NYSE:BURL', 'Burlington Stores Inc.', 'http://kldaily.com/kl-logo.png');

Shellback Capital LP Trimmed Its Burlington Stores INC (BURL) Position by $11.82 Million; Stock Rose

December 10, 2017 - By Ellis Scott

Investors sentiment decreased to 0.83 in 2017 Q2. Its down 0.12, from 0.95 in 2017Q1. It dropped, as 41 investors sold BURL shares while 114 reduced holdings. 49 funds opened positions while 80 raised stakes. 70.21 million shares or 1.32% less from 71.15 million shares in 2017Q1 were reported. Panagora Asset Mngmt Incorporated owns 157,288 shares. Gotham Asset Mgmt Ltd has invested 0.05% in Burlington Stores, Inc. (NYSE:BURL). Stephens Ar accumulated 2,531 shares or 0.01% of the stock. Allen Investment Limited Liability has invested 0.02% of its portfolio in Burlington Stores, Inc. (NYSE:BURL). Raymond James Na has 3,808 shares. Rainier Investment Mngmt Limited Liability has 33,870 shares for 0.62% of their portfolio. Clarivest Asset Mngmt Llc has 0.01% invested in Burlington Stores, Inc. (NYSE:BURL) for 2,723 shares. Massachusetts-based Putnam Invs Lc has invested 0.01% in Burlington Stores, Inc. (NYSE:BURL). Meeder Asset invested in 4,913 shares. Cortina Asset Management Limited Liability Company, Wisconsin-based fund reported 349,318 shares. 483,077 are held by Old Mutual Global (Uk) Ltd. Paloma Prtn Mgmt stated it has 0.04% of its portfolio in Burlington Stores, Inc. (NYSE:BURL). Castleark Management Ltd Com has 29,420 shares. 110,312 are held by Nicholas Prtnrs Lp. Artisan Partners Partnership reported 481,132 shares or 0.08% of all its holdings.

Shellback Capital Lp decreased its stake in Burlington Stores Inc (BURL) by 28.25% based on its latest 2017Q2 regulatory filing with the SEC. Shellback Capital Lp sold 129,900 shares as the company’s stock rose 10.27% with the market. The institutional investor held 330,000 shares of the consumer services company at the end of 2017Q2, valued at $30.36 million, down from 459,900 at the end of the previous reported quarter. Shellback Capital Lp who had been investing in Burlington Stores Inc for a number of months, seems to be less bullish one the $7.71 billion market cap company. The stock increased 2.16% or $2.39 during the last trading session, reaching $112.89. About 880,330 shares traded. Burlington Stores, Inc. (NYSE:BURL) has risen 77.68% since December 10, 2016 and is uptrending. It has outperformed by 60.98% the S&P500.

Shellback Capital Lp, which manages about $423.03M and $1.16B US Long portfolio, upped its stake in Eldorado Resorts Inc (NASDAQ:ERI) by 423,506 shares to 887,989 shares, valued at $17.76M in 2017Q2, according to the filing. It also increased its holding in Ciena Corp (NYSE:CIEN) by 728,788 shares in the quarter, for a total of 952,804 shares, and has risen its stake in Alaska Air Group Inc (NYSE:ALK).

More notable recent Burlington Stores, Inc. (NYSE:BURL) news were published by: Businesswire.com which released: “Burlington Stores, ABC’s Good Morning America, & Delivering Good, Inc …” on November 13, 2017, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: Wal-Mart Stores, Burlington Stores, Five …” published on December 04, 2017, Fool.com published: “Burlington Stores: Huge Upside, but High Risk” on November 23, 2017. More interesting news about Burlington Stores, Inc. (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 Nasdaq.com‘s news article titled: “Is Burlington Stores (BURL) a Great Growth Stock?” with publication date: November 28, 2017.

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

Among 18 analysts covering Burlington Stores (NYSE:BURL), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Burlington Stores has $120.0 highest and $58 lowest target. $105.87’s average target is -6.22% below currents $112.89 stock price. Burlington Stores had 47 analyst reports since October 7, 2015 according to SRatingsIntel. The stock of Burlington Stores, Inc. (NYSE:BURL) earned “Outperform” rating by Telsey Advisory Group on Friday, May 27. The stock of Burlington Stores, Inc. (NYSE:BURL) has “Neutral” rating given on Friday, August 26 by Citigroup. BB&T Capital initiated the stock with “Hold” rating in Thursday, December 17 report. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, June 7. The stock of Burlington Stores, Inc. (NYSE:BURL) has “Buy” rating given on Wednesday, October 7 by Citigroup. Guggenheim initiated the shares of BURL in report on Friday, September 30 with “Neutral” rating. The stock of Burlington Stores, Inc. (NYSE:BURL) has “Outperform” rating given on Friday, August 26 by Cowen & Co. Buckingham Research reinitiated Burlington Stores, Inc. (NYSE:BURL) on Thursday, October 19 with “Buy” rating. The firm earned “Outperform” rating on Friday, March 3 by RBC Capital Markets. The stock of Burlington Stores, Inc. (NYSE:BURL) has “Outperform” rating given on Friday, June 23 by Cowen & Co.

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