Aperio Group LLC raised its stake in Burlington Stores, Inc. (NYSE:BURL) by 19.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,566 shares of the company’s stock after buying an additional 2,532 shares during the period. Aperio Group LLC’s holdings in Burlington Stores were worth $1,432,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Breton Hill Capital Ltd. increased its position in shares of Burlington Stores by 297.2% in the first quarter. Breton Hill Capital Ltd. now owns 11,010 shares of the company’s stock valued at $1,071,000 after buying an additional 8,238 shares during the period. Braun Stacey Associates Inc. increased its position in shares of Burlington Stores by 1.9% in the first quarter. Braun Stacey Associates Inc. now owns 176,988 shares of the company’s stock valued at $17,219,000 after buying an additional 3,295 shares during the period. ARP Americas LLC acquired a new position in shares of Burlington Stores during the first quarter valued at $210,000. First Mercantile Trust Co. increased its position in shares of Burlington Stores by 2.1% in the first quarter. First Mercantile Trust Co. now owns 10,741 shares of the company’s stock valued at $1,045,000 after buying an additional 220 shares during the period. Finally, Glen Harbor Capital Management LLC increased its position in shares of Burlington Stores by 84.9% in the first quarter. Glen Harbor Capital Management LLC now owns 25,586 shares of the company’s stock valued at $2,489,000 after buying an additional 11,748 shares during the period.

Shares of Burlington Stores, Inc. (NYSE:BURL) traded up 1.44% during midday trading on Friday, hitting $85.01. 894,653 shares of the stock were exchanged. The firm has a 50 day moving average of $87.93 and a 200-day moving average of $92.11. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 26.38 and a beta of 0.51. Burlington Stores, Inc. has a one year low of $68.94 and a one year high of $104.07.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, May 25th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Burlington Stores had a negative return on equity of 294.39% and a net margin of 4.08%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. Equities analysts expect that Burlington Stores, Inc. will post $3.97 EPS for the current year.

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Several brokerages recently weighed in on BURL. Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Friday, June 2nd. BMO Capital Markets set a $115.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a report on Thursday, June 8th. Wolfe Research began coverage on shares of Burlington Stores in a report on Friday, April 28th. They issued an “outperform” rating and a $113.00 price target on the stock. BidaskClub downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Finally, Vetr downgraded shares of Burlington Stores from a “strong-buy” rating to a “buy” rating and set a $105.25 price target on the stock. in a report on Thursday, April 20th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $104.62.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $88.20, for a total value of $1,764,000.00. Following the transaction, the chief executive officer now owns 538,308 shares of the company’s stock, valued at $47,478,765.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Fred Hand sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $100.47, for a total value of $1,255,875.00. Following the completion of the transaction, the insider now directly owns 80,809 shares in the company, valued at approximately $8,118,880.23. The disclosure for this sale can be found here. In the last three months, insiders sold 49,168 shares of company stock worth $4,591,891. Corporate insiders own 2.60% of the company’s stock.

About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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

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