Marshall Wace LLP reduced its holdings in Burlington Stores Inc (NYSE:BURL) by 32.7% during the third quarter, Holdings Channel reports. The institutional investor owned 314,629 shares of the company’s stock after selling 152,718 shares during the period. Marshall Wace LLP’s holdings in Burlington Stores were worth $51,259,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Synovus Financial Corp lifted its position in Burlington Stores by 244.7% in the 3rd quarter. Synovus Financial Corp now owns 655 shares of the company’s stock valued at $106,000 after purchasing an additional 465 shares during the last quarter. Hexavest Inc. bought a new stake in Burlington Stores in the 3rd quarter valued at about $109,000. Harvest Fund Management Co. Ltd bought a new stake in Burlington Stores in the 3rd quarter valued at about $194,000. Comerica Securities Inc. bought a new stake in Burlington Stores in the 3rd quarter valued at about $200,000. Finally, First Republic Investment Management Inc. bought a new stake in Burlington Stores in the 2nd quarter valued at about $219,000.

Several analysts recently weighed in on BURL shares. SunTrust Banks lifted their price objective on shares of Burlington Stores to $189.00 and gave the company a “buy” rating in a research report on Friday, August 31st. MKM Partners set a $174.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research report on Friday, August 31st. Deutsche Bank lifted their price objective on shares of Burlington Stores from $175.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Cowen lifted their price objective on shares of Burlington Stores from $175.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Loop Capital set a $180.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $178.50.

Shares of BURL stock traded up $1.30 during midday trading on Thursday, reaching $167.55. 1,607,000 shares of the company were exchanged, compared to its average volume of 999,187. Burlington Stores Inc has a 12 month low of $108.33 and a 12 month high of $180.27. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 1.25 and a beta of 0.34. The company has a current ratio of 1.00, a quick ratio of 0.24 and a debt-to-equity ratio of 5.63.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Wednesday, November 28th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. Burlington Stores had a net margin of 7.12% and a return on equity of 293.30%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm earned $0.70 EPS. Burlington Stores’s revenue was up 13.7% on a year-over-year basis. On average, equities research analysts predict that Burlington Stores Inc will post 6.37 earnings per share for the current year.

In other news, insider Fred Hand sold 4,071 shares of Burlington Stores stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $173.00, for a total value of $704,283.00. Following the transaction, the insider now owns 67,903 shares of the company’s stock, valued at approximately $11,747,219. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $168.28, for a total transaction of $3,365,600.00. Following the completion of the transaction, the chief executive officer now directly owns 322,973 shares in the company, valued at approximately $54,349,896.44. The disclosure for this sale can be found here. Insiders have sold a total of 88,142 shares of company stock worth $14,466,014 over the last 90 days. 1.91% of the stock is owned by insiders.

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Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

Further Reading: What is a Reverse Stock Split?

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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