Hilton Capital Management LLC Cuts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Hilton Capital Management LLC lessened its stake in Burlington Stores, Inc. (NYSE:BURL) by 28.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,770 shares of the company’s stock after selling 3,046 shares during the quarter. Hilton Capital Management LLC’s holdings in Burlington Stores were worth $2,047,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in BURL. Crewe Advisors LLC purchased a new position in shares of Burlington Stores in the 2nd quarter valued at $25,000. ORG Partners LLC acquired a new position in Burlington Stores during the second quarter worth $38,000. Blue Trust Inc. boosted its position in shares of Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after buying an additional 161 shares in the last quarter. American National Bank acquired a new stake in shares of Burlington Stores in the second quarter valued at approximately $47,000. Finally, UMB Bank n.a. boosted its stake in shares of Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the last quarter.

Wall Street Analysts Forecast Growth

BURL has been the subject of several analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $300.00 target price on shares of Burlington Stores in a research note on Thursday, August 29th. Barclays increased their price target on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Bank of America raised their target price on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. TD Cowen upped their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Evercore ISI upped their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $297.56.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Performance

BURL stock opened at $274.06 on Wednesday. Burlington Stores, Inc. has a fifty-two week low of $133.09 and a fifty-two week high of $282.49. The company has a market capitalization of $17.45 billion, a P/E ratio of 41.21, a PEG ratio of 1.37 and a beta of 1.64. The company has a 50-day simple moving average of $261.18 and a 200 day simple moving average of $246.19. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. Sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal 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.