Burlington Stores INC (BURL) Valuation Rose While Nicholas Investment Partners LP Increased Position

April 26, 2018 - By Adrian Erickson

Burlington Stores, Inc. (NYSE:BURL) LogoInvestors sentiment increased to 0.95 in Q4 2017. Its up 0.10, from 0.85 in 2017Q3. It improved, as 30 investors sold BURL shares while 114 reduced holdings. 62 funds opened positions while 75 raised stakes. 66.96 million shares or 1.49% less from 67.97 million shares in 2017Q3 were reported. New Jersey-based Financial Architects has invested 0.04% in Burlington Stores, Inc. (NYSE:BURL). Raymond James & reported 80,648 shares stake. Barclays Pcl owns 0% invested in Burlington Stores, Inc. (NYSE:BURL) for 42,350 shares. Schwab Charles Inv Mngmt invested 0.03% in Burlington Stores, Inc. (NYSE:BURL). First Mercantile holds 0.03% of its portfolio in Burlington Stores, Inc. (NYSE:BURL) for 1,330 shares. Aperio Grp Inc Ltd Liability has invested 0.01% in Burlington Stores, Inc. (NYSE:BURL). Quantitative Mgmt Ltd Com holds 0.21% or 117,900 shares. Parametric Ltd holds 0.01% of its portfolio in Burlington Stores, Inc. (NYSE:BURL) for 114,969 shares. Denver Invest Advsrs holds 0.04% of its portfolio in Burlington Stores, Inc. (NYSE:BURL) for 6,707 shares. Metropolitan Life Insurance Ny reported 3,744 shares. 507,809 were accumulated by Bancorp Of America Corporation De. Eagle Boston Inv Mgmt holds 0.02% or 1,981 shares in its portfolio. Buckingham Cap Mngmt Incorporated stated it has 193,176 shares or 2.85% of all its holdings. Waddell Reed Financial has invested 0.12% in Burlington Stores, Inc. (NYSE:BURL). Brown Brothers Harriman And reported 220 shares.

Since December 11, 2017, it had 0 insider purchases, and 11 selling transactions for $14.01 million activity. MAGRINI JOYCE MANNING sold $295,148 worth of stock. Hand Fred sold 7,000 shares worth $893,550. Kingsbury Thomas sold $2.52M worth of stock. 5,000 shares were sold by Sullivan Paul, worth $635,050 on Wednesday, March 14.

Nicholas Investment Partners Lp increased its stake in Burlington Stores Inc (BURL) by 23.69% based on its latest 2017Q4 regulatory filing with the SEC. Nicholas Investment Partners Lp bought 28,085 shares as the company’s stock rose 8.24% while stock markets declined. The institutional investor held 146,654 shares of the consumer services company at the end of 2017Q4, valued at $18.04M, up from 118,569 at the end of the previous reported quarter. Nicholas Investment Partners Lp who had been investing in Burlington Stores Inc for a number of months, seems to be bullish on the $9.20B market cap company. The stock increased 1.58% or $2.11 during the last trading session, reaching $135.71. About 404,188 shares traded. Burlington Stores, Inc. (NYSE:BURL) has risen 37.17% since April 26, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Burlington Stores, Inc. (NYSE:BURL) Ratings Coverage

Among 14 analysts covering Burlington Stores (NYSE:BURL), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. Burlington Stores had 22 analyst reports since October 31, 2017 according to SRatingsIntel. The firm has “Buy” rating by Cowen & Co given on Tuesday, November 21. The firm has “Buy” rating by Cowen & Co given on Thursday, March 8. The firm has “Buy” rating given on Thursday, January 11 by Wells Fargo. The firm has “Buy” rating given on Tuesday, October 31 by Cowen & Co. The rating was maintained by Telsey Advisory Group on Wednesday, November 22 with “Outperform”. As per Thursday, March 8, the company rating was maintained by SunTrust. Buckingham Research maintained Burlington Stores, Inc. (NYSE:BURL) rating on Friday, March 9. Buckingham Research has “Buy” rating and $150 target. The stock of Burlington Stores, Inc. (NYSE:BURL) has “Buy” rating given on Monday, April 23 by SunTrust. The stock of Burlington Stores, Inc. (NYSE:BURL) has “Buy” rating given on Tuesday, November 21 by BMO Capital Markets. The stock of Burlington Stores, Inc. (NYSE:BURL) has “Overweight” rating given on Thursday, April 12 by Morgan Stanley.

Burlington Stores, Inc. (NYSE:BURL) Institutional Positions Chart

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