Amalgamated Bank Sells 2,076 Shares of Burlington Stores, Inc. (NYSE:BURL)

Amalgamated Bank cut its stake in Burlington Stores, Inc. (NYSE:BURL) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,992 shares of the company’s stock after selling 2,076 shares during the period. Amalgamated Bank’s holdings in Burlington Stores were worth $8,166,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Tributary Capital Management LLC lifted its holdings in shares of Burlington Stores by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after acquiring an additional 50 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after acquiring an additional 53 shares during the period. Signaturefd LLC lifted its holdings in shares of Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after acquiring an additional 54 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Burlington Stores by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after acquiring an additional 61 shares during the period. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Burlington Stores by 6.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after acquiring an additional 65 shares during the period.

Burlington Stores Stock Up 0.2 %

Shares of NYSE:BURL opened at $252.55 on Thursday. Burlington Stores, Inc. has a one year low of $125.38 and a one year high of $282.49. The company has a 50 day moving average of $260.96 and a 200-day moving average of $240.35. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of 37.98, a P/E/G ratio of 1.24 and a beta of 1.64.

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

Insider Buying and Selling

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 transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BURL shares. Evercore ISI raised their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Bank of America raised their price objective 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. The Goldman Sachs Group lifted their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company lifted their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.94.

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.