Burlington Stores, Inc. $BURL Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 64.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,597 shares of the company’s stock after selling 2,885 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Burlington Stores were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Burlington Stores by 14.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock valued at $72,000 after buying an additional 38 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Burlington Stores by 1,604.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,449 shares of the company’s stock valued at $345,000 after purchasing an additional 1,364 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Burlington Stores during the second quarter worth $1,630,000. Teacher Retirement System of Texas grew its position in Burlington Stores by 3.1% during the second quarter. Teacher Retirement System of Texas now owns 9,571 shares of the company’s stock valued at $2,227,000 after buying an additional 289 shares during the period. Finally, Hantz Financial Services Inc. raised its position in shares of Burlington Stores by 151.1% in the second quarter. Hantz Financial Services Inc. now owns 555 shares of the company’s stock worth $129,000 after acquiring an additional 334 shares during the period.

Burlington Stores Stock Performance

NYSE:BURL opened at $306.40 on Friday. The company has a market cap of $19.28 billion, a P/E ratio of 35.22, a P/E/G ratio of 1.74 and a beta of 1.74. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $332.20. The company’s 50-day moving average price is $301.18 and its 200-day moving average price is $282.15. The company has a current ratio of 1.21, a quick ratio of 0.46 and a debt-to-equity ratio of 1.32.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 25th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.74 billion. Burlington Stores had a net margin of 5.01% and a return on equity of 41.02%. Burlington Stores’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 EPS. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BURL has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $350.00 price target on Burlington Stores and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Evercore dropped their price target on shares of Burlington Stores from $370.00 to $335.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Citigroup reduced their price objective on shares of Burlington Stores from $358.00 to $351.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $350.00 target price on shares of Burlington Stores in a research report on Tuesday, November 25th. Finally, Gordon Haskett lowered shares of Burlington Stores from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Fifteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average price target of $338.44.

Burlington Stores Company Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.