Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 47.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 254,052 shares of the company's stock after selling 228,893 shares during the quarter. Los Angeles Capital Management LLC owned about 0.40% of Burlington Stores worth $66,938,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction 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 of the company's stock, valued at approximately $2,048,230.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Stock Performance

BURL stock traded up $1.00 during trading on Friday, reaching $263.29. 624,223 shares of the company's stock were exchanged, compared to its average volume of 752,454. Burlington Stores, Inc. has a 1-year low of $125.38 and a 1-year high of $282.49. The firm has a market cap of $16.76 billion, a PE ratio of 39.59, a P/E/G ratio of 1.29 and a beta of 1.64. The company's fifty day moving average price is $260.76 and its 200-day moving average price is $241.96. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company's quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts expect that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on BURL shares. Citigroup upped their price objective on Burlington Stores from $276.00 to $313.00 and gave the company a "buy" rating in a research note on Friday, August 30th. The Goldman Sachs Group lifted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. JPMorgan Chase & Co. increased their price target on Burlington Stores from $284.00 to $288.00 and gave the stock an "overweight" rating in a research note on Monday, July 22nd. Morgan Stanley lifted their price target on shares of Burlington Stores from $284.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Finally, Loop Capital raised their target price on Burlington Stores from $270.00 to $345.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.