Burlington Stores, Inc. (BURL) Shares Sold by Janus Henderson Group PLC
Janus Henderson Group PLC cut its holdings in Burlington Stores, Inc. (NYSE:BURL) by 69.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,348 shares of the company’s stock after selling 10,038 shares during the quarter. Janus Henderson Group PLC’s holdings in Burlington Stores were worth $415,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Trust N.A. lifted its holdings in Burlington Stores by 1.1% during the second quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock worth $350,000 after acquiring an additional 40 shares during the period. Advisor Group Inc. grew its position in 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 buying an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Burlington Stores by 6.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock worth $283,000 after buying an additional 191 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in 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 buying an additional 210 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its holdings in shares of Burlington Stores by 4.4% in the 2nd quarter. Suntrust Banks Inc. now owns 5,466 shares of the company’s stock worth $501,000 after purchasing an additional 229 shares in the last quarter.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $92.29, for a total transaction of $1,845,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marc Katz sold 11,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $102.59, for a total transaction of $1,128,490.00. Following the completion of the sale, the chief financial officer now directly owns 124,555 shares of the company’s stock, valued at $12,778,097.45. The disclosure for this sale can be found here. Insiders have sold 85,301 shares of company stock worth $8,644,706 over the last three months. 2.60% of the stock is owned by corporate insiders.
Shares of Burlington Stores, Inc. (NYSE:BURL) opened at $122.24 on Wednesday. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22. Burlington Stores, Inc. has a twelve month low of $79.07 and a twelve month high of $125.82. The stock has a market cap of $8,396.54, a P/E ratio of 32.08, a P/E/G ratio of 1.65 and a beta of 0.56.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. equities analysts anticipate that Burlington Stores, Inc. will post 4.28 EPS for the current year.
A number of equities research analysts have recently weighed in on the company. Cowen set a $132.00 target price on Burlington Stores and gave the company a “buy” rating in a research note on Monday, December 11th. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research note on Monday, November 27th. BMO Capital Markets set a $120.00 price target on Burlington Stores and gave the company a “buy” rating in a report on Wednesday, November 22nd. Morgan Stanley raised their target price on Burlington Stores from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. Finally, SunTrust Banks raised their price objective on Burlington Stores from $109.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $110.49.
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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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