The Insider and Executive Chairman of Garmin Ltd. (GRMN), Min Kao, Sold 695,130 Shares; Burlington Stores Has 0.95 Sentiment

Burlington Stores, Inc. (NYSE:BURL) Logo

Sentiment for Burlington Stores Inc (BURL)

Burlington Stores Inc (BURL) investors sentiment increased to 0.95 in 2017 Q4. It’s up 0.10, from 0.85 in 2017Q3. The ratio has increased, as 137 active investment managers opened new or increased holdings, while 144 cut down and sold equity positions in Burlington Stores Inc. The active investment managers in our database reported: 66.96 million shares, down from 67.97 million shares in 2017Q3. Also, the number of active investment managers holding Burlington Stores Inc in top ten holdings increased from 5 to 9 for an increase of 4. Sold All: 30 Reduced: 114 Increased: 75 New Position: 62.

Among 16 analysts covering Garmin Ltd. (NASDAQ:GRMN), 3 have Buy rating, 4 Sell and 9 Hold. Therefore 19% are positive. Garmin Ltd. has $60 highest and $12 lowest target. $42.78’s average target is -29.11% below currents $60.35 stock price. Garmin Ltd. had 32 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Tigress Financial on Friday, December 15 with “Buy”. Morgan Stanley maintained Garmin Ltd. (NASDAQ:GRMN) rating on Thursday, November 2. Morgan Stanley has “Equal-Weight” rating and $57 target. Robert W. Baird maintained Garmin Ltd. (NASDAQ:GRMN) on Thursday, February 22 with “Neutral” rating. Longbow upgraded Garmin Ltd. (NASDAQ:GRMN) on Wednesday, July 19 to “Buy” rating. Raymond James upgraded the shares of GRMN in report on Tuesday, August 25 to “Mkt Perform” rating. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Underweight” rating by JP Morgan on Thursday, February 18. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, November 1. Morgan Stanley maintained Garmin Ltd. (NASDAQ:GRMN) rating on Monday, July 31. Morgan Stanley has “Hold” rating and $5000 target. Goldman Sachs downgraded Garmin Ltd. (NASDAQ:GRMN) on Wednesday, August 24 to “Sell” rating. The company was maintained on Thursday, February 18 by Credit Suisse.

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.29, from 1.37 in 2017Q3. It dropped, as 31 investors sold Garmin Ltd. shares while 121 reduced holdings. 58 funds opened positions while 106 raised stakes. 72.31 million shares or 2.58% less from 74.22 million shares in 2017Q3 were reported. Glg Ptnrs Limited Partnership reported 0% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Advisory Serv Network Ltd Liability, Georgia-based fund reported 3,374 shares. Stevens Cap Management Lp has 0.24% invested in Garmin Ltd. (NASDAQ:GRMN) for 104,557 shares. Dimensional Fund Advisors Lp has invested 0.03% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Cubist Systematic Strategies Limited owns 13,305 shares for 0.04% of their portfolio. Exxonmobil Invest Management Tx owns 17,644 shares. Public Employees Retirement Association Of Colorado has invested 0.01% in Garmin Ltd. (NASDAQ:GRMN). Janney Montgomery Scott Ltd Co holds 0.02% of its portfolio in Garmin Ltd. (NASDAQ:GRMN) for 24,744 shares. Huntington Comml Bank reported 135 shares or 0% of all its holdings. Dekabank Deutsche Girozentrale reported 16,927 shares. 35,287 were accumulated by Rockland Company. Sumitomo Mitsui Asset Limited owns 8,970 shares for 0.01% of their portfolio. Oregon Employees Retirement Fund accumulated 12,133 shares or 0.01% of the stock. Colony Gp Ltd Liability reported 3,745 shares. Moreover, Heartland has 0.01% invested in Garmin Ltd. (NASDAQ:GRMN).

