Vestmark Advisory Solutions Inc. Decreases Stock Holdings in Burlington Stores, Inc. $BURL

Vestmark Advisory Solutions Inc. cut its holdings in Burlington Stores, Inc. (NYSE:BURL) by 64.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,597 shares of the company’s stock after selling 2,885 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Burlington Stores were worth $406,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Burlington Stores by 6.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 945,554 shares of the company’s stock valued at $240,643,000 after buying an additional 59,587 shares during the period. Oak Thistle LLC purchased a new position in Burlington Stores during the 3rd quarter valued at about $1,932,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Burlington Stores in the 3rd quarter valued at about $1,033,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Burlington Stores by 8.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 19,785 shares of the company’s stock worth $4,603,000 after purchasing an additional 1,510 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Burlington Stores by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,782,201 shares of the company’s stock worth $1,726,070,000 after purchasing an additional 232,358 shares during the period.

Burlington Stores Price Performance

NYSE BURL opened at $306.40 on Friday. The company has a market cap of $19.28 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.74 and a beta of 1.74. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.21 and a quick ratio of 0.46. The stock’s fifty day moving average price is $301.18 and its 200 day moving average price is $282.15. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $332.20.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. Burlington Stores had a return on equity of 41.02% and a net margin of 5.01%.The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on BURL. Evercore reduced their price objective on shares of Burlington Stores from $370.00 to $335.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. UBS Group restated a “buy” rating on shares of Burlington Stores in a research note on Monday, November 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Burlington Stores in a research note on Wednesday, January 21st. Sanford C. Bernstein set a $350.00 price target on shares of Burlington Stores and gave the company an “outperform” rating in a report on Tuesday, January 6th. Finally, Guggenheim started coverage on shares of Burlington Stores in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Fifteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $338.44.

About Burlington Stores

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.