Toronto Dominion Bank trimmed its position in shares of Burlington Stores Inc (NYSE:BURL) by 15.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,287 shares of the company’s stock after selling 1,850 shares during the period. Toronto Dominion Bank’s holdings in Burlington Stores were worth $1,750,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new position in Burlington Stores in the first quarter worth approximately $429,000. Advisor Group Inc. raised its position in Burlington Stores by 10.5% during the first quarter. Advisor Group Inc. now owns 9,095 shares of the company’s stock worth $1,425,000 after acquiring an additional 862 shares during the period. FIL Ltd raised its position in Burlington Stores by 3.3% during the first quarter. FIL Ltd now owns 8,201 shares of the company’s stock worth $1,285,000 after acquiring an additional 262 shares during the period. Westwood Holdings Group Inc. raised its position in Burlington Stores by 11.3% during the first quarter. Westwood Holdings Group Inc. now owns 18,775 shares of the company’s stock worth $2,942,000 after acquiring an additional 1,905 shares during the period. Finally, Andra AP fonden acquired a new position in Burlington Stores during the first quarter worth $6,220,000.

Shares of BURL traded up $0.27 during mid-day trading on Wednesday, reaching $192.86. The stock had a trading volume of 17,822 shares, compared to its average volume of 1,072,345. The company has a debt-to-equity ratio of 9.99, a current ratio of 0.90 and a quick ratio of 0.28. Burlington Stores Inc has a 52-week low of $136.30 and a 52-week high of $209.36. The business’s fifty day moving average is $193.55 and its 200 day moving average is $173.57. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 1.69 and a beta of 0.24.

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

A number of equities analysts have weighed in on BURL shares. ValuEngine cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Telsey Advisory Group set a $210.00 target price on shares of Burlington Stores and gave the company a “hold” rating in a research report on Friday, August 30th. Citigroup set a $206.00 target price on shares of Burlington Stores and gave the company a “hold” rating in a research report on Friday, August 30th. Goldman Sachs Group set a $197.00 target price on shares of Burlington Stores and gave the company a “hold” rating in a research report on Friday, August 30th. They noted that the move was a valuation call. Finally, DA Davidson increased their target price on shares of Burlington Stores from $193.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Burlington Stores currently has an average rating of “Buy” and an average target price of $205.06.

In other Burlington Stores news, CMO Jennifer Vecchio sold 15,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $198.87, for a total transaction of $2,983,050.00. Following the completion of the transaction, the chief marketing officer now owns 59,637 shares of the company’s stock, valued at $11,860,010.19. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Thomas Kingsbury sold 2,000 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $41.12, for a total transaction of $82,240.00. Following the transaction, the senior vice president now directly owns 3,092 shares of the company’s stock, valued at approximately $127,143.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,162 shares of company stock valued at $21,293,658. 1.86% of the stock is currently owned by insiders.

Burlington Stores Profile

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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