Amalgamated Bank Has $8.81 Million Holdings in Burlington Stores, Inc. (NYSE:BURL)

Amalgamated Bank lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,900 shares of the company’s stock after selling 92 shares during the quarter. Amalgamated Bank’s holdings in Burlington Stores were worth $8,808,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. IFP Advisors Inc raised its holdings in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after acquiring an additional 40 shares during the period. Fortitude Family Office LLC grew its position in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores in the fourth quarter worth about $31,000. Finally, Brooklyn Investment Group acquired a new position in shares of Burlington Stores during the 3rd quarter worth about $33,000.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BURL shares. TD Cowen raised their target price on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Robert W. Baird raised their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and upped their target price for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Evercore ISI raised their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Citigroup boosted their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $317.87.

Burlington Stores Stock Up 0.0 %

Shares of BURL opened at $235.99 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average price of $275.33 and a two-hundred day moving average price of $270.68. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. Equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 1,481 shares of company stock worth $421,892 over the last three months. 0.91% of the stock is currently owned by corporate insiders.

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.