GW&K Investment Management LLC Purchases 32,319 Shares of Burlington Stores Inc (BURL)

GW&K Investment Management LLC boosted its position in shares of Burlington Stores Inc (NYSE:BURL) by 10.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 338,760 shares of the company’s stock after purchasing an additional 32,319 shares during the quarter. GW&K Investment Management LLC’s holdings in Burlington Stores were worth $41,678,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Burlington Stores by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,555,296 shares of the company’s stock valued at $603,022,000 after acquiring an additional 193,490 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Burlington Stores by 23.9% in the 2nd quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock valued at $264,896,000 after acquiring an additional 554,717 shares during the last quarter. Balyasny Asset Management LLC increased its stake in shares of Burlington Stores by 123.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,408,518 shares of the company’s stock valued at $129,570,000 after acquiring an additional 777,645 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of Burlington Stores by 18.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,261,653 shares of the company’s stock valued at $119,453,000 after acquiring an additional 194,727 shares during the last quarter. Finally, Samlyn Capital LLC increased its stake in shares of Burlington Stores by 89.1% in the 2nd quarter. Samlyn Capital LLC now owns 968,713 shares of the company’s stock valued at $89,112,000 after acquiring an additional 456,305 shares during the last quarter.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $121.54, for a total transaction of $2,430,800.00. Following the completion of the transaction, the chief executive officer now owns 406,808 shares of the company’s stock, valued at approximately $49,443,444.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total value of $295,152.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,701 shares of company stock valued at $9,524,858. 2.60% of the stock is owned by company insiders.

Burlington Stores Inc (NYSE:BURL) traded up $2.27 during midday trading on Friday, reaching $125.73. The company had a trading volume of 1,208,031 shares, compared to its average volume of 1,003,615. Burlington Stores Inc has a twelve month low of $79.07 and a twelve month high of $126.88. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. The company has a market cap of $8,296.89, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.63 and a beta of 0.56.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the business earned $0.51 EPS. Burlington Stores’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts anticipate that Burlington Stores Inc will post 4.28 EPS for the current fiscal year.

A number of analysts have recently commented on the company. Wells Fargo & Co set a $143.00 price target on Burlington Stores and gave the company a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Cowen set a $132.00 price target on Burlington Stores and gave the company a “buy” rating in a research note on Monday, December 11th. BMO Capital Markets set a $120.00 price target on Burlington Stores and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Finally, Morgan Stanley upped their price target on Burlington Stores from $107.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $112.84.

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About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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

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