Burlington Stores Inc (BURL) : Cortina Asset Management reduced its stake in Burlington Stores Inc by 0.71% during the most recent quarter end. The investment management company now holds a total of 629,908 shares of Burlington Stores Inc which is valued at $48,307,645 after selling 4,521 shares in Burlington Stores Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Burlington Stores Inc makes up approximately 2.06% of Cortina Asset Management’s portfolio.
Other Hedge Funds, Including , King Luther Capital Management Corp reduced its stake in BURL by selling 20,465 shares or 6.58% in the most recent quarter. The Hedge Fund company now holds 290,735 shares of BURL which is valued at $22,296,467. Burlington Stores Inc makes up approx 0.21% of King Luther Capital Management Corp’s portfolio.Eam Investors reduced its stake in BURL by selling 13,714 shares or 23.83% in the most recent quarter. The Hedge Fund company now holds 43,824 shares of BURL which is valued at $3,341,142. Burlington Stores Inc makes up approx 0.47% of Eam Investors’s portfolio.First Trust Advisors Lp boosted its stake in BURL in the latest quarter, The investment management firm added 50,312 additional shares and now holds a total of 90,343 shares of Burlington Stores Inc which is valued at $6,887,750. Burlington Stores Inc makes up approx 0.02% of First Trust Advisors Lp’s portfolio. Nebula Capital Management Lp sold out all of its stake in BURL during the most recent quarter. The investment firm sold 55,100 shares of BURL which is valued $4,128,092.California State Teachers Retirement System reduced its stake in BURL by selling 9,804 shares or 6.12% in the most recent quarter. The Hedge Fund company now holds 150,425 shares of BURL which is valued at $11,269,841. Burlington Stores Inc makes up approx 0.02% of California State Teachers Retirement System’s portfolio.
Burlington Stores Inc opened for trading at $79.47 and hit $80.07 on the upside on Tuesday, eventually ending the session at $79.56, with a gain of 0.62% or 0.49 points. The heightened volatility saw the trading volume jump to 14,73,278 shares. Company has a market cap of $5,690 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. 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.