BidaskClub Downgrades Burlington Stores, Inc. (NYSE:BURL) to Hold

Paterniano Del Favero
Agosto 5, 2017

World Asset Management Inc increased its stake in shares of Burlington Stores by 15.2% in the first quarter. The Palisade Capital Management Llc holds 114,400 shares with $9.70 million value, down from 155,496 last quarter. Tudor Investment Et Al invested 0.01% of its portfolio in Burlington Stores Inc (NYSE:BURL). It is down 77.68% since August 4, 2016 and is uptrending. It has outperformed by 60.98% the S&P500. Capstone Inv Advisors Ltd Liability Co has 0.04% invested in Burlington Stores Inc (NYSE:BURL). The fund owned 402,600 shares of the company's stock after buying an additional 369,500 shares during the period. 22,000 shares valued at $2.14M were sold by Crimmins John on Wednesday, May 31. Aetna Inc New now has $52.59B valuation. Its up 0.20, from 0.89 in 2016Q3. In the last earnings report the EPS was $3.22 and is estimated to be $3.97 for the current year with 69,091,000 shares now outstanding.

Shares of Burlington Stores, Inc. Insiders own 2.60% of the company's stock. 562,520 shares of the company's stock were exchanged. The Massachusetts-based Westfield Capital Management Co Lp has invested 0.12% in the stock. Ipg Investment Advsr Limited Liability Com owns 14,800 shares. Illinois-based Lsv Asset Mngmt has invested 0.56% in Aetna Inc (NYSE:AET). American Grp Inc owns 1,840 shares for 0% of their portfolio. Panagora Asset Mgmt accumulated 1.37M shares. Employees Retirement System Of Texas holds 0.15% or 86,381 shares in its portfolio. Massachusetts Fincl Services Ma reported 0% in Aetna Inc (NYSE:AET). $1.02 million worth of Aetna Inc (NYSE:AET) shares were sold by McCarthy Margaret M. 6,607 shares were sold by SOISTMAN FRANCIS S JR, worth $872,020 on Wednesday, March 8. Shares for $967,996 were sold by Katz Marc. $329,228 worth of stock was sold by MAGRINI JOYCE MANNING on Thursday, June 1. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Aetna had 38 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has "Overweight" rating by Morgan Stanley on Wednesday, June 7. The stock has "Buy" rating by Sterne Agee CRT on Tuesday, August 4. Leerink Swann downgraded the shares of AET in report on Tuesday, January 24 to "Mkt Perform" rating. Drexel Hamilton maintained it with "Buy" rating and $32.0 target in Thursday, September 1 report. The stock of Aetna Inc (NYSE:AET) earned "Neutral" rating by Cleveland on Friday, April 8. The rating was maintained by Susquehanna with "Buy" on Tuesday, August 4. Cowen and Company set a $103.00 price objective on Burlington Stores and gave the stock a "buy" rating in a research report on Saturday, April 8th. During the same quarter a year ago, the company posted $0.57 earnings per share. BURL's profit will be $34.91 million for 42.76 P/E if the $0.50 EPS becomes a reality. Finally, Zacks Investment Research upgraded Burlington Stores from a "hold" rating to a "buy" rating and set a $111.00 target price on the stock in a research report on Friday, June 2nd.

Investors sentiment increased to 1.09 in 2016 Q4. It increased, as 31 investors sold BURL shares while 104 reduced holdings. 56 funds opened positions while 91 raised stakes.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 25th. They released an "outperform" recommendation and a $113.00 price objective on the company shares. Point72 Asia (Hong Kong) reported 929 shares. Aperio Gp Ltd Company holds 10,815 shares or 0.01% of its portfolio. Schwab Charles Management reported 0.02% stake. 7 are held by Washington Trust Natl Bank. Blackrock Institutional Trust Na reported 1.93 million shares. CAPROCK Group Inc. purchased a new stake in shares of Burlington Stores during the first quarter worth approximately $202,000. Sanders Morris Harris Inc. bought a new position in Burlington Stores during the first quarter worth about $486,000.

Several large investors have recently modified their holdings of the company. Cedar Fair LP (NYSE:FUN) was raised too. Vetr cut shares of Burlington Stores from a "strong-buy" rating to a "buy" rating and set a $105.25 target price for the a research note on Monday, April 10th. Therefore 79% are positive. The stock of Aimia Inc (TSE:AIM) has "Outperform" rating given on Friday, February 17 by Raymond James. BMO Capital Markets fixed a $115.00 target price on the stock of Burlington Stores and issued the company a "buy" recommendation in a analysis report on early Thur, Jun 8th. The stock has "Neutral" rating by Citigroup on Friday, May 27. Insiders own 2.60% of the company's stock. The firm has "Sector Perform" rating by RBC Capital Markets given on Tuesday, February 21. As per Friday, August 26, the company rating was maintained by Telsey Advisory Group. Credit Suisse Group's target price would indicate a potential upside of 3.42% from the stock's current price.

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