ETRADE Capital Management LLC Sells 913 Shares of Burlington (BURL)

ETRADE Capital Management LLC decreased its holdings in Burlington (NYSE:BURL) by 13.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,053 shares of the company’s stock after selling 913 shares during the quarter. ETRADE Capital Management LLC’s holdings in Burlington were worth $806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BURL. American Century Companies Inc. boosted its stake in shares of Burlington by 78.4% in the first quarter. American Century Companies Inc. now owns 2,314,890 shares of the company’s stock valued at $308,228,000 after purchasing an additional 1,017,288 shares during the period. Carillon Tower Advisers Inc. purchased a new position in shares of Burlington in the fourth quarter valued at approximately $122,030,000. Congress Asset Management Co. MA purchased a new position in shares of Burlington in the fourth quarter valued at approximately $87,410,000. Standard Life Aberdeen plc boosted its stake in shares of Burlington by 662.1% in the fourth quarter. Standard Life Aberdeen plc now owns 679,165 shares of the company’s stock valued at $83,561,000 after purchasing an additional 590,048 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Burlington in the fourth quarter valued at approximately $33,177,000.

In related news, insider Joyce Manning Magrini sold 2,500 shares of Burlington stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $133.45, for a total value of $333,625.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington stock in a transaction on Monday, March 12th. The shares were sold at an average price of $125.84, for a total transaction of $2,516,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,500 shares of company stock worth $6,243,575. 1.91% of the stock is owned by corporate insiders.

Shares of Burlington stock opened at $138.60 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.98 and a debt-to-equity ratio of 12.84. Burlington has a 52-week low of $79.07 and a 52-week high of $142.23. The company has a market capitalization of $9.58 billion, a P/E ratio of 32.49, a PEG ratio of 1.30 and a beta of 0.42.

Burlington (NYSE:BURL) last released its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.08. Burlington had a net margin of 6.31% and a negative return on equity of 754.89%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. equities research analysts anticipate that Burlington will post 5.78 EPS for the current fiscal year.

Several research firms have recently commented on BURL. Zacks Investment Research lowered shares of Burlington from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. OTR Global started coverage on shares of Burlington in a research note on Tuesday, May 8th. They issued a “positive” rating for the company. Deutsche Bank started coverage on shares of Burlington in a research note on Monday, April 30th. They issued a “buy” rating and a $156.00 price target for the company. SunTrust Banks set a $148.00 price target on shares of Burlington and gave the stock a “buy” rating in a research note on Monday, April 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price target (up previously from $146.00) on shares of Burlington in a research note on Wednesday, April 18th. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $137.06.

About Burlington

Burlington Stores, Inc is an apparel and home product retailer. Its products include ladies sportswear, menswear, coats, family footwear and youth apparel, as well as baby furniture, accessories, home decor and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

Institutional Ownership by Quarter for Burlington (NYSE:BURL)

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