Burlington Stores, Inc. $BURL Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has decreased its holdings in Burlington Stores by 1.9%, now owning 607,215 shares valued at approximately $144.7 million.
• Insider transactions included CMO Jennifer Vecchio selling 420 shares, and CAO Stephen Ferroni selling 450 shares, both indicating a decrease in their ownership.
• Analysts continue to support Burlington Stores with a consensus rating of "Buy" and target prices ranging from $300 to $338, indicating positive outlooks for the stock.

Northern Trust Corp lessened its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 1.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 607,215 shares of the company's stock after selling 11,745 shares during the quarter. Northern Trust Corp owned 0.96% of Burlington Stores worth $144,718,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC grew its stake in Burlington Stores by 14.2% during the first quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company's stock worth $213,000 after buying an additional 111 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Burlington Stores by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company's stock valued at $164,393,000 after acquiring an additional 21,548 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in Burlington Stores by 72.5% during 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 during the period. Asset Management One Co. Ltd. increased its holdings in Burlington Stores by 5.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 23,914 shares of the company's stock valued at $5,699,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC raised its position in Burlington Stores by 39.5% in the fourth quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company's stock valued at $130,106,000 after purchasing an additional 129,303 shares during the period.

Insider Transactions at Burlington Stores

In other news, CAO Stephen Ferroni sold 450 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer owned 2,389 shares of the company's stock, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $99,388.80. Following the completion of the sale, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on BURL shares. UBS Group set a $390.00 price objective on Burlington Stores and gave the stock a "buy" rating in a research note on Monday, July 14th. Loop Capital dropped their target price on Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Robert W. Baird reduced their price target on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Evercore ISI lowered their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Burlington Stores from $280.00 to $338.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Thirteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $318.92.

Burlington Stores Stock Up 6.2%

Shares of NYSE:BURL traded up $17.29 during midday trading on Thursday, reaching $297.59. The company had a trading volume of 1,195,621 shares, compared to its average volume of 1,122,381. The stock has a market capitalization of $18.77 billion, a P/E ratio of 36.50, a PEG ratio of 2.42 and a beta of 1.69. The stock's fifty day moving average price is $262.92 and its 200-day moving average price is $247.64. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $309.00.

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