Amalgamated Bank Trims Stake in Burlington Stores, Inc. (NYSE:BURL)

Amalgamated Bank trimmed its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,992 shares of the company's stock after selling 2,076 shares during the quarter. Amalgamated Bank's holdings in Burlington Stores were worth $8,166,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tributary Capital Management LLC increased its position in Burlington Stores by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company's stock worth $1,315,000 after purchasing an additional 50 shares during the period. GAMMA Investing LLC increased its stake in Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company's stock worth $75,000 after purchasing an additional 53 shares in the last quarter. Signaturefd LLC grew its stake in shares of Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company's stock worth $156,000 after acquiring an additional 54 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Burlington Stores by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company's stock worth $2,962,000 after acquiring an additional 61 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of Burlington Stores by 6.5% in the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company's stock valued at $256,000 after buying an additional 65 shares in the last quarter.

Insider Buying and Selling

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm's 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 approximately $2,048,230.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Price Performance

Shares of BURL traded up $9.74 during midday trading on Thursday, hitting $262.29. 747,708 shares of the company traded hands, compared to its average volume of 888,787. Burlington Stores, Inc. has a one year low of $125.38 and a one year high of $282.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The firm has a market cap of $16.70 billion, a P/E ratio of 39.44, a PEG ratio of 1.26 and a beta of 1.64. The stock has a 50-day moving average of $260.96 and a 200-day moving average of $240.35.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company earned $0.60 earnings per share. The company's revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price on Burlington Stores from $274.00 to $327.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Wells Fargo & Company upped their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, August 23rd. Loop Capital upped their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a "buy" rating in a research note on Friday, August 30th. TD Cowen increased their price target on Burlington Stores from $279.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Finally, Evercore ISI increased their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $294.94.

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.