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Burlington Stores, Inc. (NYSE:BURL) Shooting Higher to New Recent High

Burlington Stores, Inc. (NYSE:BURL) Shooting Higher to New Recent High

Moore Capital Management Lp increased Burlington Stores Inc (BURL) stake by 500% reported in 2017Q2 SEC filing.

Looking forward, the company's quarterly earnings are expected to come at $0.66 in the three months through October 2017 and $2.08 in the quarter ending January 2018, reflecting 32% and 16.85% growth, respectively.

Several firms have shifted positions in (BURL). Advisor Group Inc. lifted its position in shares of Burlington Stores by 9.2% during the second quarter. The percentage of shares being held by the company management was 1.2% while institutional stake was 0%. Clearbridge Investments, LLC downsized its ownership by selling 220 shares a decrease of 0.1% as of 09/30/2017. Samlyn Capital LLC now owns 968,713 shares of the company's stock valued at $89,112,000 after buying an additional 456,305 shares during the last quarter. The value of the investment in (BURL) increased from $6,035,000 to $6,585,000 a change of $550,000 quarter over quarter.

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Shares of Burlington Stores, Inc. Oak Ridge Investments Ltd Liability Corporation holds 1.89% or 643,053 shares in its portfolio.

A number of research firms have recently weighed in on BURL. Cowen and Company set a $105.00 price objective on shares of Burlington Stores and gave the stock a "buy" rating in a research note on Monday, August 14th. October 19 investment analysts at Buckingham Research made no change to the company rating of "Buy" projecting a price of $107.00. The stock of Burlington Stores Inc (NYSE:BURL) has "Overweight" rating given on Friday, August 25 by Morgan Stanley. They issued a "buy" rating and a $108.00 target price on the stock. As per Wednesday, April 19, the company rating was maintained by BMO Capital Markets. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/16/burlington-stores-inc-burl-rating-lowered-to-hold-at-zacks-investment-research.html. "(BURL)" was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another publication, it was illegally stolen and republished in violation of global copyright & trademark legislation. Shellback Capital Lp owns 330,000 shares or 2.62% of their U.S. portfolio. Alliancebernstein Limited Partnership has 0.11% invested in Burlington Stores Inc (NYSE:BURL) for 1.57 million shares. (NYSE:BURL) opened at $100.15 on Friday. If the published price targets set by GoDaddy Inc. analysts have any power to influence the stock's share price, the highest price target set for GDDY is $60. The P/E ratio is now 26.96 and the market value is 6.73B. The company was upgraded on Tuesday, December 13 by Jefferies. Burlington Stores Inc (NYSE:BURL) has risen 77.68% since November 16, 2016 and is uptrending.

Among 11 analysts covering Unilever (NYSE:UL), 4 have Buy rating, 2 Sell and 5 Hold. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.35 billion. As of the latest earnings report the EPS was $3.62 with 68.97M shares now outstanding. It dropped, as 41 investors sold Burlington Stores Inc shares while 114 reduced holdings. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued. The total value of its holdings increased 13.0%. Following the transaction, the insider now owns 76,309 shares in the company, valued at $6,699,930.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 87,922 shares of company stock worth $8,052,750 over the last ninety days. The stock was sold at an average price of $88.00, for a total transaction of $211,200.00. Goldman Sachs Group Inc has 2.99 million shares. The disclosure for this sale can be found here. $967,996 worth of Burlington Stores Inc (NYSE:BURL) shares were sold by Katz Marc. Company insiders own 2.60% of the company's stock. Burlington Stores Inc now has $6.91 billion valuation. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women's ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.


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