Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Tabor Asset Management LP

Tabor Asset Management LP trimmed its position in Burlington Stores, Inc. (NYSE:BURL) by 18.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 44,665 shares of the company’s stock after selling 9,954 shares during the quarter. Burlington Stores makes up approximately 5.7% of Tabor Asset Management LP’s portfolio, making the stock its 2nd biggest position. Tabor Asset Management LP’s holdings in Burlington Stores were worth $11,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in Burlington Stores in the second quarter valued at approximately $25,000. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores in the third quarter valued at approximately $26,000. Brooklyn Investment Group acquired a new stake in Burlington Stores in the third quarter valued at approximately $33,000. ORG Partners LLC purchased a new position in shares of Burlington Stores in the second quarter worth $38,000. Finally, Blue Trust Inc. raised its holdings in shares of Burlington Stores by 619.2% in the second 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.

Analysts Set New Price Targets

BURL has been the subject of a number of research analyst reports. Barclays decreased their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Evercore ISI raised their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. 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. UBS Group lifted their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $307.69.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the sale, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This trade represents a 18.74 % 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

Shares of BURL stock opened at $292.81 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm’s 50-day moving average is $264.19 and its two-hundred day moving average is $253.24. Burlington Stores, Inc. has a 12 month low of $173.21 and a 12 month high of $298.89. The company has a market capitalization of $18.59 billion, a PE ratio of 40.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.64.

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