Since December 13, 2017, it had 0 insider purchases, and 10 sales for $51.37 million activity. On Thursday, March 15 Huang Pao-Chang sold $289,776 worth of Garmin Ltd. (NASDAQ:GRMN) or 4,800 shares. 262,611 shares were sold by KAO MIN H, worth $15.77 million. Biddlecombe Sean sold $45,904 worth of Garmin Ltd. (NASDAQ:GRMN) on Wednesday, December 13. Peffer Charles sold 9,905 shares worth $599,708. The insider PEMBLE CLIFTON A sold 36,208 shares worth $2.35 million. 1,929 shares were sold by ETKIND ANDREW R, worth $116,917 on Friday, February 23.

More news for Garmin Ltd. (NASDAQ:GRMN) were recently published by: Bizjournals.com, which released: “Garmin co-founder’s son may join board” on April 10, 2018. Fool.com‘s article titled: “Why Garmin Is Thriving in Action Sports as GoPro Falters” and published on May 04, 2018 is yet another important article.

Garmin Ltd., together with its subsidiaries, designs, develops, makes, markets, and distributes a range of navigation, communication, and information devices worldwide. The company has market cap of $11.38 billion. It operates through five divisions: Auto, Aviation, Marine, Outdoor, and Fitness. It has a 16.4 P/E ratio. The Auto segment offers personal navigation devices; infotainment solutions; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.

Min Kao, an insider and also Executive Chairman of the public company Garmin Ltd made a big trade, which can’t go undiscovered. He sold 695,130 shares of the company with the deal having a market value of $42,220,430 U.S Dollars – which is calculated based on a stock price of $60.7 for share. In the last month, he also unloaded 461,607 shares worth approximately $27,244,012 USD. Full details about the trade dated 03/05/2018, could be found accessible online in a legally required form on the SEC website here. Today, he has ownership of a total of 36.95 million shares or 19.60% of the company’s market cap. It is an important deal and hence it will possibly not remain undiscovered.

The stock decreased 2.58% or $1.6 during the last trading session, reaching $60.35. About 1.65 million shares traded or 45.16% up from the average. Garmin Ltd. (NASDAQ:GRMN) has risen 14.52% since May 4, 2017 and is uptrending. It has outperformed by 2.97% the S&P500.

Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company has market cap of $9.32 billion. The firm offers fashion-focused merchandise, including ladies sportswear, menswear, youth apparel, baby furniture, footwear, accessories, home décor and gifts, and coats. It has a 25.09 P/E ratio. As of January 28, 2017, it operated 592 stores, including an Internet store in 45 states and Puerto Rico.

Analysts await Burlington Stores, Inc. (NYSE:BURL) to report earnings on May, 24. They expect $1.08 EPS, up 47.95% or $0.35 from last year’s $0.73 per share. BURL’s profit will be $73.22M for 31.82 P/E if the $1.08 EPS becomes a reality. After $2.17 actual EPS reported by Burlington Stores, Inc. for the previous quarter, Wall Street now forecasts -50.23% negative EPS growth.

Night Owl Capital Management Llc holds 2.87% of its portfolio in Burlington Stores, Inc. for 50,142 shares. Buckingham Capital Management Inc owns 193,176 shares or 2.85% of their US portfolio. Moreover, Shellback Capital Lp has 2.38% invested in the company for 260,000 shares. The Illinois-based Oberweis Asset Management Inc has invested 2.37% in the stock. Kames Capital Plc, a United Kingdom-based fund reported 743,547 shares.

Ratings analysis reveals 60% of Burlington Stores’s analysts are positive. Out of 5 Wall Street analysts rating Burlington Stores, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $86.0 while the high is $107.0. The stock’s average target of $93 is -32.35% below today’s ($137.48) share price. BURL was included in 5 notes of analysts from August 26, 2016. RBC Capital Markets maintained the shares of BURL in report on Friday, August 26 with “Outperform” rating. Guggenheim initiated the stock with “Neutral” rating in Friday, September 30 report. The stock of Burlington Stores, Inc. (NYSE:BURL) earned “Outperform” rating by Wedbush on Friday, January 6. On Friday, August 26 the stock rating was maintained by Telsey Advisory with “Market Perform”. The firm has “Outperform” rating by Credit Suisse given on Wednesday, January 18.

The stock increased 1.05% or $1.43 during the last trading session, reaching $137.48. About 478,724 shares traded. Burlington Stores, Inc. (BURL) has risen 37.17% since May 4, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

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