Alliancebernstein L.P. lowered its stake in Burlington Stores Inc (NYSE:BURL) by 18.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 728,549 shares of the company’s stock after selling 164,478 shares during the quarter. Alliancebernstein L.P. owned about 1.08% of Burlington Stores worth $118,695,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BURL. FMR LLC grew its stake in shares of Burlington Stores by 39.7% in the second quarter. FMR LLC now owns 3,445,692 shares of the company’s stock valued at $518,680,000 after buying an additional 979,815 shares in the last quarter. Renaissance Technologies LLC grew its stake in Burlington Stores by 1,187.5% during the 2nd quarter. Renaissance Technologies LLC now owns 875,500 shares of the company’s stock valued at $131,789,000 after purchasing an additional 807,500 shares in the last quarter. Marshall Wace LLP grew its stake in Burlington Stores by 7,311.1% during the 2nd quarter. Marshall Wace LLP now owns 467,347 shares of the company’s stock valued at $70,350,000 after purchasing an additional 461,041 shares in the last quarter. Millennium Management LLC grew its stake in Burlington Stores by 257.1% during the 2nd quarter. Millennium Management LLC now owns 563,195 shares of the company’s stock valued at $84,778,000 after purchasing an additional 405,470 shares in the last quarter. Finally, Natixis grew its stake in Burlington Stores by 386.2% during the 2nd quarter. Natixis now owns 493,433 shares of the company’s stock valued at $74,276,000 after purchasing an additional 391,945 shares in the last quarter.

A number of equities research analysts have weighed in on BURL shares. SunTrust Banks raised their price objective on Burlington Stores to $189.00 and gave the company a “buy” rating in a research note on Friday, August 31st. MKM Partners set a $174.00 price objective on Burlington Stores and gave the company a “buy” rating in a research note on Friday, August 31st. Deutsche Bank raised their price objective on Burlington Stores from $175.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Cowen raised their price objective on Burlington Stores from $175.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Finally, Loop Capital set a $180.00 price objective on Burlington Stores and gave the company a “buy” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $173.81.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $151.09, for a total value of $3,021,800.00. Following the sale, the chief executive officer now owns 322,973 shares of the company’s stock, valued at approximately $48,797,990.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Marc Katz sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $172.46, for a total value of $1,293,450.00. Following the completion of the sale, the chief financial officer now directly owns 115,423 shares in the company, valued at approximately $19,905,850.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,413 shares of company stock valued at $17,274,120. Insiders own 1.91% of the company’s stock.

Shares of BURL opened at $148.54 on Thursday. The company has a market capitalization of $10.58 billion, a PE ratio of 34.19, a PEG ratio of 1.21 and a beta of 0.37. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 7.54. Burlington Stores Inc has a 52 week low of $101.39 and a 52 week high of $180.27.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. Equities analysts expect that Burlington Stores Inc will post 6.22 earnings per share for the current year.

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Burlington Stores Company Profile

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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