Schwab Charitable Fund boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 45.5% in the 1st quarter, Holdings Channel reports. The firm owned 35,419 shares of the company’s stock after buying an additional 11,080 shares during the period. Burlington Stores makes up approximately 1.1% of Schwab Charitable Fund’s portfolio, making the stock its 25th largest holding. Schwab Charitable Fund’s holdings in Burlington Stores were worth $10,583,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Great West Life Assurance Co. Can boosted its position in shares of Burlington Stores by 3.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 39,652 shares of the company’s stock valued at $8,176,000 after purchasing an additional 1,291 shares during the period. Townsquare Capital LLC raised its holdings in shares of Burlington Stores by 49.4% during the third quarter. Townsquare Capital LLC now owns 4,368 shares of the company’s stock valued at $923,000 after acquiring an additional 1,445 shares during the period. Brinker Capital Investments LLC purchased a new stake in shares of Burlington Stores in the 3rd quarter valued at approximately $1,730,000. Virtu Financial LLC acquired a new position in Burlington Stores in the 3rd quarter worth approximately $278,000. Finally, Wetherby Asset Management Inc. grew its position in Burlington Stores by 30.4% during the 3rd quarter. Wetherby Asset Management Inc. now owns 1,719 shares of the company’s stock worth $354,000 after purchasing an additional 401 shares in the last quarter.
In related news, CMO Jennifer Vecchio sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $305.57, for a total transaction of $6,111,400.00. 1.48% of the stock is currently owned by corporate insiders.
Burlington Stores stock traded up $2.70 on Thursday, reaching $324.76. 2,579 shares of the stock were exchanged, compared to its average volume of 581,699. The company has a current ratio of 1.51, a quick ratio of 1.02 and a debt-to-equity ratio of 7.57. Burlington Stores, Inc. has a twelve month low of $155.03 and a twelve month high of $330.50. The firm has a fifty day moving average price of $304.05 and a two-hundred day moving average price of $254.01. The stock has a market cap of $21.61 billion, a PE ratio of -123.87 and a beta of 0.75.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Wednesday, March 3rd. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.32. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Burlington Stores had a negative return on equity of 33.07% and a negative net margin of 2.92%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.25 EPS. Equities analysts anticipate that Burlington Stores, Inc. will post -2.84 EPS for the current fiscal year.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers 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.
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