Assenagon Asset Management S.A. Reduces Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Assenagon Asset Management S.A. reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 43.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,067 shares of the company's stock after selling 28,936 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Burlington Stores worth $9,073,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. UMB Bank n.a. lifted its stake in shares of Burlington Stores by 105.1% during the 1st quarter. UMB Bank n.a. now owns 605 shares of the company's stock valued at $144,000 after buying an additional 310 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in Burlington Stores by 72.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company's stock worth $1,341,000 after purchasing an additional 2,365 shares in the last quarter. Merit Financial Group LLC lifted its stake in Burlington Stores by 38.6% in the 1st quarter. Merit Financial Group LLC now owns 1,638 shares of the company's stock worth $390,000 after purchasing an additional 456 shares in the last quarter. Rhumbline Advisers lifted its stake in Burlington Stores by 1.1% in the 1st quarter. Rhumbline Advisers now owns 209,637 shares of the company's stock worth $49,963,000 after purchasing an additional 2,230 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Burlington Stores by 23,496.5% in the 1st quarter. GAMMA Investing LLC now owns 214,020 shares of the company's stock worth $51,007,000 after purchasing an additional 213,113 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the sale, the chief accounting officer now owns 2,389 shares of the company's stock, valued at $576,680.71. This represents a 15.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. The trade was a 6.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,579 shares of company stock valued at $1,338,839 in the last quarter. Company insiders own 1.10% of the company's stock.

Burlington Stores Price Performance

BURL stock opened at $228.44 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89. The firm's fifty day moving average is $239.39 and its 200 day moving average is $256.65. The firm has a market cap of $14.41 billion, a P/E ratio of 31.29, a P/E/G ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.43 by $0.17. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned $1.35 EPS. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on BURL. Robert W. Baird lowered their target price on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Wells Fargo & Company lowered their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 target price (down from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. Loop Capital lowered their target price on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, Morgan Stanley decreased their price target on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $317.43.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.

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