Oberweis Asset Management Inc. Trims Position in Burlington Stores Inc (BURL)

Oberweis Asset Management Inc. cut its stake in Burlington Stores Inc (NYSE:BURL) by 42.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,655 shares of the company’s stock after selling 11,665 shares during the period. Oberweis Asset Management Inc.’s holdings in Burlington Stores were worth $2,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Claybrook Capital LLC purchased a new stake in shares of Burlington Stores in the fourth quarter valued at about $25,000. Pearl River Capital LLC purchased a new position in Burlington Stores during the fourth quarter worth about $33,000. Tributary Capital Management LLC purchased a new position in Burlington Stores during the fourth quarter worth about $57,000. Bremer Trust National Association purchased a new position in Burlington Stores during the fourth quarter worth about $68,000. Finally, LS Investment Advisors LLC purchased a new position in Burlington Stores during the fourth quarter worth about $107,000.

Several research analysts recently issued reports on BURL shares. Wells Fargo & Co set a $184.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a report on Wednesday, November 28th. Citigroup increased their price target on shares of Burlington Stores from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 29th. Credit Suisse Group increased their price target on shares of Burlington Stores from $178.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 29th. ValuEngine cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Telsey Advisory Group cut shares of Burlington Stores from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $190.00 to $165.00 in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $176.50.



In other news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 10th. The shares were sold at an average price of $163.54, for a total value of $3,270,800.00. Following the sale, the chief executive officer now directly owns 317,473 shares in the company, valued at $51,919,534.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Vecchio sold 800 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $160.25, for a total transaction of $128,200.00. The disclosure for this sale can be found here. Insiders sold 87,246 shares of company stock worth $14,082,422 over the last quarter. Company insiders own 1.91% of the company’s stock.

BURL traded down $2.81 on Friday, hitting $137.99. 14,409 shares of the company were exchanged, compared to its average volume of 1,074,047. The firm has a market capitalization of $9.60 billion, a P/E ratio of 21.44, a PEG ratio of 0.97 and a beta of 0.16. Burlington Stores Inc has a fifty-two week low of $124.38 and a fifty-two week high of $180.27. The company has a current ratio of 1.00, a quick ratio of 0.24 and a debt-to-equity ratio of 5.63.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, March 7th. The company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.77 by $0.06. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.05 billion. Burlington Stores had a net margin of 6.22% and a return on equity of 289.91%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.59 earnings per share. Analysts predict that Burlington Stores Inc will post 7.03 EPS for the current year.

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About Burlington Stores

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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