Charles Schwab Investment Management Inc. Has $95.26 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Charles Schwab Investment Management Inc. raised its holdings in Burlington Stores, Inc. (NYSE:BURL) by 0.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 399,697 shares of the company’s stock after acquiring an additional 3,747 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Burlington Stores were worth $95,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in Burlington Stores by 258.6% in the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock valued at $25,000 after acquiring an additional 75 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Burlington Stores in the 4th quarter valued at approximately $75,000. Blue Trust Inc. increased its position in Burlington Stores by 35.9% in the 1st quarter. Blue Trust Inc. now owns 352 shares of the company’s stock valued at $84,000 after acquiring an additional 93 shares during the period. Fifth Third Bancorp increased its position in Burlington Stores by 19.8% in the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company’s stock valued at $123,000 after acquiring an additional 85 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in Burlington Stores in the 4th quarter valued at approximately $151,000.

Burlington Stores Stock Up 2.9%

Shares of NYSE BURL opened at $278.23 on Wednesday. The firm has a market cap of $17.55 billion, a PE ratio of 34.14, a P/E/G ratio of 2.35 and a beta of 1.69. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $298.89. The company’s fifty day simple moving average is $253.61 and its 200 day simple moving average is $247.35. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.17. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. Burlington Stores’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 earnings per share. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer owned 2,389 shares in the company, valued at approximately $576,680.71. This represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 420 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the transaction, the chief marketing officer owned 65,429 shares in the company, valued at approximately $15,483,118.56. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BURL has been the subject of several recent research reports. Evercore ISI decreased their price target on shares of Burlington Stores from $345.00 to $310.00 and set an “outperform” rating for the company in a research report on Friday, May 30th. Loop Capital reduced their price objective on shares of Burlington Stores from $315.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Morgan Stanley reduced their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. UBS Group set a $390.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Robert W. Baird reduced their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an “outperform” rating on the stock in a research note on Friday, May 30th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $317.57.

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.