Raymond James & Associates Grows Position in Burlington Stores, Inc. (NYSE:BURL)

Raymond James & Associates lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,705 shares of the company’s stock after buying an additional 1,056 shares during the period. Raymond James & Associates’ holdings in Burlington Stores were worth $8,090,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BURL. Wealth Enhancement Advisory Services LLC increased its position in shares of Burlington Stores by 131.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,522 shares of the company’s stock valued at $586,000 after purchasing an additional 1,434 shares during the last quarter. State of Michigan Retirement System raised its position in Burlington Stores by 0.6% in the first quarter. State of Michigan Retirement System now owns 15,700 shares of the company’s stock worth $3,645,000 after acquiring an additional 100 shares during the period. Norden Group LLC bought a new position in Burlington Stores in the first quarter worth approximately $438,000. Janney Capital Management LLC raised its position in Burlington Stores by 15.5% in the first quarter. Janney Capital Management LLC now owns 2,227 shares of the company’s stock worth $517,000 after acquiring an additional 299 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in Burlington Stores by 8.0% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,104 shares of the company’s stock worth $489,000 after acquiring an additional 155 shares during the period.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on BURL shares. Wells Fargo & Company increased their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Loop Capital increased their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Morgan Stanley increased their price target on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. increased their price target on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Stock Performance

BURL opened at $257.38 on Thursday. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 1.28 and a beta of 1.64. The company has a fifty day moving average of $263.54 and a 200 day moving average of $237.98. Burlington Stores, Inc. has a fifty-two week low of $117.09 and a fifty-two week high of $282.49. 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 (NYSE:BURL) last posted its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. Burlington Stores’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Burlington Stores 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.