Horseman Capital Management Ltd buys $18,304,000 stake in Burlington Stores Inc (BURL)

Burlington Stores Inc (BURL) : Horseman Capital Management Ltd scooped up 32,000 additional shares in Burlington Stores Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 352,000 shares of Burlington Stores Inc which is valued at $18,304,000.Burlington Stores Inc makes up approximately 5.28% of Horseman Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Nine Chapters Capital Management added BURL to its portfolio by purchasing 10,400 company shares during the most recent quarter which is valued at $540,800. Burlington Stores Inc makes up approx 0.05% of Nine Chapters Capital Management’s portfolio.Tiaa Cref Investment Management reduced its stake in BURL by selling 3,229 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 276,474 shares of BURL which is valued at $15,073,362. Burlington Stores Inc makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in BURL in the latest quarter, The investment management firm added 10,337 additional shares and now holds a total of 42,029 shares of Burlington Stores Inc which is valued at $2,291,421. Burlington Stores Inc makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio. Achievement Holdings sold out all of its stake in BURL during the most recent quarter. The investment firm sold 110,000 shares of BURL which is valued $6,266,700.

Burlington Stores Inc closed down -1.51 points or -2.82% at $52 with 20,81,346 shares getting traded on Friday. Post opening the session at $53.26, the shares hit an intraday low of $51.86 and an intraday high of $53.61 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Burlington Stores Inc reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $1.46. The company had revenue of $1540.80 million for the quarter, compared to analysts expectations of $1540.58 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS.

Many Wall Street Analysts have commented on Burlington Stores Inc. MKM Partners Initiated Burlington Stores Inc on Apr 5, 2016 to “Neutral”, Price Target of the shares are set at $57.Burlington Stores Inc was Downgraded by Citigroup to ” Neutral” on Mar 4, 2016. Company shares were Reiterated by Telsey Advisory Group on Mar 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $62 .

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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