Janney Montgomery Scott LLC Increases Stake in Burlington Stores, Inc. (NYSE:BURL)

Janney Montgomery Scott LLC raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 90.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,482 shares of the company’s stock after acquiring an additional 2,123 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Burlington Stores were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Crewe Advisors LLC bought a new stake in shares of Burlington Stores during the 2nd quarter valued at $25,000. ORG Partners LLC bought a new stake in Burlington Stores during the second quarter valued at about $38,000. UMB Bank n.a. raised its holdings in Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the period. Blue Trust Inc. boosted its stake in shares of Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares during the period. Finally, American National Bank purchased a new stake in Burlington Stores during the 2nd quarter valued at approximately $47,000.

Analyst Ratings Changes

Several equities analysts have recently commented on BURL shares. The Goldman Sachs Group boosted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company boosted their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. TD Cowen boosted their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group boosted their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Citigroup boosted their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.56.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.

Burlington Stores Trading Down 0.2 %

NYSE BURL opened at $268.98 on Friday. The company’s 50-day moving average price is $260.80 and its 200-day moving average price is $244.03. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The stock has a market cap of $17.12 billion, a PE ratio of 40.45, a PEG ratio of 1.36 and a beta of 1.64. Burlington Stores, Inc. has a 12 month low of $128.57 and a 12 month high of $282.49.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the business earned $0.60 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current 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.