Ladenburg Thalmann Financial Services Inc. now owns 2,878 shares of the company's stock valued at $276,000 after purchasing an additional 886 shares in the last quarter. In the last quarter, insiders sold 95,023 shares of company stock valued at $8,985,018. This buyback authorization permits the company to buy shares of its stock through open market purchases.
Burlington Stores (NYSE:BURL) traded up $2.41 during mid-day trading on Wednesday, reaching $108.78. 1,601,825 shares of the company were exchanged, compared to its average volume of 1,109,552.
Among 18 analysts covering Burlington Stores (NYSE:BURL), 15 have Buy rating, 0 Sell and 3 Hold. It has outperformed by 60.98% the S&P500. Voya Investment Management Llc bought 554,717 shares as the company's stock rose 10.27% with the market. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Burlington Stores by 10.3% during the 2nd quarter. Glovista Investments Llc who had been investing in Yy Inc for a number of months, seems to be bullish on the $6.35B market cap company. Stock traders acquired 3,453 call options on the stock. Burlington Stores, Inc. (NYSE:BURL) has risen 77.68% since December 2, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.
Investors sentiment decreased to 0.83 in 2017 Q2. Its down 0.12, from 0.95 in 2017Q1.
Shares of Burlington Stores (BURL) traded up $2.41 during mid-day trading on Wednesday, hitting $108.78.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP bought a new position in Burlington Stores in the third quarter valued at about $21,479,000. Cap Fund Mngmt Sa stated it has 324,193 shares. Pinebridge Limited Partnership accumulated 7,200 shares or 0.02% of the stock. SunTrust Banks boosted their price target on Burlington Stores from $109.00 to $117.00 and gave the company a "buy" rating in a research report on Wednesday, November 22nd. The shares were sold at an average price of $88.46, for a total transaction of $152,328.12. Teacher Retirement System of Texas raised its stake in shares of Burlington Stores by 0.7% in the second quarter.
Burlington Stores announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 24th that permits the company to buyback $300.00 million in outstanding shares. (NYSE:BURL). Bancorp Of Montreal Can accumulated 122,422 shares or 0.01% of the stock. Emerald Advisers Pa owns 186,322 shares or 0.72% of their USA portfolio. New Jersey-based Jacobs Levy Equity Management has invested 0.01% in Burlington Stores, Inc. (NYSE:BURL). Focused Wealth Mgmt Inc invested 0.03% in Burlington Stores, Inc. Employees Retirement Sys Of Texas invested in 0.16% or 126,000 shares. Clarivest Asset Mgmt has 0.01% invested in Burlington Stores, Inc. Cowen reissued a "buy" rating and set a $115.00 price objective on shares of Burlington Stores in a report on Tuesday, November 21st. (NYSE:BURL). Kames Cap Public Ltd Limited Liability Company holds 0% or 761,681 shares in its portfolio. Globeflex LP holds 0.6% or 26,605 shares in its portfolio. Cibc Asset Mngmt holds 0.02% or 33,274 shares in its portfolio. Therefore 83% are positive. Burlington Stores's revenue was up 7.1% on a year-over-year basis. research analysts expect that Burlington Stores will post 4.28 EPS for the current year. The firm earned "Outperform" rating on Friday, August 26 by BMO Capital Markets. The rating was initiated by Citigroup with "Buy" on Wednesday, October 7. Cowen & Co maintained it with "Outperform" rating and $110 target in Friday, June 23 report. Burlington Stores has an average rating of "Buy" and an average price target of $109.49. (NYSE:BURL) earned "Buy" rating by BMO Capital Markets on Tuesday, August 8. The firm earned "Buy" rating on Thursday, October 19 by Buckingham Research. The Connecticut-based Ellington Grp Inc has invested 0.35% in Burlington Stores, Inc. (NYSE:BURL) has "Neutral" rating given on Friday, September 30 by Guggenheim. The company now has an average rating of "Buy" and an average target price of $109.49.
Old Mutual Global Investors Uk Ltd, which manages about $8.25 billion US Long portfolio, decreased its stake in Hancock Hldg Co (NASDAQ:HBHC) by 250,689 shares to 150 shares, valued at $7,000 in 2017Q2, according to the filing. Advisor Group Inc. lifted its stake in shares of Burlington Stores by 9.2% during the 2nd quarter.
Burlington Stores, Inc is a retailer of branded apparel. Reports Third Quarter 2017 Results above Guidance and ..." with publication date: "November 21, 2017. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Burlington Stores by 44.5% in the third quarter. (NYSE:BURL) were released by: Nasdaq.com and their article: "Burlington Stores (BURL) Q3 Earnings Beat, Revenues Miss" published on November 22, 2017 as well as Businesswire.com's news article titled: "Burlington Stores, Inc". It also reduced its holding in Ishares (ECH) by 160,813 shares in the quarter, leaving it with 49,819 shares, and cut its stake in Ishares (EZA). Therefore 32% are positive. YY Inc had 16 analyst reports since August 17, 2015 according to SRatingsIntel. As per Monday, June 27, the company rating was upgraded by Morgan Stanley. The rating was maintained by Piper Jaffray with "Overweight" on Friday, August 14. The rating was upgraded by FBR Capital to "Mkt Perform" on Thursday, December 17.
In other news, Director Paul Sullivan sold 1,722 shares of the stock in a transaction that occurred on Thursday, September 7th. Burlington Stores has a consensus rating of "Buy" and an average price target of $97.89. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The rating was downgraded by Pacific Crest to "Underweight" on Friday, July 22. The rating was maintained by BMO Capital Markets with "Buy" on Tuesday, November 21. For the next fiscal year, analysts forecast that the firm will report sales of $6.4 billion per share, with estimates ranging from $6.33 billion to $6.46 billion.
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Five9, Inc., together with its subsidiaries, provides cloud software for contact centers in the United States and internationally. Jefferies Group restated a "buy" rating and set a $74.00 price objective on shares of Cabot in a report on Friday, November 3rd.
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