Royal Bank of Canada grew its position in Burlington Stores Inc (NYSE:BURL) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,275 shares of the company’s stock after purchasing an additional 11,090 shares during the quarter. Royal Bank of Canada owned approximately 0.16% of Burlington Stores worth $16,365,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors Inc. raised its position in shares of Burlington Stores by 1.0% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,880 shares of the company’s stock valued at $1,113,000 after purchasing an additional 47 shares during the period. MAI Capital Management raised its position in shares of Burlington Stores by 1.5% in the first quarter. MAI Capital Management now owns 4,740 shares of the company’s stock valued at $751,000 after purchasing an additional 72 shares during the period. Advisor Group Inc. raised its position in shares of Burlington Stores by 1.9% in the fourth quarter. Advisor Group Inc. now owns 3,890 shares of the company’s stock valued at $887,000 after purchasing an additional 74 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Burlington Stores by 16.9% in the first quarter. First Horizon Advisors Inc. now owns 561 shares of the company’s stock worth $88,000 after acquiring an additional 81 shares during the last quarter. Finally, Utah Retirement Systems grew its stake in shares of Burlington Stores by 0.8% in the fourth quarter. Utah Retirement Systems now owns 12,508 shares of the company’s stock worth $2,852,000 after acquiring an additional 100 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Shares of NYSE BURL opened at $194.43 on Friday. The stock has a market cap of $13.47 billion, a PE ratio of 146.08 and a beta of 0.73. The business has a fifty day moving average of $198.39 and a two-hundred day moving average of $203.51. Burlington Stores Inc has a 52-week low of $105.67 and a 52-week high of $250.89. The company has a debt-to-equity ratio of 16.75, a quick ratio of 1.18 and a current ratio of 1.65.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, May 28th. The company reported ($4.76) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.23) by ($3.53). The company had revenue of $801.50 million for the quarter, compared to the consensus estimate of $883.81 million. Burlington Stores had a net margin of 0.83% and a return on equity of 26.65%. The firm’s revenue was down 51.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 earnings per share. Analysts predict that Burlington Stores Inc will post -1.1 earnings per share for the current year.

In related news, Director William P. Mcnamara sold 374 shares of Burlington Stores stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $201.71, for a total value of $75,439.54. Following the completion of the transaction, the director now directly owns 8,188 shares of the company’s stock, valued at $1,651,601.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Fred Hand sold 14,372 shares of Burlington Stores stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,077,045.20. Following the completion of the transaction, the insider now directly owns 47,735 shares of the company’s stock, valued at $10,220,063.50. The disclosure for this sale can be found here. Insiders sold 31,776 shares of company stock valued at $6,493,017 over the last ninety days. 1.48% of the stock is currently owned by company insiders.

BURL has been the topic of several research analyst reports. Telsey Advisory Group raised their price objective on shares of Burlington Stores from $195.00 to $230.00 and gave the stock a “market perform” rating in a research note on Friday, May 29th. DA Davidson raised their price objective on shares of Burlington Stores from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. TheStreet downgraded shares of Burlington Stores from a “b” rating to a “c” rating in a research note on Thursday, May 28th. Deutsche Bank lowered their price objective on shares of Burlington Stores from $255.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Finally, UBS Group raised their price objective on shares of Burlington Stores from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Burlington Stores presently has an average rating of “Buy” and a consensus target price of $232.78.

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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