Cwm LLC Sells 533 Shares of Burlington Stores, Inc. (NYSE:BURL)

Cwm LLC decreased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 14.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,268 shares of the company’s stock after selling 533 shares during the quarter. Cwm LLC’s holdings in Burlington Stores were worth $779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BURL. Capital International Investors increased its stake 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 valued at $1,470,929,000 after buying an additional 367,703 shares during the period. SRS Investment Management LLC lifted its holdings 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 lifted its holdings 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 during the period. Alyeska Investment Group L.P. lifted its holdings 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 during the period. Finally, Anomaly Capital Management LP lifted its holdings 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 during the period.

Burlington Stores Stock Up 0.8%

BURL stock opened at $276.11 on Wednesday. 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 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock has a market cap of $17.42 billion, a P/E ratio of 33.88, a PEG ratio of 2.39 and a beta of 1.64. The company’s 50 day moving average is $244.80 and its two-hundred day moving average is $248.34.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group set a $390.00 target price on Burlington Stores and gave the company a “buy” rating in a research note on Monday, July 14th. Morgan Stanley dropped their target price on Burlington Stores from $297.00 to $269.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Robert W. Baird dropped their target price on Burlington Stores from $335.00 to $325.00 and set an “outperform” rating for the company in a report on Friday, May 30th. Wells Fargo & Company dropped their price objective on Burlington Stores from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $300.00 price objective (down previously from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $316.79.

Insider Transactions at Burlington Stores

In related news, COO Travis Marquette sold 190 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the sale, the chief operating officer owned 22,858 shares of the company’s stock, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen Ferroni sold 450 shares of the company’s stock in a transaction that occurred on 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 directly owned 2,389 shares in the company, valued at approximately $576,680.71. The trade was a 15.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,060 shares of company stock valued at $253,164 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.