TD Asset Management Inc Has $45.33 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Key Points

• TD Asset Management Inc has reduced its holdings in Burlington Stores by 4.3%, owning 190,206 shares valued at approximately $45.33 million after selling 8,557 shares in the first quarter.
• Asset management firms have shown mixed trends with Burlington, as Nissay Asset Management and others slightly raised their positions, indicating cautious optimism regarding stock performance.
• Burlington Stores' stock recently dropped by 2.7% to $280.35, while analysts have set various price targets, with a consensus expectation for a moderate buy rating at an average price target of $317.57.

TD Asset Management Inc cut its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 190,206 shares of the company's stock after selling 8,557 shares during the quarter. TD Asset Management Inc owned 0.30% of Burlington Stores worth $45,332,000 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. Capital International Investors lifted its stake in shares of Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after acquiring an additional 367,703 shares in the last quarter. SRS Investment Management LLC lifted its stake in Burlington Stores by 10.8% during the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock worth $362,146,000 after purchasing an additional 123,973 shares during the period. Geode Capital Management LLC increased its holdings in shares of Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock worth $308,403,000 after buying an additional 8,892 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Burlington Stores by 23.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock valued at $299,772,000 after purchasing an additional 197,187 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Burlington Stores by 0.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock worth $229,169,000 after acquiring an additional 5,912 shares during the period.

Insider Buying and Selling

In related 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 owned 65,429 shares of the company's stock, 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 is accessible through the SEC website. Also, COO Travis Marquette sold 190 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $237.63, for a total value 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. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,060 shares of company stock worth $253,164 in the last three months. 1.10% of the stock is currently owned by insiders.

Burlington Stores Trading Down 0.7%

NYSE BURL traded down $1.97 during trading hours on Friday, hitting $271.00. 574,830 shares of the company's stock were exchanged, compared to its average volume of 1,147,653. The business's 50 day moving average is $246.88 and its 200-day moving average is $248.30. The firm has a market capitalization of $17.10 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.43 by $0.17. The company 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%. The business's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 EPS. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on BURL. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $300.00 target price (down from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. Robert W. Baird lowered their target price on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. The Goldman Sachs Group decreased their price target on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. UBS Group set a $390.00 target price on shares of Burlington Stores and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company lowered their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $317.57.

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.