IFM Investors Pty Ltd Reduces Stake in Burlington Stores, Inc. (NYSE:BURL)

IFM Investors Pty Ltd lessened its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,755 shares of the company’s stock after selling 283 shares during the quarter. IFM Investors Pty Ltd’s holdings in Burlington Stores were worth $3,361,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Capital International Investors increased its position in shares of Burlington Stores by 1.5% during the 1st quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock valued at $1,716,986,000 after purchasing an additional 111,526 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Burlington Stores by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock valued at $391,066,000 after buying an additional 12,238 shares during the period. Bank of New York Mellon Corp increased its holdings in Burlington Stores by 9.1% during the second quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock valued at $185,282,000 after buying an additional 64,410 shares during the last quarter. Anomaly Capital Management LP raised its position in Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after acquiring an additional 187,760 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of Burlington Stores by 2.2% during the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after acquiring an additional 14,080 shares during the last quarter.

Analyst Ratings Changes

BURL has been the subject of several analyst reports. TD Cowen upped their price objective on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Evercore ISI boosted their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Wells Fargo & Company raised their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, Barclays upped their price target on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $294.94.

Burlington Stores Price Performance

BURL stock opened at $251.65 on Monday. Burlington Stores, Inc. has a one year low of $116.33 and a one year high of $282.49. The company’s fifty day moving average price is $264.23 and its 200-day moving average price is $237.00. 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 capitalization of $16.06 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,283 shares of company stock valued at $619,599 over the last 90 days. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Company 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.