Meadow Creek Investment Management LLC Decreases Position in Burlington Stores Inc (BURL)

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Meadow Creek Investment Management LLC cut its position in shares of Burlington Stores Inc (NYSE:BURL) by 60.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,392 shares of the company’s stock after selling 9,656 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Burlington Stores were worth $962,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of Burlington Stores by 39.7% during the second quarter. FMR LLC now owns 3,445,692 shares of the company’s stock worth $518,680,000 after buying an additional 979,815 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Burlington Stores by 6.8% during the second quarter. BlackRock Inc. now owns 3,135,632 shares of the company’s stock worth $472,007,000 after buying an additional 199,902 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Burlington Stores by 6.7% during the first quarter. Eagle Asset Management Inc. now owns 1,470,643 shares of the company’s stock worth $195,816,000 after buying an additional 92,097 shares in the last quarter. Carillon Tower Advisers Inc. grew its holdings in shares of Burlington Stores by 8.6% during the first quarter. Carillon Tower Advisers Inc. now owns 1,080,259 shares of the company’s stock worth $144,112,000 after buying an additional 85,948 shares in the last quarter. Finally, KAMES CAPITAL plc grew its holdings in shares of Burlington Stores by 4.8% during the second quarter. KAMES CAPITAL plc now owns 851,848 shares of the company’s stock worth $128,274,000 after buying an additional 39,190 shares in the last quarter.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $156.27, for a total value of $3,125,400.00. Following the completion of the sale, the chief executive officer now directly owns 303,730 shares of the company’s stock, valued at $47,463,887.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joyce Manning Magrini sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $150.94, for a total value of $377,350.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,000 shares of company stock valued at $10,068,025. Insiders own 1.91% of the company’s stock.

A number of research analysts recently issued reports on BURL shares. Zacks Investment Research downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Morgan Stanley increased their price objective on Burlington Stores from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, June 1st. Deutsche Bank increased their price objective on Burlington Stores from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, August 20th. Citigroup increased their price objective on Burlington Stores from $135.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, June 1st. Finally, Buckingham Research raised their price target on Burlington Stores from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company. Burlington Stores currently has an average rating of “Buy” and an average target price of $169.78.

BURL stock opened at $172.87 on Thursday. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 7.54. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 1.34 and a beta of 0.45. Burlington Stores Inc has a twelve month low of $87.20 and a twelve month high of $175.48.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.19. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the company earned $0.72 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. research analysts predict that Burlington Stores Inc will post 6.2 earnings per share for the current fiscal year.

Burlington Stores Company 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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