Savoir Faire Capital Management L.P. Sells 1,562 Shares of Burlington Stores, Inc. (NYSE:BURL)

Savoir Faire Capital Management L.P. lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 11.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,238 shares of the company’s stock after selling 1,562 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in Burlington Stores were worth $2,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in Burlington Stores during the second quarter valued at $25,000. ORG Partners LLC bought a new position in shares of Burlington Stores during the 2nd quarter valued at about $38,000. Rise Advisors LLC bought a new position in shares of Burlington Stores during the 1st quarter valued at about $40,000. Blue Trust Inc. grew its position in shares of Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after purchasing an additional 161 shares in the last quarter. Finally, American National Bank bought a new stake in shares of Burlington Stores in the second quarter worth about $47,000.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a research report on Thursday, August 29th. Evercore ISI lifted their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Morgan Stanley upped their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, Loop Capital lifted their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

Burlington Stores Trading Down 1.9 %

Shares of NYSE BURL opened at $272.11 on Tuesday. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $282.49. 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 company has a market cap of $17.37 billion, a price-to-earnings ratio of 45.58, a PEG ratio of 1.37 and a beta of 1.64. The business’s 50 day moving average price is $258.20 and its 200-day moving average price is $227.61.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.86 earnings per share for the current year.

Burlington Stores Profile

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.