Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in Burlington Stores, Inc. (NYSE:BURLFree Report) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,992 shares of the company’s stock after selling 2,076 shares during the period. Amalgamated Bank’s holdings in Burlington Stores were worth $8,166,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Tributary Capital Management LLC boosted its holdings in shares of Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after buying an additional 50 shares during the period. GAMMA Investing LLC lifted its position in shares of Burlington Stores by 20.4% in the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after acquiring an additional 53 shares in the last quarter. Signaturefd LLC lifted its position in shares of Burlington Stores by 9.1% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after acquiring an additional 54 shares in the last quarter. Cetera Investment Advisers increased its stake in Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock valued at $2,962,000 after buying an additional 61 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in Burlington Stores by 6.5% in the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock valued at $256,000 after buying an additional 65 shares during the period.

Burlington Stores Stock Performance

NYSE:BURL opened at $252.55 on Thursday. Burlington Stores, Inc. has a 1 year low of $125.38 and a 1 year high of $282.49. The firm’s fifty day simple moving average is $260.96 and its 200 day simple moving average is $240.35. 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 market capitalization of $16.08 billion, a PE ratio of 37.98, a PEG ratio of 1.24 and a beta of 1.64.

Burlington Stores (NYSE:BURLGet Free Report) last posted its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the business posted $0.60 EPS. Burlington Stores’s revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.91 EPS for the current year.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on BURL. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Evercore ISI upped their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Loop Capital upped their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Citigroup upped their price objective on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $294.94.

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Burlington Stores Company Profile

(Free Report)

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.

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

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