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Fox Run Management L.L.C. Invests $1.70 Million in Burlington Stores, Inc. (NYSE:BURL)

Burlington Stores logo with Retail/Wholesale background

Key Points

  • Fox Run Management L.L.C. acquired a new stake in Burlington Stores, purchasing 7,142 shares valued at approximately $1.7 million in the first quarter.
  • Burlington Stores reported a quarterly earnings per share of $1.60, exceeding expectations, with a revenue of $2.50 billion and a net margin of 4.88%.
  • Analysts have rated Burlington Stores with a consensus "Moderate Buy", and the average target price is $317.57, indicating positive sentiment towards the stock.
  • Need better tools to track Burlington Stores? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Fox Run Management L.L.C. bought a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,142 shares of the company's stock, valued at approximately $1,702,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BURL. Golden State Wealth Management LLC boosted its position in Burlington Stores by 258.6% during the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after purchasing an additional 75 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Burlington Stores in the fourth quarter valued at $75,000. Blue Trust Inc. boosted its holdings in shares of Burlington Stores by 35.9% during the first quarter. Blue Trust Inc. now owns 352 shares of the company's stock valued at $84,000 after acquiring an additional 93 shares during the period. Fifth Third Bancorp grew its position in shares of Burlington Stores by 19.8% during the first quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after acquiring an additional 85 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Burlington Stores by 105.1% during the first quarter. UMB Bank n.a. now owns 605 shares of the company's stock worth $144,000 after acquiring an additional 310 shares during the last quarter.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 420 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total value of $99,388.80. Following the completion of the sale, the chief marketing officer owned 65,429 shares in the company, valued at approximately $15,483,118.56. This represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the transaction, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at $576,680.71. This represents a 15.85% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Burlington Stores Price Performance

Shares of BURL traded down $0.79 during trading hours on Friday, hitting $280.54. 829,452 shares of the company were exchanged, compared to its average volume of 880,191. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. The company has a market capitalization of $17.70 billion, a PE ratio of 34.42, a PEG ratio of 2.43 and a beta of 1.69. The firm has a fifty day simple moving average of $256.02 and a 200-day simple moving average of $247.22. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. Burlington Stores's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.35 EPS. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

BURL has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Evercore ISI lowered their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $300.00 price target (down from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. Barclays increased their price objective on shares of Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, Wells Fargo & Company dropped their target price on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $317.57.

View Our Latest Analysis on BURL

Burlington Stores Profile

(Free Report)

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

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