Burlington Stores Inc (BURL) : Carbonado Capital reduced its stake in Burlington Stores Inc by 8.0% during the most recent quarter end. The investment management company now holds a total of 575,000 shares of Burlington Stores Inc which is valued at $44,096,750 after selling 50,000 shares in Burlington Stores Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Burlington Stores Inc makes up approximately 10.80% of Carbonado Capital’s portfolio.
Other Hedge Funds, Including , Fred Alger Management Inc reduced its stake in BURL by selling 106,420 shares or 35.06% in the most recent quarter. The Hedge Fund company now holds 197,132 shares of BURL which is valued at $15,118,053. Burlington Stores Inc makes up approx 0.08% of Fred Alger Management Inc’s portfolio. Visium Asset Management Lp added BURL to its portfolio by purchasing 25,393 company shares during the most recent quarter which is valued at $1,947,389. Burlington Stores Inc makes up approx 0.19% of Visium Asset Management Lp’s portfolio. Bayesian Capital Management Lp added BURL to its portfolio by purchasing 9,200 company shares during the most recent quarter which is valued at $705,548. Burlington Stores Inc makes up approx 0.40% of Bayesian Capital Management Lp’s portfolio.Vanguard Group Inc reduced its stake in BURL by selling 457,473 shares or 8.38% in the most recent quarter. The Hedge Fund company now holds 5,003,241 shares of BURL which is valued at $383,698,552. Burlington Stores Inc makes up approx 0.02% of Vanguard Group Inc’s portfolio.California State Teachers Retirement System reduced its stake in BURL by selling 9,804 shares or 6.12% in the most recent quarter. The Hedge Fund company now holds 150,425 shares of BURL which is valued at $11,269,841. Burlington Stores Inc makes up approx 0.02% of California State Teachers Retirement System’s portfolio.
Burlington Stores Inc opened for trading at $80.95 and hit $83.17 on the upside on Thursday, eventually ending the session at $82.59, with a gain of 1.69% or 1.37 points. The heightened volatility saw the trading volume jump to 25,61,048 shares. Company has a market cap of $5,892 M.
On the company’s financial health, Burlington Stores Inc reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $0.30. The company had revenue of $1255.05 million for the quarter, compared to analysts expectations of $1240.54 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Many Wall Street Analysts have commented on Burlington Stores Inc. Company shares were Reiterated by Telsey Advisory Group on Aug 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 86 from a previous price target of $84 .Company shares were Reiterated by RBC Capital Mkts on Aug 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 86 from a previous price target of $82 .Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 73 from a previous price target of $59 .
Burlington Stores Inc. is a retailer of branded apparel. As of January 31 2015 the Company had 542 stores inclusive of an Internet store in 44 states of the United States and Puerto Rico. The Company’s offerings for women include dresses tops bottoms coats shoes suits and suit separates handbags intimates and sleepwear active wear sweaters swimwear and cover-ups jewelry and watches maternity beauty and fragrance and scrubs. The Company’s offerings for men include t-shirts suits and suit separates coats shoes pants button downs jeans shorts dress shirts polos hoodies and sweatshirts swim and active wear sports fan shop socks and underwear pajamas and robes grooming gadgets and gifts belts wallets and sweaters. The Company’s offerings for juniors include dresses tops bottoms shoes coats sweaters handbags sleepwear swimwear beauty and fragrance jewelry and watches.