Elkfork Partners LLC Purchases New Position in Burlington Stores, Inc. (BURL)
Elkfork Partners LLC purchased a new position in Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,612 shares of the company’s stock, valued at approximately $1,493,000.
Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Burlington Stores by 2.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,290 shares of the company’s stock worth $105,000 after buying an additional 32 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Burlington Stores during the third quarter worth approximately $106,000. Catalyst Capital Advisors LLC purchased a new position in shares of Burlington Stores during the third quarter worth approximately $109,000. Frontier Wealth Management LLC purchased a new position in shares of Burlington Stores during the fourth quarter worth approximately $200,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Burlington Stores by 12.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,544 shares of the company’s stock worth $206,000 after buying an additional 285 shares during the last quarter.
Burlington Stores, Inc. (NYSE:BURL) traded down 0.451% during midday trading on Friday, hitting $85.075. The company had a trading volume of 303,701 shares. The stock has a market cap of $5.95 billion, a PE ratio of 32.671 and a beta of 0.54. The stock’s 50-day moving average price is $84.51 and its 200-day moving average price is $81.41. Burlington Stores, Inc. has a 52-week low of $51.19 and a 52-week high of $91.67.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.18. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, equities research analysts expect that Burlington Stores, Inc. will post $3.17 EPS for the current fiscal year.
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A number of equities analysts have commented on BURL shares. MKM Partners increased their target price on Burlington Stores from $94.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 23rd. Zacks Investment Research raised Burlington Stores from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a report on Wednesday, November 16th. TheStreet raised Burlington Stores from a “hold” rating to a “buy” rating in a report on Tuesday, January 3rd. Wedbush set a $107.00 target price on Burlington Stores and gave the company a “buy” rating in a report on Wednesday, February 8th. Finally, Credit Suisse Group set a $75.00 target price on Burlington Stores and gave the company a “hold” rating in a report on Saturday, November 26th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Burlington Stores currently has a consensus rating of “Buy” and a consensus price target of $91.41.
In other Burlington Stores news, insider Fred Hand sold 10,000 shares of Burlington Stores stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $89.11, for a total value of $891,100.00. Following the sale, the insider now owns 71,465 shares of the company’s stock, valued at approximately $6,368,246.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marc Katz sold 8,000 shares of Burlington Stores stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $88.51, for a total value of $708,080.00. Following the completion of the sale, the chief financial officer now directly owns 100,465 shares in the company, valued at approximately $8,892,157.15. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.
Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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