First Mercantile Trust Co buys $645,911 stake in Burlington Stores Inc (BURL)

Burlington Stores Inc (BURL) : First Mercantile Trust Co scooped up 2,936 additional shares in Burlington Stores Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 7,936 shares of Burlington Stores Inc which is valued at $645,911.Burlington Stores Inc makes up approximately 0.09% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in BURL in the latest quarter, The investment management firm added 71,505 additional shares and now holds a total of 83,752 shares of Burlington Stores Inc which is valued at $6,667,497. Burlington Stores Inc makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added BURL to its portfolio by purchasing 40 company shares during the most recent quarter which is valued at $3,184.

Burlington Stores Inc opened for trading at $80.5 and hit $82.72 on the upside on Friday, eventually ending the session at $81.39, with a gain of 1.76% or 1.41 points. The heightened volatility saw the trading volume jump to 13,31,327 shares. Company has a market cap of $5,806 M.

On the company’s financial health, Burlington Stores Inc reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $0.30. The company had revenue of $1255.05 million for the quarter, compared to analysts expectations of $1240.54 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Burlington Stores Inc. Burlington Stores Inc was Initiated by Guggenheim to “Neutral” on Sep 30, 2016. Company shares were Reiterated by Telsey Advisory Group on Aug 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 86 from a previous price target of $84 .Company shares were Reiterated by RBC Capital Mkts on Aug 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 86 from a previous price target of $82 .

Burlington Stores Inc. is a retailer of branded apparel. As of January 31 2015 the Company had 542 stores inclusive of an Internet store in 44 states of the United States and Puerto Rico. The Company’s offerings for women include dresses tops bottoms coats shoes suits and suit separates handbags intimates and sleepwear active wear sweaters swimwear and cover-ups jewelry and watches maternity beauty and fragrance and scrubs. The Company’s offerings for men include t-shirts suits and suit separates coats shoes pants button downs jeans shorts dress shirts polos hoodies and sweatshirts swim and active wear sports fan shop socks and underwear pajamas and robes grooming gadgets and gifts belts wallets and sweaters. The Company’s offerings for juniors include dresses tops bottoms shoes coats sweaters handbags sleepwear swimwear beauty and fragrance jewelry and watches.

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