, equities research analysts expect that Burlington Stores Inc will post 7.03 EPS for the current year.

In related news, insider Joyce Manning Magrini sold 2,500 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $170.76, for a total transaction of $426,900.00. Following the completion of the sale, the insider now owns 8,508 shares in the company, valued at approximately $1,452,826.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Fred Hand sold 6,486 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $156.90, for a total transaction of $1,017,653.40. Following the sale, the insider now owns 55,489 shares of the company’s stock, valued at approximately $8,706,224.10. The disclosure for this sale can be found here. Insiders have sold a total of 92,806 shares of company stock valued at $14,613,585 over the last ninety days. 1.91% of the stock is owned by insiders.

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About Burlington Stores

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.

Further Reading: Depreciation

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

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