Burlington Stores Inc (BURL) : Buckingham Capital Management Inc scooped up 6,001 additional shares in Burlington Stores Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 374,100 shares of Burlington Stores Inc which is valued at $28,689,729.Burlington Stores Inc makes up approximately 1.55% of Buckingham Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Hudson Bay Capital Management Lp reduced its stake in BURL by selling 1,900 shares or 31.15% in the most recent quarter. The Hedge Fund company now holds 4,200 shares of BURL which is valued at $322,098. Burlington Stores Inc makes up approx 0.03% of Hudson Bay Capital Management Lp’s portfolio. Airain Ltd sold out all of its stake in BURL during the most recent quarter. The investment firm sold 16,957 shares of BURL which is valued $1,292,802. Quantitative Systematic Strategies added BURL to its portfolio by purchasing 11,996 company shares during the most recent quarter which is valued at $917,814. Burlington Stores Inc makes up approx 0.39% of Quantitative Systematic Strategies’s portfolio.Cutler Group Lp reduced its stake in BURL by selling 3,671 shares or 89.06% in the most recent quarter. The Hedge Fund company now holds 451 shares of BURL which is valued at $30,109.
Burlington Stores Inc opened for trading at $77.96 and hit $79.37 on the upside on Friday, eventually ending the session at $79.32, with a gain of 1.64% or 1.28 points. The heightened volatility saw the trading volume jump to 8,90,607 shares. Company has a market cap of $5,672 M.
On the company’s financial health, Burlington Stores Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.48. The company had revenue of $1282.70 million for the quarter, compared to analysts expectations of $1268.82 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on Burlington Stores Inc. Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 73 from a previous price target of $59 .Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 82 from a previous price target of $66 .Company shares were Reiterated by Telsey Advisory Group on Jul 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 84 from a previous price target of $70 .
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.