Aperio Group LLC decreased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,394 shares of the company’s stock after selling 1,172 shares during the period. Aperio Group LLC’s holdings in Burlington Stores were worth $1,374,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Advisor Group Inc. lifted its position in shares of Burlington Stores by 9.2% during the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after purchasing an additional 128 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Burlington Stores by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after purchasing an additional 210 shares during the last quarter. Gilbert & Cook Inc. bought a new position in shares of Burlington Stores during the second quarter worth about $210,000. Sanders Morris Harris LLC bought a new position in shares of Burlington Stores during the third quarter worth about $239,000. Finally, Sciencast Management LP bought a new position in shares of Burlington Stores during the second quarter worth about $231,000.

A number of equities analysts have issued reports on the stock. Cowen and Company reissued a “buy” rating and issued a $110.00 target price on shares of Burlington Stores in a report on Friday, November 10th. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet raised shares of Burlington Stores from a “c+” rating to a “b-” rating in a report on Monday. Deutsche Bank AG assumed coverage on shares of Burlington Stores in a report on Thursday, September 14th. They issued a “buy” rating and a $108.00 target price on the stock. Finally, BMO Capital Markets reissued a “buy” rating and issued a $115.00 target price on shares of Burlington Stores in a report on Wednesday, September 13th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $105.96.

In related news, insider Fred Hand sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $87.80, for a total transaction of $702,400.00. Following the transaction, the insider now owns 76,309 shares in the company, valued at $6,699,930.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marc Katz sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $87.25, for a total transaction of $959,750.00. Following the transaction, the chief financial officer now owns 124,555 shares in the company, valued at approximately $10,867,423.75. The disclosure for this sale can be found here. Insiders sold 87,922 shares of company stock worth $8,052,750 in the last 90 days. 2.60% of the stock is owned by company insiders.

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Shares of Burlington Stores, Inc. (NYSE:BURL) opened at $100.15 on Friday. Burlington Stores, Inc. has a 12 month low of $74.01 and a 12 month high of $104.07. The company has a market cap of $6,793.75, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.33 and a beta of 0.51. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of -13.31.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.50 by $0.22. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.39 earnings per share. Burlington Stores’s revenue was up 8.6% compared to the same quarter last year. equities research analysts forecast that Burlington Stores, Inc. will post 4.24 EPS for the current fiscal year.

Burlington Stores declared that its board has approved a share buyback plan on Thursday, August 24th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Burlington Stores Profile

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.

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

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