SG Americas Securities LLC Sells 10,771 Shares of Burlington Stores, Inc. (NYSE:BURL)

SG Americas Securities LLC trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 65.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,647 shares of the company’s stock after selling 10,771 shares during the quarter. SG Americas Securities LLC’s holdings in Burlington Stores were worth $1,346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors increased its position in shares of Burlington Stores by 7.7% during the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock worth $1,470,929,000 after acquiring an additional 367,703 shares during the period. SRS Investment Management LLC boosted its stake in shares of Burlington Stores by 10.8% during the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock valued at $362,146,000 after purchasing an additional 123,973 shares in the last quarter. Geode Capital Management LLC boosted its stake in Burlington Stores by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock valued at $308,403,000 after acquiring an additional 8,892 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Burlington Stores by 23.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock valued at $299,772,000 after acquiring an additional 197,187 shares in the last quarter. Finally, Anomaly Capital Management LP boosted its stake in Burlington Stores by 21.9% in the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company’s stock valued at $274,023,000 after acquiring an additional 172,431 shares in the last quarter.

Insider Activity

In other news, COO Travis Marquette sold 190 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer now owns 22,858 shares of the company’s stock, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 4,939 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the transaction, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. This trade represents a 6.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,579 shares of company stock worth $1,338,839 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Burlington Stores Stock Performance

NYSE:BURL opened at $235.88 on Tuesday. The company has a market capitalization of $14.88 billion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of $239.72 and a two-hundred day moving average price of $256.10.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.17. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore ISI reduced their target price on shares of Burlington Stores from $345.00 to $310.00 and set an “outperform” rating for the company in a report on Friday, May 30th. UBS Group lifted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday, March 7th. Wells Fargo & Company cut their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Robert W. Baird dropped their target price on shares of Burlington Stores from $335.00 to $325.00 and set an “outperform” rating on the stock in a research report on Friday, May 30th. Finally, Morgan Stanley lowered their price target on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average price target of $317.43.

Burlington Stores Company Profile

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.