Amalgamated Bank Sells 92 Shares of Burlington Stores, Inc. (NYSE:BURL)

Amalgamated Bank trimmed its holdings in Burlington Stores, Inc. (NYSE:BURL) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,900 shares of the company’s stock after selling 92 shares during the quarter. Amalgamated Bank’s holdings in Burlington Stores were worth $8,808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BURL. Creative Planning raised its stake in shares of Burlington Stores by 18.6% in the third quarter. Creative Planning now owns 4,973 shares of the company’s stock worth $1,310,000 after acquiring an additional 781 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Burlington Stores by 3.6% in the third quarter. Raymond James & Associates now owns 30,705 shares of the company’s stock valued at $8,090,000 after purchasing an additional 1,056 shares in the last quarter. Forsta AP Fonden raised its position in Burlington Stores by 5.4% in the 3rd quarter. Forsta AP Fonden now owns 23,500 shares of the company’s stock worth $6,192,000 after purchasing an additional 1,200 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Burlington Stores by 103.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,732 shares of the company’s stock worth $1,774,000 after buying an additional 3,421 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Burlington Stores by 1,001.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,570 shares of the company’s stock worth $1,204,000 after buying an additional 4,155 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BURL. Citigroup boosted their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $280.00 to $360.00 in a report on Friday, January 10th. Evercore ISI upped their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley lifted their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $317.87.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 1,481 shares of company stock valued at $421,892 over the last 90 days. 0.91% of the stock is owned by company insiders.

Burlington Stores Price Performance

Shares of BURL stock opened at $235.99 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The firm has a fifty day moving average of $275.33 and a 200-day moving average of $270.68. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. On average, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

About Burlington Stores

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.