Trade Report: Today, 800 Shares of Burlington Stores Inc. (BURL) are sold by State of Wisconsin Investment Board

Today, 800 Shares of Burlington Stores Inc. (BURL) are sold by State of Wisconsin Investment Board

State of Wisconsin Investment Board lowered its position in shares of Burlington Stores Inc. (NYSE:BURL) by 1.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 46,600 shares of the company’s stock after selling 800 shares during the period. State of Wisconsin Investment Board’s holdings in Burlington Stores were worth $3,776,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BURL. Meeder Asset Management Inc. bought a new stake in shares of Burlington Stores during the third quarter valued at about $106,000. Advisor Group Inc. bought a new stake in shares of Burlington Stores during the second quarter valued at about $112,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Burlington Stores during the second quarter valued at about $120,000. DIAM Co. Ltd. bought a new stake in shares of Burlington Stores during the second quarter valued at about $178,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Burlington Stores by 250.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the company’s stock valued at $187,000 after buying an additional 2,000 shares in the last quarter.

Shares of Burlington Stores Inc. (NYSE:BURL) traded down 1.70% during mid-day trading on Monday, reaching $87.38. 1,251,933 shares of the company’s stock were exchanged. The company’s 50 day moving average is $76.27 and its 200 day moving average is $72.59. Burlington Stores Inc. has a 1-year low of $40.89 and a 1-year high of $91.67. The stock has a market capitalization of $6.17 billion, a PE ratio of 37.42 and a beta of 0.47.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Burlington Stores had a net margin of 3.48% and a negative return on equity of 193.88%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. Equities research analysts anticipate that Burlington Stores Inc. will post $3.17 EPS for the current fiscal year.

Several equities research analysts recently issued reports on BURL shares. Morgan Stanley restated a “buy” rating and issued a $82.00 target price on shares of Burlington Stores in a report on Friday, August 26th. Buckingham Research raised their target price on shares of Burlington Stores from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, August 26th. MKM Partners upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the stock from $73.00 to $94.00 in a report on Friday, August 26th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $84.00 price target on shares of Burlington Stores in a research note on Monday, August 1st. Finally, Bank of America Corp. reiterated a “buy” rating and set a $95.00 price target (up previously from $90.00) on shares of Burlington Stores in a research note on Monday, September 26th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Burlington Stores presently has a consensus rating of “Buy” and an average price target of $86.91.

In related news, insider Eric Seeger sold 20,948 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $79.74, for a total transaction of $1,670,393.52. Following the sale, the insider now directly owns 38,905 shares of the company’s stock, valued at $3,102,284.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mike Metheny sold 4,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $82.32, for a total transaction of $329,280.00. Following the sale, the insider now directly owns 6,281 shares in the company, valued at $517,051.92. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by insiders.

About Burlington Stores

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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