Chartwell Investment Partners LLC Has $6.65 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Chartwell Investment Partners LLC lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 11.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,227 shares of the company's stock after selling 3,301 shares during the quarter. Chartwell Investment Partners LLC's holdings in Burlington Stores were worth $6,647,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in BURL. Crossmark Global Holdings Inc. lifted its holdings in shares of Burlington Stores by 13.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,460 shares of the company's stock worth $1,176,000 after purchasing an additional 545 shares during the last quarter. Sheets Smith Wealth Management purchased a new position in Burlington Stores during the third quarter valued at approximately $261,000. Assetmark Inc. boosted its position in Burlington Stores by 3,950.0% during the third quarter. Assetmark Inc. now owns 648 shares of the company's stock valued at $171,000 after purchasing an additional 632 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Burlington Stores in the third quarter valued at approximately $85,000. Finally, Hanseatic Management Services Inc. bought a new stake in Burlington Stores in the third quarter worth $70,000.

Burlington Stores Stock Performance

NYSE BURL traded up $5.35 during trading on Tuesday, reaching $263.49. The company's stock had a trading volume of 814,178 shares, compared to its average volume of 887,559. 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 business's fifty day moving average price is $260.56 and its 200-day moving average price is $242.52. Burlington Stores, Inc. has a twelve month low of $125.38 and a twelve month high of $282.49. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 38.97, a P/E/G ratio of 1.34 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly 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 return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm's revenue was up 13.4% on a year-over-year basis. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

Insider Activity

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BURL shares. Citigroup increased their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Loop Capital raised their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Evercore ISI lifted their target price on Burlington Stores from $300.00 to $315.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Bank of America increased their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Finally, StockNews.com cut Burlington Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $294.94.

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.