Graphene Investments SAS Sells 2,000 Shares of Burlington Stores, Inc. (NYSE:BURL)

Graphene Investments SAS reduced its stake in Burlington Stores, Inc. (NYSE:BURL) by 12.3% during the 1st quarter, HoldingsChannel reports. The fund owned 14,200 shares of the company’s stock after selling 2,000 shares during the quarter. Burlington Stores comprises 2.0% of Graphene Investments SAS’s investment portfolio, making the stock its 28th largest position. Graphene Investments SAS’s holdings in Burlington Stores were worth $3,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BURL. Rise Advisors LLC acquired a new stake in shares of Burlington Stores in the 1st quarter valued at about $40,000. Lindbrook Capital LLC grew its holdings in shares of Burlington Stores by 114.6% during the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after buying an additional 94 shares in the last quarter. Mather Group LLC. bought a new position in shares of Burlington Stores during the first quarter worth about $48,000. GAMMA Investing LLC acquired a new stake in Burlington Stores in the 4th quarter valued at $41,000. Finally, Fifth Third Bancorp bought a new stake in Burlington Stores during the 4th quarter worth about $50,000.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BURL. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 price objective on shares of Burlington Stores in a report on Thursday, May 30th. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Bank of America lifted their target price on shares of Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, May 31st. BMO Capital Markets boosted their price objective on Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Finally, Citigroup lifted their price target on Burlington Stores from $258.00 to $276.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Price Performance

Shares of NYSE:BURL traded down $1.88 during midday trading on Wednesday, hitting $233.62. The stock had a trading volume of 342,757 shares, compared to its average volume of 966,777. The company’s 50-day moving average price is $211.17 and its 200-day moving average price is $204.53. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $245.43. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $14.91 billion, a P/E ratio of 39.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.04 by $0.38. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. As a group, equities research analysts predict that Burlington Stores, Inc. will post 7.6 EPS for the current fiscal year.

Burlington Stores 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.