Los Angeles Capital Management LLC Reduces Holdings in Burlington Stores, Inc. (NYSE:BURL)

Los Angeles Capital Management LLC lowered its position in Burlington Stores, Inc. (NYSE:BURL) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 482,945 shares of the company’s stock after selling 10,669 shares during the quarter. Los Angeles Capital Management LLC owned about 0.76% of Burlington Stores worth $115,907,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BURL. Crewe Advisors LLC bought a new position in shares of Burlington Stores in the second quarter worth about $25,000. ORG Partners LLC purchased a new stake in shares of Burlington Stores in the second quarter valued at approximately $38,000. Rise Advisors LLC purchased a new stake in shares of Burlington Stores in the first quarter valued at approximately $40,000. Blue Trust Inc. grew its stake in Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 shares in the last quarter. Finally, American National Bank purchased a new position in Burlington Stores during the 2nd quarter worth $47,000.

Burlington Stores Price Performance

Shares of BURL traded down $7.40 during mid-day trading on Friday, hitting $259.92. 638,509 shares of the company were exchanged, compared to its average volume of 913,859. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $282.49. The company has a 50 day moving average of $254.69 and a 200-day moving average of $224.87. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.52 and a current ratio of 1.04. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of 43.54, a price-to-earnings-growth ratio of 1.40 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. Analysts expect that Burlington Stores, Inc. will post 7.79 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BURL shares. Morgan Stanley increased their price target on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Loop Capital boosted their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America raised their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Barclays boosted their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $294.94.

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.