Toronto Dominion Bank Lowers Holdings in Burlington Stores, Inc. (NYSE:BURL)

Toronto Dominion Bank reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 11.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 6,211 shares of the company’s stock after selling 822 shares during the period. Toronto Dominion Bank’s holdings in Burlington Stores were worth $1,491,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BURL. Crewe Advisors LLC purchased a new position in Burlington Stores during the 2nd quarter valued at approximately $25,000. ORG Partners LLC purchased a new stake in Burlington Stores during the second quarter valued at $38,000. Rise Advisors LLC bought a new position in Burlington Stores during the first quarter valued at $40,000. Blue Trust Inc. increased its holdings in shares of Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after buying an additional 161 shares during the last quarter. Finally, American National Bank purchased a new stake in shares of Burlington Stores during the 2nd quarter valued at about $47,000.

Wall Street Analyst Weigh In

Several research firms recently commented on BURL. Telsey Advisory Group reiterated an “outperform” rating and issued a $300.00 price target on shares of Burlington Stores in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price objective on shares of Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Bank of America raised their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group upped their price target on shares of Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Finally, StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $294.94.

Insider Activity

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 0.6 %

Burlington Stores stock opened at $263.43 on Tuesday. The firm has a market cap of $16.81 billion, a P/E ratio of 44.13, a P/E/G ratio of 1.39 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $282.49. The business has a fifty day moving average of $263.58 and a two-hundred day moving average of $232.09.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, analysts forecast that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.