Charles Schwab Investment Management Inc. Reduces Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Charles Schwab Investment Management Inc. lowered its position in Burlington Stores, Inc. (NYSE:BURL) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 394,582 shares of the company’s stock after selling 6,117 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.62% of Burlington Stores worth $103,964,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores during the second quarter valued at $25,000. ORG Partners LLC acquired a new stake in shares of Burlington Stores during the second quarter valued at $38,000. Blue Trust Inc. boosted its stake in shares of Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares during the last quarter. American National Bank acquired a new stake in shares of Burlington Stores during the second quarter valued at $47,000. Finally, UMB Bank n.a. boosted its stake in shares of Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the last quarter.

Burlington Stores Stock Performance

NYSE BURL opened at $286.94 on Wednesday. The firm has a market capitalization of $18.27 billion, a P/E ratio of 43.19, a P/E/G ratio of 1.46 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. Burlington Stores, Inc. has a 1-year low of $168.49 and a 1-year high of $298.89. The business’s 50-day simple moving average is $261.73 and its 200-day simple moving average is $248.76.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. Equities analysts predict that Burlington Stores, Inc. will post 7.94 EPS for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of analyst reports. Evercore ISI increased their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. The Goldman Sachs Group raised their price target on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Monday, August 19th. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.06.

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.