Brookstone Capital Management boosted its holdings in Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 6.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,253 shares of the company's stock after buying an additional 130 shares during the period. Brookstone Capital Management's holdings in Burlington Stores were worth $343,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Westwood Holdings Group Inc. raised its holdings in Burlington Stores by 9.3% in the fourth quarter. Westwood Holdings Group Inc. now owns 849 shares of the company's stock valued at $248,000 after buying an additional 72 shares during the period. Column Capital Advisors LLC raised its stake in shares of Burlington Stores by 52.8% during the first quarter. Column Capital Advisors LLC now owns 220 shares of the company's stock valued at $40,000 after purchasing an additional 76 shares during the period. KB Financial Partners LLC raised its stake in shares of Burlington Stores by 68.8% during the first quarter. KB Financial Partners LLC now owns 238 shares of the company's stock valued at $43,000 after purchasing an additional 97 shares during the period. YHB Investment Advisors Inc. raised its stake in shares of Burlington Stores by 10.3% during the first quarter. YHB Investment Advisors Inc. now owns 1,124 shares of the company's stock valued at $205,000 after purchasing an additional 105 shares during the period. Finally, OPSEU Pension Plan Trust Fund raised its stake in shares of Burlington Stores by 4.1% during the first quarter. OPSEU Pension Plan Trust Fund now owns 2,824 shares of the company's stock valued at $516,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.
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Shares of BURL opened at $121.00 on Friday. Burlington Stores, Inc. has a 1 year low of $118.03 and a 1 year high of $314.71. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 50.00 and a beta of 0.83. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.42 and a current ratio of 1.20. The firm has a fifty day moving average of $148.79 and a 200-day moving average of $168.37.
Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.12. Burlington Stores had a net margin of 1.85% and a return on equity of 45.72%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. The company's revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 4.02 earnings per share for the current year.Analyst Upgrades and Downgrades
BURL has been the topic of a number of analyst reports. Loop Capital dropped their price objective on shares of Burlington Stores from $135.00 to $120.00 and set a "sell" rating on the stock in a research note on Friday, July 8th. Cowen decreased their price target on shares of Burlington Stores from $175.00 to $160.00 and set a "market perform" rating for the company in a research report on Friday, August 26th. William Blair initiated coverage on shares of Burlington Stores in a research report on Friday, August 26th. They set an "outperform" rating for the company. Barclays decreased their price target on shares of Burlington Stores from $176.00 to $164.00 and set an "overweight" rating for the company in a research report on Friday, August 26th. Finally, Morgan Stanley decreased their price target on shares of Burlington Stores from $232.00 to $167.00 and set an "overweight" rating for the company in a research report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average target price of $205.32.
Burlington Stores Company Profile
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Burlington Stores, Inc operates as a retailer of branded apparel products 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.
Further Reading
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