Elkfork Partners LLC Purchases New Position in Burlington Stores, Inc. (BURL)

Elkfork Partners LLC acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, Holdings Channel reports. The firm acquired 17,612 shares of the company’s stock, valued at approximately $1,493,000.

Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Burlington Stores by 2.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,290 shares of the company’s stock valued at $105,000 after buying an additional 32 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Burlington Stores during the third quarter valued at approximately $106,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Burlington Stores during the third quarter valued at approximately $109,000. Frontier Wealth Management LLC purchased a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $200,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Burlington Stores by 12.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,544 shares of the company’s stock valued at $206,000 after buying an additional 285 shares during the period.

Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

Shares of Burlington Stores, Inc. (NYSE:BURL) traded down 0.451% on Friday, hitting $85.075. The company had a trading volume of 303,701 shares. Burlington Stores, Inc. has a 12 month low of $51.19 and a 12 month high of $91.67. The stock has a market cap of $5.95 billion, a PE ratio of 32.671 and a beta of 0.54. The company has a 50-day moving average of $84.51 and a 200 day moving average of $81.41.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.33 by $0.18. Burlington Stores had a net margin of 3.48% and a negative return on equity of 193.88%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business earned $0.25 earnings per share. Burlington Stores’s revenue was up 9.1% compared to the same quarter last year. Analysts anticipate that Burlington Stores, Inc. will post $3.17 EPS for the current fiscal year.

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Several brokerages have recently commented on BURL. Credit Suisse Group set a $75.00 price target on Burlington Stores and gave the stock a “hold” rating in a research note on Saturday, November 26th. Wedbush set a $107.00 price target on Burlington Stores and gave the stock a “buy” rating in a research note on Wednesday, February 8th. MKM Partners boosted their price target on Burlington Stores from $94.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, November 23rd. Telsey Advisory Group boosted their price target on Burlington Stores from $86.00 to $91.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 23rd. Finally, Zacks Investment Research lowered Burlington Stores from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, January 24th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $91.41.

In other Burlington Stores news, insider Fred Hand sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $89.11, for a total value of $891,100.00. Following the sale, the insider now owns 71,465 shares in the company, valued at $6,368,246.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marc Katz sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $88.51, for a total transaction of $708,080.00. Following the completion of the sale, the chief financial officer now owns 100,465 shares in the company, valued at approximately $8,892,157.15. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by company insiders.

About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.

5 Day Chart for NYSE:BURL

Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores, Inc. (NYSE:BURL).

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