Westfield Capital Management Co. LP trimmed its position in Burlington Stores Inc (NYSE:BURL) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,273 shares of the company’s stock after selling 12,297 shares during the quarter. Westfield Capital Management Co. LP owned 0.28% of Burlington Stores worth $31,354,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bremer Bank National Association acquired a new position in Burlington Stores during the first quarter valued at approximately $41,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Burlington Stores during the 2nd quarter valued at approximately $41,000. Hilton Capital Management LLC bought a new stake in shares of Burlington Stores during the 1st quarter valued at approximately $68,000. Atria Investments LLC acquired a new position in Burlington Stores during the 2nd quarter worth approximately $75,000. Finally, Manchester Capital Management LLC acquired a new position in Burlington Stores during the 1st quarter worth approximately $83,000.

Shares of BURL stock traded down $0.59 on Wednesday, reaching $198.31. 18,273 shares of the company were exchanged, compared to its average volume of 1,196,471. The company has a debt-to-equity ratio of 9.99, a current ratio of 0.90 and a quick ratio of 0.28. The company has a 50-day moving average of $181.95 and a 200-day moving average of $167.88. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.76 and a beta of 0.21. Burlington Stores Inc has a one year low of $136.30 and a one year high of $209.36.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.21. Burlington Stores had a return on equity of 163.50% and a net margin of 6.11%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts predict that Burlington Stores Inc will post 7.22 EPS for the current year.

BURL has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Burlington Stores from $168.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Wells Fargo & Co reiterated a “buy” rating on shares of Burlington Stores in a research note on Thursday, August 29th. Goldman Sachs Group set a $197.00 price target on Burlington Stores and gave the company a “hold” rating in a research note on Friday, August 30th. They noted that the move was a valuation call. OTR Global cut Burlington Stores to a “positive” rating in a report on Friday, August 9th. Finally, DA Davidson boosted their price target on Burlington Stores from $193.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $204.18.

In related news, CEO Thomas Kingsbury sold 50,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $201.67, for a total transaction of $10,083,500.00. Following the completion of the sale, the chief executive officer now owns 220,793 shares in the company, valued at $44,527,324.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William P. Mcnamara sold 828 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $205.54, for a total value of $170,187.12. Following the completion of the sale, the director now directly owns 7,821 shares of the company’s stock, valued at $1,607,528.34. The disclosure for this sale can be found here. Insiders have sold 94,162 shares of company stock valued at $18,310,608 over the last quarter. Corporate insiders own 1.86% of the company’s stock.

About Burlington Stores

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

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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