Primecap Management Co. CA Sells 99,400 Shares of Burlington Stores, Inc. (NYSE:BURL)

Primecap Management Co. CA reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 16.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 498,200 shares of the company’s stock after selling 99,400 shares during the period. Primecap Management Co. CA’s holdings in Burlington Stores were worth $131,266,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BURL. Crewe Advisors LLC acquired a new stake in Burlington Stores in the second quarter valued at approximately $25,000. ORG Partners LLC bought a new position in shares of Burlington Stores in the 2nd quarter valued at $38,000. Blue Trust Inc. boosted its holdings in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares in the last quarter. American National Bank acquired a new stake in shares of Burlington Stores during the 2nd quarter valued at $47,000. Finally, UMB Bank n.a. grew its position in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after acquiring an additional 141 shares during the last quarter.

Insider Buying and Selling

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on BURL. Bank of America lifted their price target on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Morgan Stanley lifted their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Telsey Advisory Group restated an “outperform” rating and issued a $300.00 price target on shares of Burlington Stores in a research report on Thursday, August 29th. UBS Group lifted their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, TD Cowen increased their price objective on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $297.56.

Burlington Stores Trading Up 1.4 %

NYSE:BURL opened at $272.86 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $261.16 and a two-hundred day simple moving average of $246.53. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 1.39 and a beta of 1.64. Burlington Stores, Inc. has a 12 month low of $165.74 and a 12 month high of $282.49.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the business earned $0.60 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts expect that Burlington Stores, Inc. will post 7.94 EPS for the current fiscal year.

Burlington Stores 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.