Picton Mahoney Asset Management Trims Position in Burlington Stores Inc (NYSE:BURL)

Picton Mahoney Asset Management cut its position in Burlington Stores Inc (NYSE:BURL) by 19.2% in the second quarter, HoldingsChannel.com reports. The firm owned 50,000 shares of the company’s stock after selling 11,900 shares during the quarter. Picton Mahoney Asset Management’s holdings in Burlington Stores were worth $8,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BURL. Insight Wealth Strategies LLC lifted its holdings in Burlington Stores by 185.2% during the 2nd quarter. Insight Wealth Strategies LLC now owns 10,628 shares of the company’s stock valued at $1,808,000 after buying an additional 6,901 shares in the last quarter. Enlightenment Research LLC bought a new stake in Burlington Stores during the 2nd quarter valued at about $772,000. Great Lakes Advisors LLC lifted its holdings in Burlington Stores by 22.2% during the 2nd quarter. Great Lakes Advisors LLC now owns 96,532 shares of the company’s stock valued at $16,425,000 after buying an additional 17,561 shares in the last quarter. National Asset Management Inc. lifted its holdings in Burlington Stores by 4.7% during the 2nd quarter. National Asset Management Inc. now owns 1,929 shares of the company’s stock valued at $329,000 after buying an additional 87 shares in the last quarter. Finally, FTB Advisors Inc. lifted its holdings in Burlington Stores by 54.9% during the 2nd quarter. FTB Advisors Inc. now owns 488 shares of the company’s stock valued at $83,000 after buying an additional 173 shares in the last quarter.

A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird started coverage on shares of Burlington Stores in a report on Tuesday, May 14th. They issued an “outperform” rating and a $200.00 price target for the company. Loop Capital upgraded shares of Burlington Stores to a “buy” rating and set a $200.00 price target for the company in a report on Friday, August 16th. OTR Global lowered shares of Burlington Stores to a “positive” rating in a report on Friday, August 9th. Finally, Guggenheim restated a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $182.24.



In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $165.16, for a total transaction of $3,303,200.00. Following the sale, the chief executive officer now owns 309,483 shares of the company’s stock, valued at approximately $51,114,212.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Fred Hand sold 6,486 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $178.62, for a total transaction of $1,158,529.32. Following the sale, the insider now directly owns 62,558 shares in the company, valued at approximately $11,174,109.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,458 shares of company stock worth $6,630,907. Insiders own 1.86% of the company’s stock.

Shares of Burlington Stores stock traded down $3.40 on Friday, reaching $173.96. The stock had a trading volume of 1,102,120 shares, compared to its average volume of 849,290. The company has a 50 day moving average price of $176.45 and a 200 day moving average price of $165.42. The company has a quick ratio of 0.26, a current ratio of 0.93 and a debt-to-equity ratio of 11.41. Burlington Stores Inc has a 1 year low of $136.30 and a 1 year high of $184.82. The stock has a market capitalization of $11.55 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.45 and a beta of 0.27.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, May 30th. The company reported $1.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.26. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts forecast that Burlington Stores Inc will post 7.01 earnings per share for the current fiscal year.

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, toys, and gifts, as well as baby, home, and beauty products.

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

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