Burlington Stores, Inc. (NYSE:BURL) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,442 shares of the company’s stock after selling 402 shares during the period. M&T Bank Corp’s holdings in Burlington Stores were worth $583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Crossmark Global Holdings Inc. lifted its stake in Burlington Stores by 4.7% during the first quarter. Crossmark Global Holdings Inc. now owns 3,779 shares of the company’s stock valued at $901,000 after purchasing an additional 171 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Burlington Stores by 7.2% during the first quarter. IFM Investors Pty Ltd now owns 12,755 shares of the company’s stock valued at $3,361,000 after purchasing an additional 852 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Burlington Stores by 27.6% during the first quarter. OneDigital Investment Advisors LLC now owns 1,339 shares of the company’s stock valued at $319,000 after purchasing an additional 290 shares during the last quarter. Palisade Capital Management LP lifted its position in shares of Burlington Stores by 2.4% in the 1st quarter. Palisade Capital Management LP now owns 17,481 shares of the company’s stock valued at $4,166,000 after acquiring an additional 407 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Burlington Stores by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,869 shares of the company’s stock valued at $3,067,000 after acquiring an additional 59 shares in the last quarter.

Burlington Stores Stock Performance

Shares of BURL opened at $252.20 on Wednesday. The firm has a 50-day moving average of $243.24 and a 200-day moving average of $249.02. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89. The company has a market cap of $15.91 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 2.23 and a beta of 1.64. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.17. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 EPS. As a group, equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

BURL has been the subject of several research analyst reports. Loop Capital reduced their price target on shares of Burlington Stores from $315.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Barclays upped their price target on shares of Burlington Stores from $254.00 to $299.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Morgan Stanley dropped their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Finally, Robert W. Baird dropped their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an “outperform” rating on the stock in a research note on Friday, May 30th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $316.36.

Insider Buying and Selling

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $241.39, for a total value of $108,625.50. Following the completion of the sale, the chief accounting officer owned 2,389 shares of the company’s stock, valued at $576,680.71. The trade was a 15.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Travis Marquette sold 190 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer directly owned 22,858 shares of the company’s stock, valued at $5,431,746.54. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,060 shares of company stock valued at $253,164. Company insiders own 1.10% of the company’s stock.

Burlington Stores 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.