Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Tobam

Tobam decreased its position in Burlington Stores, Inc. (NYSE:BURLFree Report) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,170 shares of the company’s stock after selling 432 shares during the quarter. Tobam’s holdings in Burlington Stores were worth $504,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in Burlington Stores during the first quarter worth approximately $40,000. Lindbrook Capital LLC raised its holdings in Burlington Stores by 114.6% during the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Mather Group LLC. acquired a new stake in Burlington Stores during the first quarter worth approximately $48,000. GAMMA Investing LLC acquired a new stake in Burlington Stores during the fourth quarter worth approximately $41,000. Finally, Fifth Third Bancorp acquired a new stake in Burlington Stores during the fourth quarter worth approximately $50,000.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Robert W. Baird raised their price objective on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Wells Fargo & Company lifted their target price on shares of Burlington Stores from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Citigroup upped their price target on shares of Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Burlington Stores from $246.00 to $284.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average price target of $246.87.

Check Out Our Latest Stock Report on Burlington Stores

Burlington Stores Stock Performance

BURL traded up $0.38 during trading on Monday, hitting $236.06. The stock had a trading volume of 10,451 shares, compared to its average volume of 955,147. The firm has a market capitalization of $15.07 billion, a P/E ratio of 39.48, a PEG ratio of 1.26 and a beta of 1.61. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $245.43. The company’s 50-day moving average price is $214.41 and its 200 day moving average price is $205.56. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07.

Burlington Stores (NYSE:BURLGet Free Report) last issued its quarterly earnings data on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. On average, equities research analysts forecast that Burlington Stores, Inc. will post 7.6 EPS for the current fiscal year.

Burlington Stores Profile

(Free Report)

Burlington Stores, Inc operates as a retailer of branded merchandise 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.

See Also

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

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