Burlington Stores Inc (BURL) : Rs Investment Management Co scooped up 36,136 additional shares in Burlington Stores Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 913,303 shares of Burlington Stores Inc which is valued at $69,411,028.Burlington Stores Inc makes up approximately 0.68% of Rs Investment Management Co’s portfolio.
Other Hedge Funds, Including , Diversified Trust Co sold out all of its stake in BURL during the most recent quarter. The investment firm sold 4,730 shares of BURL which is valued $359,480. Sigma Planning Corp added BURL to its portfolio by purchasing 4,286 company shares during the most recent quarter which is valued at $319,821. Burlington Stores Inc makes up approx 0.04% of Sigma Planning Corp’s portfolio. Meeder Asset Management Inc sold out all of its stake in BURL during the most recent quarter. The investment firm sold 1,363 shares of BURL which is valued $101,707.Nordea Investment Management Ab boosted its stake in BURL in the latest quarter, The investment management firm added 6,691 additional shares and now holds a total of 9,833 shares of Burlington Stores Inc which is valued at $730,297. Raymond James Trust N.a. added BURL to its portfolio by purchasing 3,045 company shares during the most recent quarter which is valued at $206,177. Burlington Stores Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.
Burlington Stores Inc closed down -0.19 points or -0.25% at $76.51 with 5,65,972 shares getting traded on Friday. Post opening the session at $76.53, the shares hit an intraday low of $76.06 and an intraday high of $76.91 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 $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.