Peregrine Capital Management LLC cut its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 22.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,496 shares of the company’s stock after selling 24,449 shares during the period. Peregrine Capital Management LLC owned about 0.13% of Burlington Stores worth $16,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in Burlington Stores during the first quarter valued at $30,000. Column Capital Advisors LLC purchased a new stake in Burlington Stores in the first quarter valued at approximately $34,000. Advisors Asset Management Inc. purchased a new stake in Burlington Stores in the fourth quarter valued at approximately $35,000. Signaturefd LLC grew its holdings in Burlington Stores by 113.2% in the first quarter. Signaturefd LLC now owns 226 shares of the company’s stock valued at $36,000 after purchasing an additional 120 shares during the period. Finally, Allred Capital Management LLC grew its holdings in Burlington Stores by 225.0% in the first quarter. Allred Capital Management LLC now owns 260 shares of the company’s stock valued at $41,000 after purchasing an additional 180 shares during the period.

BURL has been the subject of a number of recent analyst reports. Nomura Instinet boosted their target price on shares of Burlington Stores from $190.00 to $232.00 and gave the company a “buy” rating in a report on Friday, May 29th. Nomura boosted their target price on shares of Burlington Stores from $190.00 to $232.00 and gave the company a “buy” rating in a report on Friday, May 29th. UBS Group boosted their target price on shares of Burlington Stores from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Telsey Advisory Group lifted their price target on shares of Burlington Stores from $195.00 to $230.00 and gave the company a “market perform” rating in a research report on Friday, May 29th. Finally, TheStreet cut shares of Burlington Stores from a “b” rating to a “c” rating in a research report on Thursday, May 28th. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Burlington Stores currently has a consensus rating of “Buy” and a consensus price target of $233.13.

BURL traded up $0.49 during trading on Friday, hitting $188.00. The company had a trading volume of 713,461 shares, compared to its average volume of 743,692. The company has a market cap of $12.38 billion, a PE ratio of 272.47 and a beta of 0.72. The business has a 50-day moving average of $193.26 and a 200-day moving average of $196.61. The company has a debt-to-equity ratio of 16.75, a current ratio of 1.65 and a quick ratio of 1.18. Burlington Stores Inc has a 1-year low of $105.67 and a 1-year high of $250.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, May 28th. The company reported ($4.76) earnings per share for the quarter, missing the consensus estimate of ($1.23) by ($3.53). Burlington Stores had a net margin of 0.83% and a return on equity of 26.65%. The business had revenue of $801.50 million for the quarter, compared to the consensus estimate of $883.81 million. During the same quarter in the previous year, the firm earned $1.26 EPS. The firm’s revenue for the quarter was down 51.0% on a year-over-year basis. Research analysts forecast that Burlington Stores Inc will post -1.31 earnings per share for the current year.

In other Burlington Stores news, CFO John Crimmins sold 2,799 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $201.10, for a total transaction of $562,878.90. Following the completion of the sale, the chief financial officer now owns 19,951 shares in the company, valued at $4,012,146.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $197.73, for a total transaction of $395,460.00. Following the sale, the chief marketing officer now owns 40,856 shares of the company’s stock, valued at approximately $8,078,456.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,776 shares of company stock valued at $6,588,457. 1.48% of the stock is owned by insiders.

Burlington Stores Company 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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