The Alaska State Department of Revenue reduced its position in shares of Burlington Stores, Inc. (NYSE: BURL – Get Rating) by 9.2% in the first quarter, the company said in its latest 13F filing with of the Securities and Exchange Commission. The institutional investor held 10,996 shares of the company after selling 1,115 shares during the period. Alaska State Department of Revenue holdings in Burlington stores were worth $2,003,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently increased or reduced their stakes in BURL. Cetera Investment Advisers increased its holdings in Burlington Stores by 3.9% during the third quarter. Cetera Investment Advisers now owns 1,663 shares of the company valued at $472,000 after buying 63 additional shares last quarter. Captrust Financial Advisors increased its stake in Burlington Stores by 4.6% during the third quarter. Captrust Financial Advisors now owns 1,598 shares of the company valued at $453,000 after buying 71 additional shares in the last quarter. Brookstone Capital Management increased its holdings in Burlington Stores by 3.8% during the fourth quarter. Brookstone Capital Management now owns 2,005 shares of the company valued at $508,000 after buying 74 additional shares in the last quarter. DNB Asset Management AS acquired a new stake in Burlington Stores during the 4th quarter at a value of $2,929,000. Finally, First Hawaiian Bank increased its stake in Burlington Stores by 419.0% during the 4th quarter. First Hawaiian Bank now owns 8,175 shares of the company valued at $2,383,000 after purchasing an additional 6,600 shares last quarter.
BURL has been the subject of several recent analyst reports. Telsey Advisory Group cut its price target on Burlington Stores stock from $280.00 to $250.00 and set an “outperform” rating for the company in a Friday, May 27 report. Citigroup lowered its price target on Burlington Stores shares from $292.00 to $220.00 and set a “buy” rating for the company in a Tuesday, May 31 report. Cowen downgraded shares of Burlington Stores from an “outperform” rating to a “market performer” rating and set a price target of $175.00 for the company. in a report on Wednesday, June 22. StockNews.com upgraded shares of Burlington Stores from a “sell” rating to a “hold” rating in a report on Friday. Finally, Credit Suisse Group lowered its price target on shares of Burlington Stores to $215.00 in a report on Friday, May 27. One equity research analyst gave the stock a sell rating, three issued a hold rating and fifteen gave the company’s stock a buy rating. According to data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.58.
NYSE:BURL shares opened at $138.00 on Friday. The company has a market capitalization of $9.12 billion, a PE ratio of 36.90, a P/E/G ratio of 2.89 and a beta of 0.78. The company’s 50-day moving average price is $172.28 and its 200-day moving average price is $207.17. Burlington Stores, Inc. has a fifty-two week low of $133.28 and a fifty-two week high of $357.34. The company has a quick ratio of 0.53, a current ratio of 1.26 and a debt ratio of 2.06.
Burlington Stores (NYSE:BURL – Get Rating) last released quarterly earnings data on Thursday, May 26. The company reported earnings per share of $0.54 for the quarter, missing the consensus estimate of $0.64 per ($0.10). The company posted revenue of $1.93 billion in the quarter, versus a consensus estimate of $2.02 billion. Burlington Stores had a net margin of 2.80% and a return on equity of 60.41%. The company’s revenue for the quarter decreased 12.0% compared to the same quarter last year. In the same quarter a year earlier, the company had earned earnings per share of $2.59. As a group, stock analysts expect Burlington Stores, Inc. to post EPS of 6.45 for the current year.
Burlington Stores Company Profile (Get an evaluation)
Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The Company offers fashion-focused products, including women’s ready-to-wear, men’s wear, youth wear, footwear, accessories, toys, gifts and coats, as well as baby, home and beauty products.
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