Hilton Capital Management LLC Has $2.05 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Hilton Capital Management LLC decreased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 28.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,770 shares of the company's stock after selling 3,046 shares during the quarter. Hilton Capital Management LLC's holdings in Burlington Stores were worth $2,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BURL. Crewe Advisors LLC acquired a new position in shares of Burlington Stores in the second quarter valued at approximately $25,000. ORG Partners LLC acquired a new stake in shares of Burlington Stores during the second quarter valued at $38,000. Blue Trust Inc. boosted its stake in Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company's stock worth $43,000 after buying an additional 161 shares during the last quarter. American National Bank acquired a new stake in Burlington Stores in the 2nd quarter worth about $47,000. Finally, UMB Bank n.a. boosted its stake in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company's stock worth $47,000 after buying an additional 141 shares during the last quarter.

Burlington Stores Price Performance

NYSE BURL traded down $4.98 during trading hours on Wednesday, reaching $269.02. 910,299 shares of the company's stock were exchanged, compared to its average volume of 886,278. The stock has a market cap of $17.13 billion, a PE ratio of 41.21, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a one year low of $156.01 and a one year high of $282.49. The firm has a fifty day moving average of $261.18 and a 200-day moving average of $246.19. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the company earned $0.60 EPS. The business's quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores 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 transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BURL shares. StockNews.com lowered Burlington Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Gordon Haskett raised Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price objective on the stock in a research note on Monday, August 19th. TD Cowen lifted their price objective on Burlington Stores from $279.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Barclays raised their target price on Burlington Stores from $274.00 to $327.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Finally, The Goldman Sachs Group lifted their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $297.56.

About Burlington Stores

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.