Burlington Stores, Inc. (NYSE:BURL) is Tabor Asset Management LP's 2nd Largest Position

Tabor Asset Management LP trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 18.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,665 shares of the company's stock after selling 9,954 shares during the quarter. Burlington Stores makes up about 5.7% of Tabor Asset Management LP's investment portfolio, making the stock its 2nd largest holding. Tabor Asset Management LP owned approximately 0.07% of Burlington Stores worth $11,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new stake in Burlington Stores in the 2nd quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores in the 3rd quarter valued at about $26,000. Brooklyn Investment Group purchased a new stake in Burlington Stores in the 3rd quarter worth approximately $33,000. ORG Partners LLC purchased a new stake in Burlington Stores during the second quarter worth $38,000. Finally, Blue Trust Inc. grew its position in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after acquiring an additional 161 shares during the period.

Burlington Stores Stock Performance

Shares of NYSE BURL traded down $2.35 during mid-day trading on Friday, hitting $290.46. The company had a trading volume of 384,061 shares, compared to its average volume of 899,357. Burlington Stores, Inc. has a 12 month low of $173.21 and a 12 month high of $298.89. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 1.52 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm's 50 day simple moving average is $264.19 and its two-hundred day simple moving average is $253.24.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. As a group, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BURL shares. Barclays reduced their price objective on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a research note on Wednesday, November 27th. Loop Capital upped their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Morgan Stanley lifted their price objective on Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Gordon Haskett raised Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a research report on Monday, August 19th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus price target of $307.69.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now owns 59,931 shares of the company's stock, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,283 shares of company stock valued at $638,628 in the last ninety days. Company insiders own 0.91% of the company's stock.

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.