Tabor Asset Management LP Trims Stake in Burlington Stores, Inc. (NYSE:BURL)

Tabor Asset Management LP decreased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 31.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,555 shares of the company's stock after selling 9,494 shares during the period. Burlington Stores makes up 1.3% of Tabor Asset Management LP's portfolio, making the stock its 23rd largest position. Tabor Asset Management LP's holdings in Burlington Stores were worth $4,899,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC grew its holdings in shares of Burlington Stores by 258.6% during the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after buying an additional 75 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after acquiring an additional 69 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $75,000. Blue Trust Inc. lifted its position in shares of Burlington Stores by 35.9% in the first quarter. Blue Trust Inc. now owns 352 shares of the company's stock worth $84,000 after purchasing an additional 93 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in 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 purchasing an additional 85 shares during the last quarter.

Burlington Stores Stock Up 0.8%

Burlington Stores stock traded up $2.20 during trading on Tuesday, hitting $276.11. 833,129 shares of the company were exchanged, compared to its average volume of 1,010,776. The company has a market capitalization of $17.42 billion, a P/E ratio of 33.88, a PEG ratio of 2.32 and a beta of 1.64. The business's 50 day moving average is $244.23 and its 200 day moving average is $248.26. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89. The company has a current ratio of 1.06, a quick ratio of 0.39 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 (EPS) for the quarter, beating 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 company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company posted $1.35 earnings per share. Burlington Stores's quarterly revenue was up 6.0% on a year-over-year basis. Analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BURL. Barclays lifted 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. Robert W. Baird lowered 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. Loop Capital cut their price objective on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. lifted their target price on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company dropped their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average target price of $316.79.

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.