Rehmann Capital Advisory Group Sells 124 Shares of Burlington Stores Inc (NYSE:BURL)

Rehmann Capital Advisory Group cut its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 23.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407 shares of the company’s stock after selling 124 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Burlington Stores were worth $64,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. LPL Financial LLC grew its stake in Burlington Stores by 7.5% in the 4th quarter. LPL Financial LLC now owns 34,238 shares of the company’s stock valued at $5,569,000 after buying an additional 2,398 shares during the last quarter. Townsquare Capital LLC acquired a new position in Burlington Stores in the 4th quarter valued at about $472,000. Strs Ohio grew its position in shares of Burlington Stores by 0.7% during the 1st quarter. Strs Ohio now owns 185,381 shares of the company’s stock worth $29,045,000 after purchasing an additional 1,267 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Burlington Stores by 29.7% during the 1st quarter. California Public Employees Retirement System now owns 164,821 shares of the company’s stock worth $25,824,000 after purchasing an additional 37,787 shares in the last quarter. Finally, Lisanti Capital Growth LLC grew its position in shares of Burlington Stores by 7.6% during the 4th quarter. Lisanti Capital Growth LLC now owns 6,620 shares of the company’s stock worth $1,077,000 after purchasing an additional 470 shares in the last quarter.

A number of brokerages have issued reports on BURL. Loop Capital increased their target price on shares of Burlington Stores to $200.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. Robert W. Baird initiated coverage on shares of Burlington Stores in a report on Tuesday, May 14th. They set an “outperform” rating and a $200.00 price target for the company. Credit Suisse Group raised shares of United Microelectronics from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 24th. Finally, ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Burlington Stores presently has an average rating of “Buy” and a consensus target price of $182.67.

In other Burlington Stores news, EVP Joyce Manning Magrini sold 22,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $158.54, for a total value of $3,487,880.00. Following the completion of the sale, the executive vice president now directly owns 29,610 shares in the company, valued at $4,694,369.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Vecchio sold 800 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $168.90, for a total transaction of $135,120.00. Following the completion of the sale, the insider now owns 42,168 shares of the company’s stock, valued at $7,122,175.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,770 shares of company stock valued at $12,312,987. 1.86% of the stock is currently owned by corporate insiders.

Shares of BURL stock traded up $4.17 during trading hours on Friday, hitting $182.92. 814,191 shares of the company’s stock traded hands, compared to its average volume of 704,188. The firm has a 50 day moving average price of $166.87. The stock has a market cap of $12.14 billion, a PE ratio of 28.40, a PEG ratio of 1.54 and a beta of 0.27. Burlington Stores Inc has a 12 month low of $136.30 and a 12 month high of $183.65. The company has a current ratio of 0.93, a quick ratio of 0.26 and a debt-to-equity ratio of 11.41.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company posted $1.26 earnings per share. Burlington Stores’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts forecast that Burlington Stores Inc will post 7 earnings per share for the current fiscal year.

Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

Further Reading: Why do company’s buyback their stock?

Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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