TD Asset Management Inc. Reduces Holdings in Burlington Stores Inc (BURL)

TD Asset Management Inc. lessened its stake in shares of Burlington Stores Inc (NYSE:BURL) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 84,805 shares of the company’s stock after selling 3,195 shares during the period. TD Asset Management Inc.’s holdings in Burlington Stores were worth $13,795,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Planning raised its position in Burlington Stores by 3.0% in the 4th quarter. Creative Planning now owns 3,708 shares of the company’s stock worth $603,000 after purchasing an additional 109 shares during the period. Cavalier Investments LLC increased its position in shares of Burlington Stores by 66.0% during the fourth quarter. Cavalier Investments LLC now owns 8,300 shares of the company’s stock worth $1,350,000 after acquiring an additional 3,300 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Burlington Stores by 0.9% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 78,890 shares of the company’s stock worth $12,833,000 after acquiring an additional 700 shares during the period. First Mercantile Trust Co. purchased a new position in shares of Burlington Stores during the fourth quarter worth approximately $219,000. Finally, OLD National Bancorp IN purchased a new position in shares of Burlington Stores during the fourth quarter worth approximately $214,000.

Shares of BURL stock traded up $0.13 during trading hours on Monday, reaching $169.76. 190,583 shares of the company’s stock were exchanged, compared to its average volume of 517,097. Burlington Stores Inc has a fifty-two week low of $110.67 and a fifty-two week high of $180.27. The firm has a market cap of $11.39 billion, a PE ratio of 38.85, a price-to-earnings-growth ratio of 1.16 and a beta of 0.19. The company has a quick ratio of 0.24, a current ratio of 1.00 and a debt-to-equity ratio of 5.63.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Wednesday, November 28th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. Burlington Stores had a return on equity of 293.30% and a net margin of 7.12%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts predict that Burlington Stores Inc will post 6.38 EPS for the current fiscal year.

A number of equities analysts have recently commented on the stock. Wedbush reaffirmed a “neutral” rating and set a $155.00 target price on shares of Burlington Stores in a research report on Friday, January 4th. Citigroup raised their target price on shares of Burlington Stores from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 29th. Zacks Investment Research lowered shares of Burlington Stores from a “buy” rating to a “hold” rating and set a $193.00 target price on the stock. in a research report on Monday, November 12th. Wells Fargo & Co set a $184.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a research note on Wednesday, November 28th. Finally, MKM Partners set a $174.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Burlington Stores has a consensus rating of “Buy” and a consensus price target of $177.75.

In related news, CFO Marc Katz sold 7,500 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $173.12, for a total value of $1,298,400.00. Following the completion of the transaction, the chief financial officer now directly owns 96,154 shares in the company, valued at $16,646,180.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Fred Hand sold 4,071 shares of the company’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $163.97, for a total value of $667,521.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,517 shares of company stock valued at $11,519,344. Corporate insiders own 1.91% of the company’s stock.

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Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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