Hilton Capital Management LLC Sells 3,046 Shares of Burlington Stores, Inc. (NYSE:BURL)

Hilton Capital Management LLC reduced its holdings in Burlington Stores, Inc. (NYSE:BURL) by 28.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,770 shares of the company’s stock after selling 3,046 shares during the period. Hilton Capital Management LLC’s holdings in Burlington Stores were worth $2,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BURL. Tributary Capital Management LLC lifted its holdings in Burlington Stores by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after buying an additional 50 shares in the last quarter. GAMMA Investing LLC raised its position in Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after purchasing an additional 53 shares in the last quarter. Signaturefd LLC raised its position in Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after purchasing an additional 54 shares in the last quarter. Mount Lucas Management LP lifted 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 worth $597,000 after buying an additional 54 shares during the period. Finally, OneDigital Investment Advisors LLC grew its position in shares of Burlington Stores by 5.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock worth $271,000 after buying an additional 54 shares in the last quarter.

Insider Buying and Selling

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value 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 legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BURL. Morgan Stanley upped their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Citigroup upped their price target on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Bank of America boosted their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $297.56.

Burlington Stores Trading Up 0.8 %

NYSE BURL opened at $274.06 on Wednesday. The stock has a market cap of $17.45 billion, a P/E ratio of 41.21, a P/E/G ratio of 1.37 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a 12-month low of $133.09 and a 12-month high of $282.49. The company has a fifty day simple moving average of $261.18 and a two-hundred day simple moving average of $246.19.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, analysts forecast that Burlington Stores, Inc. will post 7.93 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.