Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 268,284 shares of the company’s stock after selling 2,118 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Burlington Stores were worth $52,833,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BURL. Tower Research Capital LLC TRC purchased a new position in Burlington Stores during the first quarter valued at approximately $30,000. Column Capital Advisors LLC purchased a new position in Burlington Stores in the first quarter worth $34,000. Advisors Asset Management Inc. purchased a new position in Burlington Stores in the fourth quarter worth $35,000. Signaturefd LLC grew its holdings in Burlington Stores by 113.2% in the first quarter. Signaturefd LLC now owns 226 shares of the company’s stock worth $36,000 after purchasing an additional 120 shares during the last quarter. Finally, Allred Capital Management LLC grew its holdings in Burlington Stores by 225.0% in the first quarter. Allred Capital Management LLC now owns 260 shares of the company’s stock worth $41,000 after purchasing an additional 180 shares during the last quarter.

Several equities analysts have issued reports on the stock. UBS Group lifted their price target on shares of Burlington Stores from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Morgan Stanley lifted their price target on shares of Burlington Stores from $206.00 to $224.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Nomura Instinet lifted their price target on shares of Burlington Stores from $190.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Nomura lifted their price target on shares of Burlington Stores from $190.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Cowen cut their price target on shares of Burlington Stores from $196.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Burlington Stores currently has a consensus rating of “Buy” and a consensus price target of $233.13.

In other Burlington Stores news, insider Fred Hand sold 14,372 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,077,045.20. Following the completion of the transaction, the insider now owns 47,735 shares in the company, valued at $10,220,063.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $197.73, for a total transaction of $395,460.00. Following the completion of the transaction, the chief marketing officer now owns 40,856 shares of the company’s stock, valued at approximately $8,078,456.88. The disclosure for this sale can be found here. Insiders have sold 31,776 shares of company stock valued at $6,588,457 over the last 90 days. 1.48% of the stock is currently owned by insiders.

NYSE BURL opened at $188.00 on Friday. The company has a market capitalization of $12.38 billion, a PE ratio of 134.29 and a beta of 0.72. The company has a fifty day moving average of $193.26 and a 200 day moving average of $196.61. Burlington Stores Inc has a 1 year low of $105.67 and a 1 year high of $250.89. The company has a debt-to-equity ratio of 16.75, a current ratio of 1.65 and a quick ratio of 1.18.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 28th. The company reported ($4.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.23) by ($3.53). The business had revenue of $801.50 million for the quarter, compared to analyst estimates of $883.81 million. Burlington Stores had a net margin of 0.83% and a return on equity of 26.65%. The company’s revenue for the quarter was down 51.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Research analysts expect that Burlington Stores Inc will post -1.31 earnings per share for the current year.

Burlington Stores 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, toys, and gifts, as well as baby, home, and beauty products.

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

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