Parallel Advisors LLC reduced its stake in shares of Burlington Stores, Inc. (NYSE: BURL – Get a rating) by 29.0% in the first quarter, Participation channel reports. The company held 367 shares of the company after selling 150 shares during the period. Parallel Advisors LLC’s holdings in Burlington Stores were worth $70,000 at the end of the most recent reporting period.
Other institutional investors have also recently increased or reduced their stake in the company. Peregrine Capital Management LLC increased its holdings in Burlington Stores by 3.1% in the first quarter. Peregrine Capital Management LLC now owns 59,828 shares of the company valued at $10,899,000 after purchasing an additional 1,824 shares last quarter. Schroder Investment Management Group increased its stake in Burlington Stores by 31.3% during the fourth quarter. Schroder Investment Management Group now owns 110,862 shares of the company valued at $32,317,000 after purchasing an additional 26,459 shares last quarter. SG Americas Securities LLC increased its stake in Burlington Stores by 92.8% during the fourth quarter. SG Americas Securities LLC now owns 10,964 shares of the company valued at $3,196,000 after purchasing an additional 5,278 shares last quarter. Impax Asset Management Group plc increased its holdings in Burlington Stores by 15.2% during the fourth quarter. Impax Asset Management Group plc now owns 2,485 shares in the company valued at $724,000 after buying 328 more shares last quarter. Finally, DNB Asset Management AS increased its stake in shares of Burlington Stores by 7.5% in the 1st quarter. DNB Asset Management AS now owns 10,804 shares in the company worth $1,968,000 after acquiring an additional 758 shares in the last quarter.
Burlington Store Stock Performance
Shares of Burlington Store Stock opened at $156.39 on Friday. The company has a fifty-day moving average of $157.19 and a two-hundred-day moving average of $192.85. The stock has a market capitalization of $10.33 billion, a price/earnings ratio of 41.82, a PEG ratio of 2.75 and a beta of 0.86. Burlington Stores, Inc. has a 52-week low of $133.28 and a 52-week high of $357.34. The company has a debt ratio of 2.06, a quick ratio of 0.53 and a current ratio of 1.26.
Burlington Stores (NYSE: BURL – Get a rating) last released its results on Thursday, May 26. The company reported EPS of $0.54 for the quarter, missing the consensus estimate of $0.64 per ($0.10). Burlington Stores had a net margin of 2.80% and a return on equity of 60.41%. The company posted revenue of $1.93 billion for the quarter, versus a consensus estimate of $2.02 billion. In the same quarter a year earlier, the company posted EPS of $2.59. The company’s revenue was down 12.0% year over year. As a group, equity research analysts expect Burlington Stores, Inc. to post EPS of 6.45 for the current year.
Analysts set new price targets
Several research analysts have recently commented on the company. Loop Capital reduced its target price on Burlington stores from $135.00 to $120.00 and placed a “sell” rating on the stock in a Friday, July 8 report. Credit Suisse Group reduced its target price on Burlington stores to $215.00 in a Friday May 27 report. StockNews.com upgraded Burlington stores from a “sell” rating to a “hold” rating in a report released Sunday, July 17. Cowen downgraded Burlington Stores from an “outperforming” rating to a “market performing” rating and set a target price of $175.00 for the stock. in a report on Wednesday, June 22. Finally, Wells Fargo & Company cut its price target on Burlington stores from $210.00 to $200.00 and set an “overweight” rating on the stock in a Thursday, July 7 report. One equity research analyst gave the stock a sell rating, four gave the company a hold rating and fourteen gave the company a buy rating. According to MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.89.
Burlington Stores Company Profile
Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The Company offers fashion-focused products, including women’s ready-to-wear, men’s wear, youth wear, footwear, accessories, toys, gifts and coats, as well as baby, home and beauty products.
Receive daily news and reviews for Burlington stores – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Burlington stores and related companies with MarketBeat.com’s FREE daily email newsletter.