UBS Group AG Has $8.36 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

UBS Group AG cut its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,204 shares of the company’s stock after selling 13,132 shares during the period. UBS Group AG owned 0.06% of Burlington Stores worth $8,355,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its position in shares of Burlington Stores by 58.2% in the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the last quarter. Concord Wealth Partners bought a new position in shares of Burlington Stores during the fourth quarter worth approximately $40,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Burlington Stores during the fourth quarter worth approximately $40,000. KB Financial Partners LLC increased its stake in shares of Burlington Stores by 68.8% during the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after purchasing an additional 97 shares during the period. Finally, Standard Family Office LLC bought a new position in shares of Burlington Stores during the third quarter worth approximately $27,000.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 47,153 shares of Burlington Stores stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $209.46, for a total value of $9,876,667.38. Following the completion of the transaction, the chief marketing officer now directly owns 55,173 shares of the company’s stock, valued at approximately $11,556,536.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director William P. Mcnamara sold 500 shares of Burlington Stores stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $212.26, for a total value of $106,130.00. Following the completion of the transaction, the director now directly owns 8,154 shares of the company’s stock, valued at approximately $1,730,768.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 47,153 shares of Burlington Stores stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $209.46, for a total value of $9,876,667.38. Following the completion of the transaction, the chief marketing officer now directly owns 55,173 shares of the company’s stock, valued at $11,556,536.58. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BURL. StockNews.com began coverage on Burlington Stores in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Jefferies Financial Group lowered their price objective on Burlington Stores from $260.00 to $225.00 in a research note on Tuesday, May 9th. Robert W. Baird raised their price objective on Burlington Stores from $240.00 to $270.00 in a research note on Friday, March 3rd. Loop Capital upgraded Burlington Stores from a “hold” rating to a “buy” rating and raised their price objective for the stock from $220.00 to $225.00 in a research note on Tuesday, April 4th. Finally, UBS Group lowered Burlington Stores from a “neutral” rating to a “sell” rating in a research note on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $225.94.

Burlington Stores Stock Up 3.2 %

Shares of BURL opened at $166.90 on Thursday. The company has a market capitalization of $10.84 billion, a PE ratio of 47.55, a PEG ratio of 0.84 and a beta of 1.10. Burlington Stores, Inc. has a 12 month low of $106.47 and a 12 month high of $239.94. The stock’s 50-day moving average price is $189.57 and its two-hundred day moving average price is $199.63. The company has a current ratio of 1.19, a quick ratio of 0.58 and a debt-to-equity ratio of 1.84.

Burlington Stores (NYSE:BURL – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.72 by $0.24. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.61 billion. Burlington Stores had a return on equity of 40.35% and a net margin of 2.64%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.53 EPS. On average, analysts anticipate that Burlington Stores, Inc. will post 5.88 EPS for the current year.

About Burlington Stores

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Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. It operates through the following segments: Ladies Apparel, Accessories and Shoes, Home, Mens Apparel, Kids Apparel and Baby, and Outerwear.