KBC Group NV Cuts Stake in Burlington Stores, Inc. (NYSE:BURL)

KBC Group NV reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 79.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,344 shares of the company's stock after selling 32,373 shares during the quarter. KBC Group NV's holdings in Burlington Stores were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in BURL. IFP Advisors Inc grew its holdings in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after buying an additional 40 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Burlington Stores in the fourth quarter valued at $219,000. Metis Global Partners LLC grew its holdings in shares of Burlington Stores by 5.9% in the fourth quarter. Metis Global Partners LLC now owns 867 shares of the company's stock valued at $247,000 after purchasing an additional 48 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Burlington Stores by 48.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 186 shares of the company's stock valued at $53,000 after purchasing an additional 61 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Burlington Stores by 21.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 269 shares of the company's stock valued at $77,000 after purchasing an additional 48 shares in the last quarter.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of the sale, the chief marketing officer directly owned 65,429 shares in the company, valued at approximately $15,483,118.56. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the sale, the chief operating officer owned 22,858 shares of the company's stock, valued at approximately $5,431,746.54. This trade represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,060 shares of company stock worth $253,164. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of recent research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $300.00 target price (down from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. JPMorgan Chase & Co. raised their target price on shares of Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Morgan Stanley cut their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Evercore ISI cut their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Finally, Wells Fargo & Company cut their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average target price of $317.43.

Burlington Stores Stock Up 2.1%

NYSE BURL opened at $247.39 on Friday. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89. The firm has a market capitalization of $15.61 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.12 and a beta of 1.64. The company has a fifty day moving average of $239.71 and a two-hundred day moving average of $251.28. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21.

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

About Burlington Stores

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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