188,943 Shares in Burlington Stores Inc (BURL) Acquired by Scout Investments Inc.

Scout Investments Inc. bought a new position in shares of Burlington Stores Inc (NYSE:BURL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 188,943 shares of the company’s stock, valued at approximately $30,735,000.

Several other large investors have also added to or reduced their stakes in BURL. Raymond James Trust N.A. raised its holdings in shares of Burlington Stores by 41.6% in the third quarter. Raymond James Trust N.A. now owns 2,945 shares of the company’s stock valued at $479,000 after acquiring an additional 865 shares in the last quarter. First National Bank of Hutchinson bought a new stake in shares of Burlington Stores in the third quarter valued at about $311,000. First Hawaiian Bank bought a new stake in shares of Burlington Stores in the third quarter valued at about $997,000. Dimensional Fund Advisors LP raised its holdings in shares of Burlington Stores by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 286,714 shares of the company’s stock valued at $43,163,000 after acquiring an additional 20,962 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Burlington Stores by 2.4% in the third quarter. PNC Financial Services Group Inc. now owns 824,884 shares of the company’s stock valued at $134,391,000 after acquiring an additional 19,624 shares in the last quarter.

In other news, insider Fred Hand sold 4,071 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $173.00, for a total transaction of $704,283.00. Following the sale, the insider now owns 67,903 shares in the company, valued at $11,747,219. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joyce Manning Magrini sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $174.35, for a total value of $435,875.00. Following the sale, the insider now owns 16,808 shares in the company, valued at approximately $2,930,474.80. The disclosure for this sale can be found here. Insiders sold 70,513 shares of company stock worth $11,700,003 in the last quarter. 1.91% of the stock is owned by insiders.



Several analysts recently weighed in on BURL shares. DA Davidson started coverage on Burlington Stores in a report on Wednesday, September 26th. They issued a “buy” rating and a $187.00 price objective for the company. Cowen set a $195.00 price objective on Burlington Stores and gave the company a “buy” rating in a report on Tuesday, September 25th. Wells Fargo & Co set a $184.00 price objective on Burlington Stores and gave the company a “buy” rating in a report on Wednesday, November 28th. MKM Partners set a $174.00 price objective on Burlington Stores and gave the company a “buy” rating in a report on Wednesday, November 28th. Finally, Bank of America lifted their price objective on Burlington Stores from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $177.75.

BURL traded up $1.74 on Friday, hitting $166.04. The company had a trading volume of 764,507 shares, compared to its average volume of 742,737. Burlington Stores Inc has a 12-month low of $109.62 and a 12-month high of $180.27. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.24. The firm has a market capitalization of $11.15 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 1.25 and a beta of 0.35.

Burlington Stores (NYSE:BURL) last posted its earnings results on Wednesday, November 28th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.15. Burlington Stores had a return on equity of 293.30% and a net margin of 7.12%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts expect that Burlington Stores Inc will post 6.38 EPS for the current year.

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Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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

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