ARP Americas LP Has $720,000 Stock Position in Burlington Stores Inc (NYSE:BURL)

ARP Americas LP lowered its stake in shares of Burlington Stores Inc (NYSE:BURL) by 43.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,654 shares of the company’s stock after selling 2,802 shares during the period. ARP Americas LP’s holdings in Burlington Stores were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp increased its position in shares of Burlington Stores by 68.6% during the fourth quarter. Stifel Financial Corp now owns 3,057 shares of the company’s stock worth $697,000 after acquiring an additional 1,244 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Burlington Stores during the fourth quarter worth about $35,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Burlington Stores by 4.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,931 shares of the company’s stock worth $896,000 after acquiring an additional 174 shares in the last quarter. Man Group plc increased its position in shares of Burlington Stores by 13.5% during the fourth quarter. Man Group plc now owns 20,678 shares of the company’s stock worth $4,715,000 after acquiring an additional 2,461 shares in the last quarter. Finally, Redpoint Investment Management Pty Ltd bought a new stake in shares of Burlington Stores during the fourth quarter worth about $306,000.

In other news, 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 value of $395,460.00. Following the transaction, the chief marketing officer now owns 40,856 shares of the company’s stock, valued at $8,078,456.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Fred Hand sold 14,372 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,077,045.20. Following the completion of the transaction, the insider now directly owns 47,735 shares in the company, valued at approximately $10,220,063.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,776 shares of company stock valued at $6,588,457. Company insiders own 1.48% of the company’s stock.

Shares of BURL traded up $0.49 during mid-day trading on Friday, reaching $188.00. The stock had a trading volume of 713,461 shares, compared to its average volume of 743,692. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 272.47 and a beta of 0.72. Burlington Stores Inc has a 12 month low of $105.67 and a 12 month high of $250.89. The business has a fifty 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 quick ratio of 1.18 and a current ratio of 1.65.

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

Several research firms have recently commented on BURL. Loop Capital decreased their target price on shares of Burlington Stores from $265.00 to $250.00 in a research report on Friday, May 29th. Telsey Advisory Group upped 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 report on Friday, May 29th. Nomura Instinet upped their price objective on shares of Burlington Stores from $190.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Royal Bank of Canada upped their price objective on shares of Burlington Stores from $184.00 to $250.00 in a research report on Monday, June 1st. Finally, Morgan Stanley upped their price objective on shares of Burlington Stores from $206.00 to $224.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $233.13.

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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