Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 58.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,717 shares of the company’s stock after selling 206,918 shares during the quarter. Wellington Management Group LLP’s holdings in Burlington Stores were worth $39,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tributary Capital Management LLC increased its stake in shares of Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after acquiring an additional 50 shares during the period. Signaturefd LLC grew its position in Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after purchasing an additional 54 shares during the period. Mount Lucas Management LP raised its stake in shares of Burlington Stores by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after buying an additional 54 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Burlington Stores by 5.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after buying an additional 54 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Burlington Stores by 0.5% in the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after buying an additional 61 shares during the last quarter.

Insiders Place Their Bets

In other 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 in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,283 shares of company stock valued at $638,628 over the last ninety days. Company insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

NYSE:BURL opened at $289.89 on Friday. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The stock has a market cap of $18.40 billion, a PE ratio of 39.71, a P/E/G ratio of 1.54 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a 50 day moving average price of $267.12 and a 200 day moving average price of $256.74.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. Equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Evercore ISI lifted their price target on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. Finally, Robert W. Baird raised their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $308.00.

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.