Los Angeles Capital Management LLC Reduces Holdings in Burlington Stores, Inc. (NYSE:BURL)

Los Angeles Capital Management LLC decreased its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 81.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,183 shares of the company's stock after selling 198,870 shares during the period. Los Angeles Capital Management LLC owned about 0.07% of Burlington Stores worth $10,768,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in shares of Burlington Stores by 258.6% in the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after purchasing an additional 69 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Burlington Stores in the 4th quarter worth about $75,000. Blue Trust Inc. increased its position in shares of Burlington Stores by 35.9% in the 1st quarter. Blue Trust Inc. now owns 352 shares of the company's stock worth $84,000 after purchasing an additional 93 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Burlington Stores by 19.8% in the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after purchasing an additional 85 shares during the last quarter.

Analyst Ratings Changes

BURL has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Evercore ISI dropped their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Telsey Advisory Group reissued an "outperform" rating and issued a $300.00 target price (down previously from $340.00) on shares of Burlington Stores in a research report on Thursday, May 29th. Loop Capital lowered their price objective on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Barclays boosted their price objective on shares of Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores has a consensus rating of "Moderate Buy" and an average price target of $316.36.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of the transaction, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Travis Marquette sold 190 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the transaction, the chief operating officer directly owned 22,858 shares of the company's stock, valued at $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,060 shares of company stock valued at $253,164 in the last ninety days. Company insiders own 1.10% of the company's stock.

Burlington Stores Trading Up 3.1%

Burlington Stores stock opened at $273.65 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $244.23 and a two-hundred day moving average price of $248.26. The firm has a market capitalization of $17.26 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.32 and a beta of 1.64. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $298.89.

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

Burlington Stores 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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