Fulton Bank N.A. Sells 374 Shares of Burlington Stores, Inc. (NYSE:BURL)

Fulton Bank N.A. reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,453 shares of the company’s stock after selling 374 shares during the quarter. Fulton Bank N.A.’s holdings in Burlington Stores were worth $1,964,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after purchasing an additional 53 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Burlington Stores by 3.4% during the 1st quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock worth $386,000 after purchasing an additional 54 shares during the last quarter. Signaturefd LLC lifted its holdings in Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after purchasing an additional 54 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Burlington Stores by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after purchasing an additional 61 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in Burlington Stores by 6.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after purchasing an additional 65 shares during the last quarter.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on BURL shares. Barclays lifted their price target on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Morgan Stanley lifted their price objective on Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Wells Fargo & Company lifted their price objective on Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. TD Cowen lifted their price objective on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Burlington Stores in a report on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $294.94.

Burlington Stores Price Performance

Burlington Stores stock opened at $247.93 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $282.49. The stock has a market capitalization of $15.82 billion, a P/E ratio of 41.53, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. The stock has a fifty day moving average of $264.44 and a 200-day moving average of $233.32.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. Burlington Stores’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.