Charles Schwab Investment Management Inc. Reduces Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Charles Schwab Investment Management Inc. cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 394,582 shares of the company’s stock after selling 6,117 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Burlington Stores were worth $103,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tributary Capital Management LLC increased its holdings in shares of Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after acquiring an additional 50 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Burlington Stores by 20.4% in the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after acquiring an additional 53 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Burlington Stores by 9.1% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after acquiring an additional 54 shares during the last quarter. Mount Lucas Management LP increased its holdings in shares of Burlington Stores by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after acquiring an additional 54 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of Burlington Stores by 5.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after acquiring an additional 54 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Citigroup boosted their price objective on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Loop Capital boosted their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Telsey Advisory Group restated an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday. Finally, Morgan Stanley boosted their price objective on Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average target price of $301.06.

Burlington Stores Stock Down 1.6 %

BURL opened at $286.94 on Wednesday. Burlington Stores, Inc. has a one year low of $168.49 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The stock’s fifty day moving average is $261.73 and its 200-day moving average is $248.76. The company has a market capitalization of $18.27 billion, a PE ratio of 43.19, a P/E/G ratio of 1.46 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities analysts predict that Burlington Stores, Inc. will post 7.94 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.91% of the company’s stock.

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.