Primecap Management Co. CA Sells 10,330 Shares of Burlington Stores, Inc. (NYSE:BURL)

Primecap Management Co. CA lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 597,600 shares of the company’s stock after selling 10,330 shares during the period. Primecap Management Co. CA owned 0.94% of Burlington Stores worth $143,424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CANADA LIFE ASSURANCE Co boosted its holdings in Burlington Stores by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock worth $13,073,000 after buying an additional 3,867 shares during the period. Clearbridge Investments LLC grew its position in shares of Burlington Stores by 19.3% during the fourth quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock worth $122,746,000 after purchasing an additional 101,950 shares in the last quarter. Boulder Hill Capital Management LP bought a new stake in Burlington Stores during the 4th quarter valued at approximately $2,237,000. Meeder Asset Management Inc. purchased a new position in Burlington Stores in the 1st quarter worth approximately $1,819,000. Finally, American International Group Inc. lifted its holdings in Burlington Stores by 7,754.2% in the 4th quarter. American International Group Inc. now owns 88,203 shares of the company’s stock worth $17,154,000 after purchasing an additional 87,080 shares in the last quarter.

Burlington Stores Price Performance

Burlington Stores stock opened at $270.27 on Wednesday. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $282.49. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $258.87 and a 200-day moving average price of $228.08. The firm has a market capitalization of $17.25 billion, a PE ratio of 45.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities research analysts forecast that Burlington Stores, Inc. will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Evercore ISI boosted their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, TD Cowen raised their price target on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $294.94.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores 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.