Savoir Faire Capital Management L.P. Lowers Stake in Burlington Stores, Inc. (NYSE:BURL)

Savoir Faire Capital Management L.P. reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,238 shares of the company’s stock after selling 1,562 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Burlington Stores were worth $2,937,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BURL. Crewe Advisors LLC purchased a new position in Burlington Stores during the 2nd quarter valued at about $25,000. ORG Partners LLC purchased a new position in Burlington Stores during the 2nd quarter valued at about $38,000. Rise Advisors LLC purchased a new position in Burlington Stores during the 1st quarter valued at about $40,000. Blue Trust Inc. lifted its position in Burlington Stores by 619.2% during the 2nd 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 period. Finally, American National Bank purchased a new position in Burlington Stores during the 2nd quarter valued at about $47,000.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

BURL has been the subject of several recent analyst reports. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a report on Monday, August 19th. Robert W. Baird lifted their target price on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Citigroup lifted their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America lifted their target price 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. Finally, UBS Group lifted their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Stock Down 1.9 %

BURL opened at $272.11 on Tuesday. The firm’s 50 day simple moving average is $258.20 and its two-hundred day simple moving average is $227.61. The company has a market capitalization of $17.37 billion, a PE ratio of 45.58, a PEG ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $282.49. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the firm earned $0.60 EPS. Burlington Stores’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities analysts forecast that Burlington Stores, Inc. will post 7.86 EPS for the current year.

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.