Shell Asset Management Co. Increases Holdings in Burlington Stores, Inc. (NYSE:BURL)

Shell Asset Management Co. boosted its position in Burlington Stores, Inc. (NYSE:BURLGet Rating) by 5.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,463 shares of the company’s stock after purchasing an additional 177 shares during the period. Shell Asset Management Co.’s holdings in Burlington Stores were worth $472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Burlington Stores by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,884,904 shares of the company’s stock valued at $1,072,053,000 after purchasing an additional 33,036 shares in the last quarter. Capital Research Global Investors lifted its stake in Burlington Stores by 11.4% in the 1st quarter. Capital Research Global Investors now owns 3,658,689 shares of the company’s stock valued at $666,555,000 after buying an additional 374,400 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Burlington Stores by 6.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,037,825 shares of the company’s stock valued at $189,062,000 after buying an additional 63,098 shares during the last quarter. Parnassus Investments LLC increased its position in Burlington Stores by 10.0% during the first quarter. Parnassus Investments LLC now owns 1,003,142 shares of the company’s stock worth $182,742,000 after buying an additional 90,918 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Burlington Stores by 1.9% in the first quarter. Wellington Management Group LLP now owns 999,412 shares of the company’s stock worth $182,064,000 after acquiring an additional 18,372 shares during the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

Burlington Stores Trading Down 4.5 %

NYSE:BURL opened at $149.56 on Thursday. The business’s 50-day moving average is $130.36 and its two-hundred day moving average is $149.21. The firm has a market capitalization of $9.80 billion, a PE ratio of 61.80 and a beta of 1.00. Burlington Stores, Inc. has a 12 month low of $106.47 and a 12 month high of $304.17. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.20 and a quick ratio of 0.42.

Burlington Stores (NYSE:BURLGet Rating) last released its quarterly earnings results on Thursday, August 25th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. Burlington Stores had a return on equity of 45.72% and a net margin of 1.85%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the business earned $1.94 EPS. Burlington Stores’s quarterly revenue was down 10.3% compared to the same quarter last year. Research analysts predict that Burlington Stores, Inc. will post 3.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on BURL shares. StockNews.com began coverage on Burlington Stores in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Cowen decreased their target price on shares of Burlington Stores from $175.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday, August 26th. Barclays cut their price target on Burlington Stores from $176.00 to $164.00 and set an “overweight” rating for the company in a report on Friday, August 26th. Robert W. Baird raised their price objective on Burlington Stores from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Finally, The Goldman Sachs Group initiated coverage on Burlington Stores in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $183.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $204.68.

Burlington Stores Profile

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Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.

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

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