US Bancorp DE raised its holdings in Burlington Stores Inc (NYSE:BURL) by 4.6% in the third quarter, Holdings Channel reports. The fund owned 19,963 shares of the company’s stock after buying an additional 869 shares during the period. US Bancorp DE’s holdings in Burlington Stores were worth $3,253,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BURL. Hexavest Inc. acquired a new stake in Burlington Stores in the 3rd quarter valued at about $109,000. Harvest Fund Management Co. Ltd acquired a new stake in Burlington Stores in the 3rd quarter valued at about $194,000. First Republic Investment Management Inc. acquired a new stake in Burlington Stores in the 2nd quarter valued at about $219,000. Zacks Investment Management acquired a new stake in Burlington Stores in the 2nd quarter valued at about $220,000. Finally, IPG Investment Advisors LLC acquired a new stake in Burlington Stores in the 2nd quarter valued at about $257,000.

In related news, insider Fred Hand sold 4,071 shares of Burlington Stores stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $172.42, for a total value of $701,921.82. Following the completion of the sale, the insider now owns 68,203 shares in the company, valued at approximately $11,759,561.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $168.28, for a total transaction of $3,365,600.00. Following the completion of the sale, the chief executive officer now owns 322,973 shares of the company’s stock, valued at approximately $54,349,896.44. The disclosure for this sale can be found here. Insiders have sold a total of 104,413 shares of company stock valued at $17,274,120 in the last 90 days. Insiders own 1.91% of the company’s stock.

Shares of NYSE BURL opened at $172.86 on Thursday. The company has a market cap of $11.65 billion, a PE ratio of 39.56, a PEG ratio of 1.33 and a beta of 0.37. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.05 and a quick ratio of 0.29. Burlington Stores Inc has a 1 year low of $96.24 and a 1 year high of $180.27.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Burlington Stores had a net margin of 6.85% and a return on equity of 606.69%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. On average, sell-side analysts expect that Burlington Stores Inc will post 6.23 EPS for the current fiscal year.

BURL has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of Burlington Stores from $147.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, July 31st. Zacks Investment Research downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Buckingham Research increased their price objective on shares of Burlington Stores from $165.00 to $190.00 and gave the company a “buy” rating in a report on Monday, August 20th. Deutsche Bank increased their price objective on shares of Burlington Stores from $167.00 to $175.00 and gave the company a “buy” rating in a report on Monday, August 20th. Finally, Telsey Advisory Group increased their price objective on shares of Burlington Stores from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Burlington Stores has a consensus rating of “Buy” and an average price target of $173.81.

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About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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

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