Burlington Stores Inc (NYSE:BURL) Shares Bought by Dupont Capital Management Corp

Dupont Capital Management Corp grew its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 174.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,491 shares of the company’s stock after acquiring an additional 2,221 shares during the quarter. Dupont Capital Management Corp’s holdings in Burlington Stores were worth $687,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atlanta Capital Management Co. L L C acquired a new stake in shares of Burlington Stores in the first quarter valued at $126,083,000. Norges Bank acquired a new stake in shares of Burlington Stores in the fourth quarter valued at $152,097,000. Samlyn Capital LLC acquired a new stake in shares of Burlington Stores in the first quarter valued at $104,426,000. Capital Research Global Investors acquired a new stake in shares of Burlington Stores in the first quarter valued at $72,281,000. Finally, Primecap Management Co. CA lifted its holdings in shares of Burlington Stores by 945.0% in the first quarter. Primecap Management Co. CA now owns 431,050 shares of the company’s stock valued at $68,304,000 after buying an additional 389,800 shares during the period.

Shares of BURL stock opened at $188.00 on Friday. The company has a debt-to-equity ratio of 16.75, a current ratio of 1.65 and a quick ratio of 1.18. Burlington Stores Inc has a fifty-two week low of $105.67 and a fifty-two week high of $250.89. The stock’s 50-day moving average is $193.26 and its two-hundred day moving average is $196.61. The firm has a market cap of $12.35 billion, a P/E ratio of 133.94 and a beta of 0.72.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, May 28th. The company reported ($4.76) earnings per share for the quarter, missing the consensus estimate of ($1.23) by ($3.53). Burlington Stores had a return on equity of 26.65% and a net margin of 0.83%. The firm had revenue of $801.50 million during the quarter, compared to analyst estimates of $883.81 million. During the same period in the previous year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was down 51.0% on a year-over-year basis. As a group, research analysts expect that Burlington Stores Inc will post -1.31 EPS for the current year.

Several brokerages have recently weighed in on BURL. Loop Capital cut their price objective on Burlington Stores from $265.00 to $250.00 in a report on Friday, May 29th. UBS Group upped their target price on Burlington Stores from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Telsey Advisory Group upped their target price on Burlington Stores from $195.00 to $230.00 and gave the company a “market perform” rating in a report on Friday, May 29th. Royal Bank of Canada upped their target price on Burlington Stores from $184.00 to $250.00 in a report on Monday, June 1st. Finally, Cowen reduced their target price on Burlington Stores from $196.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $233.13.

In other news, CMO Jennifer Vecchio sold 2,000 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $197.73, for a total transaction of $395,460.00. Following the transaction, the chief marketing officer now owns 40,856 shares of the company’s stock, valued at approximately $8,078,456.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Crimmins sold 2,799 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $201.10, for a total value of $562,878.90. Following the transaction, the chief financial officer now directly owns 19,951 shares in the company, valued at approximately $4,012,146.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,776 shares of company stock worth $6,588,457. Insiders own 1.48% of the company’s stock.

Burlington Stores Company 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.

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

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