Cupps Capital Management Lowers stake in Burlington Stores Inc (BURL)

Burlington Stores Inc (BURL) : Cupps Capital Management reduced its stake in Burlington Stores Inc by 23.22% during the most recent quarter end. The investment management company now holds a total of 134,192 shares of Burlington Stores Inc which is valued at $10,291,184 after selling 40,593 shares in Burlington Stores Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Burlington Stores Inc makes up approximately 2.46% of Cupps Capital Management’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in BURL in the latest quarter, The investment management firm added 49,557 additional shares and now holds a total of 99,683 shares of Burlington Stores Inc which is valued at $7,644,689. Burlington Stores Inc makes up approx 0.01% of Credit Suisse Ag’s portfolio.Teachers Advisors Inc reduced its stake in BURL by selling 27,227 shares or 22.48% in the most recent quarter. The Hedge Fund company now holds 93,906 shares of BURL which is valued at $7,201,651. Burlington Stores Inc makes up approx 0.01% of Teachers Advisors Inc’s portfolio. Airain Ltd sold out all of its stake in BURL during the most recent quarter. The investment firm sold 16,957 shares of BURL which is valued $1,292,802.Emerald Advisers Incpa boosted its stake in BURL in the latest quarter, The investment management firm added 31,740 additional shares and now holds a total of 355,646 shares of Burlington Stores Inc which is valued at $27,210,475. Burlington Stores Inc makes up approx 1.23% of Emerald Advisers Incpa’s portfolio.

Burlington Stores Inc closed down -0.45 points or -0.55% at $81.01 with 10,46,653 shares getting traded on Monday. Post opening the session at $81, the shares hit an intraday low of $80.53 and an intraday high of $81.5225 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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