Trading Report: Today, First Mercantile Trust Co. Boosts Position in Burlington Stores Inc. (BURL)

Today, First Mercantile Trust Co. Boosts Position in Burlington Stores Inc. (BURL)

First Mercantile Trust Co. raised its stake in shares of Burlington Stores Inc. (NYSE:BURL) by 58.7% during the third quarter, Holdings Channel reports. The firm owned 7,936 shares of the company’s stock after buying an additional 2,936 shares during the period. First Mercantile Trust Co.’s holdings in Burlington Stores were worth $642,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of BURL. BNP Paribas Arbitrage SA boosted its position in shares of Burlington Stores by 583.9% in the third quarter. BNP Paribas Arbitrage SA now owns 83,752 shares of the company’s stock valued at $6,786,000 after buying an additional 71,505 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Burlington Stores by 72.4% in the second quarter. Macquarie Group Ltd. now owns 135,430 shares of the company’s stock valued at $9,035,000 after buying an additional 56,877 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Burlington Stores by 70.7% in the second quarter. Public Employees Retirement System of Ohio now owns 54,597 shares of the company’s stock valued at $3,642,000 after buying an additional 22,619 shares during the last quarter. Calvert Investment Management Inc. boosted its position in shares of Burlington Stores by 0.6% in the second quarter. Calvert Investment Management Inc. now owns 4,075 shares of the company’s stock valued at $272,000 after buying an additional 26 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Burlington Stores by 1.1% in the second quarter. Stifel Financial Corp now owns 15,776 shares of the company’s stock valued at $1,053,000 after buying an additional 164 shares during the last quarter.

Shares of Burlington Stores Inc. (NYSE:BURL) traded down 0.88% during midday trading on Friday, hitting $88.89. 532,786 shares of the stock traded hands. The firm’s 50 day moving average price is $76.27 and its 200 day moving average price is $72.59. The company has a market capitalization of $6.28 billion, a PE ratio of 38.07 and a beta of 0.47. Burlington Stores Inc. has a 12-month low of $40.89 and a 12-month high of $91.67.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.18. Burlington Stores had a negative return on equity of 209.34% and a net margin of 3.48%. The business earned $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the firm earned $0.25 EPS. Burlington Stores’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts expect that Burlington Stores Inc. will post $3.08 EPS for the current year.

Several research analysts have commented on the stock. Bank of America Corp. reiterated a “buy” rating and issued a $95.00 target price (up from $90.00) on shares of Burlington Stores in a report on Monday, September 26th. BMO Capital Markets restated an “outperform” rating and set a $96.00 price target on shares of Burlington Stores in a report on Wednesday, September 28th. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Guggenheim assumed coverage on shares of Burlington Stores in a report on Friday, September 30th. They set a “neutral” rating for the company. Finally, Cowen and Company raised their price target on shares of Burlington Stores from $79.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Burlington Stores presently has an average rating of “Buy” and a consensus target price of $86.91.

In related news, insider Eric Seeger sold 20,948 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $79.74, for a total value of $1,670,393.52. Following the completion of the transaction, the insider now directly owns 38,905 shares in the company, valued at approximately $3,102,284.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $79.73, for a total value of $1,594,600.00. Following the completion of the transaction, the chief executive officer now owns 586,822 shares of the company’s stock, valued at $46,787,318.06. The disclosure for this sale can be found here. 2.21% of the stock is owned by corporate insiders.

Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.

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