Primecap Management Co. CA Cuts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Primecap Management Co. CA cut its position in Burlington Stores, Inc. (NYSE:BURL) by 1.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 597,600 shares of the company’s stock after selling 10,330 shares during the quarter. Primecap Management Co. CA’s holdings in Burlington Stores were worth $143,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BURL. GAMMA Investing LLC raised its stake in Burlington Stores by 20.4% in the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after buying an additional 53 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Burlington Stores by 3.4% in the 1st quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock worth $386,000 after purchasing an additional 54 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after buying an additional 54 shares during the period. Atomi Financial Group Inc. grew its holdings in shares of Burlington Stores by 6.5% during the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock valued at $256,000 after buying an additional 65 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Burlington Stores by 2.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,623 shares of the company’s stock valued at $630,000 after acquiring an additional 71 shares during the period.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BURL shares. The Goldman Sachs Group boosted their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Monday, August 19th. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Sunday. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 target price on shares of Burlington Stores in a report on Thursday, August 29th. Finally, UBS Group upped their price target on shares of Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

Burlington Stores Stock Performance

NYSE:BURL opened at $270.27 on Wednesday. The company has a fifty day moving average of $258.87 and a two-hundred day moving average of $228.08. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $282.49. The stock has a market capitalization of $17.25 billion, a PE ratio of 45.27, a P/E/G ratio of 1.37 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results 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 firm 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 firm earned $0.60 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts forecast that Burlington Stores, Inc. will post 7.86 earnings per share for the current fiscal year.

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.