Cortina Asset Management LLC Has $42,458,000 Position in Burlington Stores, Inc. (BURL)

Cortina Asset Management LLC reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 18.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500,977 shares of the company’s stock after selling 117,066 shares during the period. Burlington Stores makes up approximately 1.8% of Cortina Asset Management LLC’s holdings, making the stock its largest position. Cortina Asset Management LLC owned about 0.72% of Burlington Stores worth $42,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Federated Investors Inc. PA increased its position in Burlington Stores by 273.8% in the fourth quarter. Federated Investors Inc. PA now owns 100,543 shares of the company’s stock valued at $8,521,000 after buying an additional 73,643 shares during the period. Nicholas Investment Partners LP increased its position in Burlington Stores by 50.4% in the fourth quarter. Nicholas Investment Partners LP now owns 83,504 shares of the company’s stock valued at $7,076,000 after buying an additional 27,984 shares during the period. Cipher Capital LP bought a new position in Burlington Stores during the fourth quarter valued at approximately $2,100,000. Comerica Bank bought a new position in Burlington Stores during the fourth quarter valued at approximately $301,000. Finally, State Board of Administration of Florida Retirement System increased its position in Burlington Stores by 10.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 78,493 shares of the company’s stock valued at $6,652,000 after buying an additional 7,381 shares during the period.

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

Shares of Burlington Stores, Inc. (NYSE:BURL) traded down 0.68% during midday trading on Monday, hitting $86.02. The company had a trading volume of 460,322 shares. The company has a 50-day moving average of $84.36 and a 200-day moving average of $81.23. The company has a market capitalization of $6.02 billion, a PE ratio of 33.03 and a beta of 0.54. Burlington Stores, Inc. has a 12 month low of $49.79 and a 12 month high of $91.67.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. Analysts predict that Burlington Stores, Inc. will post $3.17 earnings per share for the current year.

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Several analysts recently issued reports on the company. Credit Suisse Group reiterated a “neutral” rating and set a $75.00 target price on shares of Burlington Stores in a research report on Tuesday, December 6th. Wedbush assumed coverage on Burlington Stores in a research report on Thursday, January 5th. They set an “outperform” rating and a $107.00 target price for the company. Telsey Advisory Group increased their target price on Burlington Stores from $86.00 to $91.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 23rd. MKM Partners increased their target price on Burlington Stores from $94.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, November 23rd. Finally, TheStreet upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research report on Tuesday, January 3rd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $91.41.

In other Burlington Stores news, insider Fred Hand sold 10,000 shares of Burlington Stores stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $89.11, for a total value of $891,100.00. Following the sale, the insider now owns 71,465 shares of the company’s stock, valued at approximately $6,368,246.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marc Katz sold 8,000 shares of Burlington Stores stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $88.51, for a total value of $708,080.00. Following the completion of the sale, the chief financial officer now directly owns 100,465 shares in the company, valued at approximately $8,892,157.15. The disclosure for this sale can be found here. Company insiders own 2.21% of the company’s stock.

About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. 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.

5 Day Chart for NYSE:BURL

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