Burlington Stores, Inc. $BURL Shares Sold by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. lowered its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 6.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,140 shares of the company’s stock after selling 988 shares during the period. Itau Unibanco Holding S.A.’s holdings in Burlington Stores were worth $3,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Burlington Stores by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company’s stock worth $1,573,754,000 after buying an additional 219,124 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Burlington Stores by 23.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock valued at $299,772,000 after purchasing an additional 197,187 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Burlington Stores by 0.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company’s stock valued at $229,169,000 after purchasing an additional 5,912 shares during the last quarter. American Century Companies Inc. increased its holdings in Burlington Stores by 4.0% in the 1st quarter. American Century Companies Inc. now owns 736,686 shares of the company’s stock valued at $175,574,000 after purchasing an additional 28,566 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Burlington Stores by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 689,831 shares of the company’s stock valued at $164,393,000 after purchasing an additional 21,548 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently weighed in on BURL. Robert W. Baird dropped their target price on shares of Burlington Stores from $335.00 to $325.00 and set an “outperform” rating for the company in a report on Friday, May 30th. JPMorgan Chase & Co. lifted their target price on shares of Burlington Stores from $280.00 to $338.00 and gave the company an “overweight” rating in a report on Monday, July 28th. The Goldman Sachs Group dropped their target price on shares of Burlington Stores from $317.00 to $316.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. Loop Capital dropped their target price on shares of Burlington Stores from $315.00 to $305.00 and set a “buy” rating for the company in a report on Friday, May 30th. Finally, Barclays lifted their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Thirteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Buy” and a consensus price target of $318.92.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of the sale, the chief marketing officer directly owned 65,429 shares of the company’s stock, valued at approximately $15,483,118.56. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the sale, the chief accounting officer directly owned 2,389 shares of the company’s stock, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Burlington Stores Stock Performance

NYSE:BURL opened at $280.28 on Thursday. The company has a fifty day simple moving average of $262.92 and a two-hundred day simple moving average of $247.64. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.42 and a beta of 1.69. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.43 by $0.17. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 earnings per share. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.